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Alkimos suburb profile

Alkimos is a rapidly growing coastal suburb located approximately 42km north of Perth's CBD in Western Australia. Known for its stunning beaches and family-friendly environment, Alkimos offers a blend of modern living and natural beauty. The suburb features a range of amenities including schools, shopping centers, and recreational facilities, catering to the needs of its diverse community. With its picturesque coastline and planned infrastructure developments, Alkimos is attracting both families and investors looking for a vibrant yet relaxed lifestyle. Its proximity to the Indian Ocean and future transport links make it an appealing destination for those seeking a coastal lifestyle.

Alkimos property market performance

Alkimos has experienced a robust property market over the past 12 months, with significant growth in both house and unit values. House prices have surged by 28.2%, bringing the median house price to $695,000, while unit prices have increased by 20.4%, with a median of $412,000. This reflects strong demand in the area.

Sales activity has been notable, with 95 houses sold in the past 12 months, although only one unit was sold, indicating a preference for houses. Houses are selling rapidly, with a median of just 8 days on the market, compared to 16 days for units.

The rental market in Alkimos has also seen substantial changes, with house rents increasing by 14.5% and unit rents by 25.3% over the last 12 months. The average rent for houses is now $650, while units average $582, highlighting a strong rental demand.

Median price - houses$710KPast 3 months

Median price - units$412KPast 3 months

Change in value - houses28.8%12 months

Change in value - units20.4%12 months

Houses sold82Past 3 months

Units sold1Past 3 months

Median DOM - houses8Past 12 months

Median DOM - units15.5Past 12 months

Average rent - houses$650Past 12 months

Average rent - units$580Past 12 months

Change in rent - houses13.0%Past 12 months

Change in rent - units22.1%Past 12 months

Alkimos demographics

Alkimos, located in the northern suburbs of Perth, is a rapidly growing community known for its family-friendly environment and coastal charm. With a population of 10,203 and a median age of 31, Alkimos is a youthful suburb that attracts young families and professionals seeking a balanced lifestyle. The suburb's proximity to beautiful beaches and planned infrastructure developments make it an appealing choice for those looking to settle in a vibrant and emerging area.

The suburb's demographic profile is characterized by a high percentage of couple families with children, accounting for 53% of all families. This highlights Alkimos as a family-oriented community, with ample amenities and recreational facilities catering to the needs of young families. Additionally, 28.1% of families are couples without children, and 17.7% are one-parent families, reflecting a diverse family structure within the suburb.

Housing in Alkimos is predominantly owner-occupied, with 63.6% of properties owned with a mortgage, indicating a strong presence of first-time homebuyers and young families investing in their future. Only 7.7% of properties are owned outright, while 28.7% are rented, providing a mix of stability and flexibility for residents. The median total household income of $2,035 per week suggests a relatively comfortable standard of living, supporting the suburb's appeal as a desirable place to live and raise a family.

Alkimos infrastructure, key developments and investment opportunities

Alkimos is experiencing significant development that is likely to impact its property market. The recent extension of the Mitchell Freeway to the southern part of the suburb in 2023 has improved connectivity, while the opening of Alkimos railway station in July 2024 has enhanced public transport options. These infrastructure upgrades are expected to increase the area's appeal to homebuyers and potentially drive property values up.

The suburb is part of the planned Alkimos-Eglinton satellite city, which aims to accommodate 55,000 residents and include major facilities such as hospitals, educational institutions, and commercial centers. This long-term development vision, coupled with the coastal location and new amenities, positions Alkimos as a growing area with potential for future property value appreciation. However, some residents have noted slower-than-expected progress on certain promised developments, which may affect short-term market dynamics.

Alkimos rental market trends

The rental market in Alkimos is experiencing significant growth, with house rents increasing by 14.5% over the past year to $650 per week, while unit rents have surged 25.3% to $582 per week. This rapid rise in rental prices highlights Alkimos as an attractive suburb for both renters and investors, driven by its expanding infrastructure and appealing coastal lifestyle.

Suburbs near Alkimos

Some popular suburbs near Alkimos include:

Common questions about Alkimos

  • Is Alkimos a nice place to live?

    Alkimos is a delightful suburb that offers a charming blend of coastal living and modern convenience, making it a wonderful place to call home. With its stunning beaches and serene environment, it provides a peaceful retreat from the hustle and bustle of city life. The suburb is known for its welcoming community vibe, where families find a supportive and friendly atmosphere. The presence of schools, shopping centers, and recreational facilities ensures that residents have access to essential amenities, contributing to a high standard of livability.

    Families will find Alkimos particularly appealing due to its family-oriented environment and the availability of spacious homes. The suburb's proximity to the Indian Ocean means that beach outings and coastal activities are just a short drive away, offering endless opportunities for outdoor fun and relaxation. Safety is generally not a major concern, and the community's focus on family-friendly living makes it an ideal choice for those with children.

    However, living in Alkimos does come with a few trade-offs. While the suburb is rapidly developing, some residents have noted that certain infrastructure projects have progressed slower than anticipated. This may affect short-term convenience, but the long-term vision for the area promises significant enhancements in amenities and connectivity. The recent extension of the Mitchell Freeway and the upcoming opening of the Alkimos railway station are expected to improve access to Perth's CBD, making it easier for commuters and enhancing the suburb's appeal.

    Overall, Alkimos offers a vibrant yet relaxed lifestyle, perfect for families and individuals seeking a balance between modern living and natural beauty. As the suburb continues to grow and develop, it holds great potential for those looking to invest in a promising area with a bright future.

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  • Is it expensive to live in Alkimos?

    Living in Alkimos is relatively affordable compared to many other suburbs in the Perth area. With a median house price of $695,000 and a median unit price of $412,000, the property market here is more accessible than in some of the more central or sought-after suburbs. Renting is also fairly reasonable, with the average rent for houses at $650 per week and units at $582 per week over the last year.

    The average weekly household income in Alkimos is around $2,035, which aligns well with the property prices and rental costs. This income level is quite competitive when compared to the average weekly wage in Perth, making it a feasible option for many families and individuals. The balance between income and living costs in Alkimos suggests that it offers a more affordable lifestyle without compromising on the amenities and community feel that many residents value.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Alkimos a good place to invest?

    Alkimos is showing promising signs as a strong investment suburb, with impressive growth in both property values and rental returns over the past year. The median house value has surged by 28.2%, while units have seen a 20.4% increase, indicating a robust demand for properties in the area. This growth is complemented by significant rises in rental income, with house rents up by 14.5% and unit rents soaring by 25.3%. Such figures suggest that Alkimos is attracting both buyers and renters, making it a vibrant market for property investors.

    The suburb's appeal is likely driven by its ongoing development and the lifestyle it offers. With new infrastructure projects and community amenities continually enhancing the area, Alkimos is becoming increasingly attractive to families and young professionals. This growth trajectory suggests that Alkimos is not just a flash in the pan but a suburb with solid long-term potential. For investors looking for a suburb with strong capital growth and rental yield, Alkimos presents a compelling opportunity.

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