About North Perth

​North Perth, located approximately 3 km from Perth’s central business district, is a vibrant suburb known for its blend of suburban tranquillity and urban convenience. The area boasts a variety of restaurants, retail facilities, and entertainment venues, contributing to its lively atmosphere.

Property Market Overview:

• Median Property Prices: Over the past year, North Perth has experienced significant growth in property values. The median house price is approximately $1.35 million, reflecting a 16.16% annual increase. Units have a median price around $563,000, with a notable 28.0% annual growth.

• Rental Market: The suburb’s rental market is robust, with houses renting for a median of $850 per week, yielding an annual rental return of about 3.1%. Units command a median rent of $620 per week, offering a rental yield of approximately 6.0%.

• Market Activity: In the past 12 months, North Perth has seen 156 house sales with a median sale price of $1.3 million, marking a 16.2% annual increase. The average time on market for houses is approximately 8 days, with vendor discounting averaging 7.0%. ​

Demographics and Lifestyle:

With a population of approximately 8,748 residents, North Perth offers a friendly neighbourhood atmosphere, featuring numerous parks and playgrounds. The suburb is renowned for its excellent cafes and restaurants, providing a vibrant culinary scene. Families and professionals alike appreciate the inner-city convenience combined with a suburban feel. ​

Investment Insights:

North Perth’s impressive property value growth, coupled with strong rental yields and a dynamic rental market, positions it as an attractive prospect for property investors. The low average days on market further underscore its investment potential. Additionally, the suburb’s proximity to Perth’s CBD, along with its array of amenities and community features, suggests a positive outlook for future capital growth and rental demand.