Consistently topping REIWA’s Top Selling Suburbs north of the river list, Ellenbrook is definitely a suburb to watch when it comes to Perth’s property market.
Situated approximately 21 kilometers from the Perth CBD, the area has a fantastic community appeal with infrastructure aimed at attracting young families and first home buyers. As a planned community, Ellenbrook is made up of numerous housing burrows and since 1995, has grown to an abundant mini-city.
Within the vicinity of 12 schools, the area has access to a range of local shopping centres, parks, sporting facilities, natural green spaces and established transport links, including train and bus networks. Yet, as the population of the area continues to grow, so too does the area’s infrastructure, helping to drive this self-sustaining community’s local economy and subsequent demand for further housing in the future.
Although Ellenbrook has predominately supported first home buyers in the past, there has been a recent mix of trade-up buyers and investors, buying mostly within the area’s premium listings. Properties listed in Aveley, The Vines, Woburn Park and Equis Lake are popular, further demonstrating the appeal of the area.
According to recent REIWA data, the median house price in Ellenbrook is $430,000, sitting $105,000 below the Perth average of $535,000, proving its affordability. The area has boasted a 12% growth each year over the past 10 years, making Ellenbrook properties a wise investment opportunity.
24% of properties in Ellenbrook are being leased proving the potential for a strong rental market in the area. While there is a handful of town houses, units and apartments available for residents to enjoy throughout the area, the focus seems to remain around houses.
Households are typically made up of couples with children, with the typical age demographic of the area ranges from 20-64 years of age. With the variety of local amenities on hand, the area is a perfect location for young, growing families looking for a chance to enter the market.
Further RP Data statistics indicate the area holds a rental yield of 5%, with a median weekly rent of $360, sitting $33 above Perth’s general median weekly rent.