Wembley

About Wembley

Wembley, located approximately 6 kilometres west of Perth’s CBD, is a vibrant suburb known for its leafy streets, community atmosphere, and proximity to amenities.​

Property Market Overview:

• Median Sale Prices: Over the past year, the median sale price for houses in Wembley has been approximately $1,862,500, reflecting an 18% increase.

• Annual Growth: The suburb has experienced a sales growth of 14.4%, with houses seeing an annual capital growth of 15.16%. ​

• Rental Market: The median weekly rent for houses is $950, yielding an annual rental return of 3.0%.

Market Dynamics:

• Sales Activity: In the past 12 months, there have been 118 house sales in Wembley, 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.