Overlooked no more! Our corner of Perth has taken top spot for residential property investment in Perth this year.

2 min
04 August 2023

The Perth market has become a strong option for investors in recent months, due to higher yields, lower buy-in-prices, and rapid rates of population growth through overseas and interstate migration. (Reference: CoreLogic, Research News, 24 Jul 2023)


So if you're looking for the best of both worlds - now's the time. With lower median prices proving resilient through the rate hiking cycle so far, Perth has both a higher yield profile and strong prospects for capital gain. We're also currently the only capital city in Australia where housing values have recovered to a new record high. (Reference: CoreLogic, Research News, 24 Jul 2023)


Our corner of Perth in particular has seen a surge in activity from east coast investors eyeing off the best investment prospects. In June alone, Armadale recorded a median house price of $330,000, a median weekly rent of $400 and a 6.3% gross rental yield - proving ideal for potential investors, or those searching for their forever home. (Reference: Perth Now, The West Australian, 27 Jul 2023)


Taking the top spot on REIWA's 'Top 20 Perth Suburbs to Invest In', Armadale was one of the fastest-selling and top-performing suburbs for house price growth at the month's end. (Reference: Perth Now, The West Australian, 27 Jul 2023)


O'Neil Real Estate residential sales consultant, Ash Schwarts, described the Armadale market as 'crazy over the previous 6 months', with the competition between investors and regular home-buyers made fiercer by eastern states investors snatching up properties. (Reference: Perth Now, The West Australian, 27 Jul 2023)


"For them, the risk is worth the reward because they still see Armadale as cheap", Schwarts commented, adding, "it appeals to them because it's close to the city, has good public transport and plenty of local amenities, as well as strong commercial prospects". (Reference: Perth Now, The West Australian, 27 Jul 2023)


With the future town centre in the works, and a proposed plan for a primary school in the pipeline, it's no surprise Sienna Wood is attracting investors from all over Australia. Whether you're looking to build a successful investment portfolio, or even just want to make your own home into your family's nest egg, Sienna Wood ticks all the boxes. 


But it's not all about the future. Sienna Wood already has so much to offer, with plenty of parks, green space, and more to explore. Why not see for yourself? Bring your dog for a run-around at the dog park. Check out the iconic shipwreck park. Or, grab a bite to eat at Mooba Café - located right next door to our sales office. Our sales professionals would love to have a coffee and chat - just drop by or reach out to them for a facetime call!


Ready to find your dream home at Sienna Wood? Explore our most popular packages