Armadale
PropTrack lists the median house price in Armadale at $385,000 which represents a massive jump of 24.2% over the past year. As one of the fastest-growing suburbs in Perth, Armadale offers affordable housing options with strong rental demand. The average rent for a house in Armadale is $450 per week, providing an attractive rental yield of 6.4%. Another thing to be aware of is the significant amount of infrastructure investment earmarked for Armadale in the near future, such as the improvement of the suburb’s public transport network and the addition of a new shopping centre.
Orelia
A suburb that appears on many investors’ radars, Orelia has experienced an 18.1% increase in median house prices over the past year. One of Perth’s most affordable suburbs, the median house price in Orelia is $420,000. Investors can also snap up a unit for a median price of only $209,000. According to REIWA, the average rent in Orelia is $500 per week. This makes Orelia an attractive option for investors looking to achieve strong rental yields.
Gosnells
The median house price in Gosnells has risen impressively by 20.9% over the past year, according to PropTrack. With a range of affordable housing options, including units with a median price of $329,500 and houses with a median price of 450,000, Gosnells is a popular choice for investors. In addition to its affordable housing options, Gosnells also boasts plenty of amenities and services, such as good schools, shopping centres, and public transport options that make it a desirable location for renters. This is reflected in the suburb’s strong rental demand, with an average median rent of $470 per week for houses and $400 per week for units.