Build Your Property Portfolio in South Perth

Rental Market

Older couples and families have enjoyed this affluent riverside neighbourhood, with several distinguished private schools nearby, considerable foreshore parkland and the Perth Zoo among the other attractions of this picturesque suburb. UWA is less than 10 minutes away. As of 2020, REIWA reports that 43.8% of properties in the suburb were being rented and 31.4% were owned outright.

Yields, Growth & Vacancy Rates

Median property prices over the last year in South Perth hit an impressive $1,375,000 for houses and $540,000 for units, according to realestate.com.au. With a large quantity of aged established complexes, rented units average $395 per week with a rental yield of 3.8%. There is only a 1.86% vacancy rate according to Real Estate Investar.

You can purchase a one-bedroom apartment at One Richardson from only $390,000, which means that while you are paying less for an apartment, your tenants will still have the same access to the suburb and lifestyle they would in a house. The ratio of rent you can get vs the price you paid for the residence also increases.

Transport

One Richardson is conveniently situated close to the Kwinana Freeway, serviced with public transport options making the Perth CBD easily accessible. If not the bus network, or the short 3.9km drive, a picturesque and popular means is to travel by ferry between South Perth’s Mends Street Jetty, across the Swan River to Elizabeth Quay.

Major New Infrastructure Spending

The proposed South Perth Railway Station will be positioned less than a hundred metres from One Richardson. Intended to make the suburb and particularly the zoo more accessible, it will improve your tenant’s ability to transit directly into the Perth CBD.

The new ECU City Campus in the inner-city part of Perth is expected to be completed in 2025, drawing 9,000 new students and staff when it opens, in a $700 million dollar project that will reinvigorate Perth’s arts scene and the night-time economy.