West Leederville

About West Leederville

West Leederville, located approximately 3 kilometres west of Perth’s Central Business District (CBD), is a vibrant suburb known for its blend of residential charm and urban convenience. It offers a mix of housing options, proximity to amenities, and a strong sense of community.​

Property Market Overview:

• Median Sale Prices: Over the past year, the median sale price for houses in West Leederville has been approximately $1,752,500, reflecting a 20.45% annual growth. Units have a median sale price of around $500,500, with a 10.6% annual growth. ​

• Rental Market: Houses in West Leederville rent for a median of $925 per week, yielding an annual rental return of 3.3%. Units rent for a median of $520 per week, offering a rental yield of 6.6%.

• Market Dynamics: In the past 12 months, there have been 64 house sales and 95 unit sales in West Leederville. Properties typically spend an average of 8 to 13 days on the market.

Investment Considerations:

West Leederville’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.