
Wembley Downs
About Wembley Downs
Wembley Downs, located approximately 10 kilometres west of Perth’s CBD, is a sought-after suburb known for its leafy streets, community atmosphere, and proximity to amenities.
Property Market Overview:
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Median Sale Price: Over the past year, the median sale price for houses in Wembley Downs has been approximately $1,850,000, reflecting a 24% increase.
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Annual Growth: The suburb has experienced an annual compound growth rate of 27.2% for houses.
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Rental Market: Houses in Wembley Downs rent for a median of $1,000 per week, yielding an annual rental return of 3.6%. Units rent for a median of $570 per week, offering a rental yield of 6.6%.
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Sales Activity: In the past 12 months, there have been 115 house sales in Wembley Downs, with properties typically spending an average of 9 days on the market.
Investment Considerations:
Wembley’s robust growth in property values and rental yields positions it as an attractive investment destination. The suburb’s proximity to Perth’s CBD, quality schools, and recreational facilities further enhance its appeal to families and professionals alike.
Market Outlook:
Perth’s property market is projected to experience growth in 2025, driven by factors such as strong population and employment growth, combined with housing shortages. However, areas heavily reliant on single industries may face volatility, so it’s essential to consider economic diversity when evaluating investment opportunities.
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