A coastal haven for property investment
Unlock the perfect blend of lifestyle and amenity at Alkimos Beach, where higher-than-Perth-average rental yields and recent market growth provides a promising opportunity for real estate investment.
Alkimos Beach offers property investors the chance to capitalise on the Perth market’s burgeoning growth, with the WA capital forecast to experience a strong rate of future population growth driven by both overseas and interstate migration trends in the coming years.
CoreLogic’s recent article, ‘East or West? Australia’s best places to invest’ suggests the Perth real estate market’s strong fundamentals align well with purchasing demand, making the region a favourable choice for real estate investment.
Together with boasting some of the highest gross rental yields among state capitals, Perth may also offer good prospects for capital gains, with CoreLogic citing relatively low median home values and resilient prices1 as drivers for property investors.
For a coastal property within a short distance to the beach, Alkimos offers a range of opportunities for investors seeking quality amenities and proximity to future public transport hubs. According to realestate.com.au, the rental yield for homes in Alkimos stands at 5.8%, currently outperforming Perth's average of 5.3%1.
Alkimos is also well positioned from a market growth perspective, with median house prices currently at $495,0002 for homes in the area. Based on five years of sales, Alkimos has seen a compound growth rate of 11.2%2 according to realestate.com.au.
To gain a comprehensive understanding of the opportunities and trends presented by CoreLogic, read the full article here. For more about Alkimos real estate, visit the realestate.com.au suburb profile here.
Learn more about investing in Alkimos Beach.
1 Tim Lawless, CoreLogic, ‘East or West? Australia's best place to invest’, https://www.corelogic.com.au/news-research/news/2023/east-or-west-australias-best-place-to-invest?utm_medium=email&utm_source=newsletter&utm_campaign=au-rea-property-pulse-2023-jul , 24 July.
2 ‘Alkimos 6038’, https://www.realestate.com.au/wa/alkimos-6038/, 7 August 2023