Question 1

Is Applecross a nice place to live?

Accepted Answer

Applecross is a mature riverside suburb on the Swan River with leafy streets, a river foreshore and a small village feel centred on the Ardross Street strip. Housing ranges from established family homes and older cottages to contemporary riverfront houses and low-rise apartments, so the neighbourhood mixes long-term residents with younger professionals. Weekends commonly revolve around the foreshore reserves, walking and cycling the river paths, and visiting local cafes and boutique shops, while Canning Highway and regular bus services keep the area well connected without feeling inner-city.

With 7,228 residents, a median age of 44 and a median household income of $2,453 a week, Applecross is a suburb weighted towards couples and families and is mostly owner-occupied (71.7% owner-occupiers, 28.4% renters). Several local projects are planned or under way, including a new ferry terminal, upgrades to the Canning Bridge bus interchange and improvements to foreshore, bike paths and public spaces. That combination makes Applecross suit people who value a settled riverside setting with nearby shops and outdoor routes; whether it suits you depends on what you want in a suburb.

Question 2

Is it expensive to live in Applecross?

Accepted Answer

On the figures, the median house price in Applecross of $1,891,000 works out to about 14.8 times a typical local household's annual income at the last Census, and the median unit price of $1,050,000 is about 8.2 times that annual income. Renting is relatively less stretched than buying but still significant: a house rent of $1,000 a week would take about 40.8% of a typical local household's weekly income at the last Census, while a unit at $800 a week would take roughly 32.6% of that weekly income. So buying sits well above what people locally earned at the last Census, and renting would use a sizeable to large share of a typical local household's income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Applecross a good place to invest?

Accepted Answer

Unit values in Applecross rose 41.3% over the past year and unit rents increased 14.3%, so the unit side moved sharply on both capital and rental measures. By comparison, house values edged down 0.9% while house rents rose a solid 5.3%, meaning houses saw modest rent growth alongside a slight fall in value. In short, units were the stronger performer for both capital growth and rental income over the 12 months; whether that pattern fits your investment goals is for you to judge.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.89M	$1.05M
Change in value Past 12 months	-0.9%	41.3%
Sold Past 3 months	17	19
Median days on market Past 12 months	25	48
Average rent Past 12 months	$1000	$800
Change in rent Past 12 months	5.3%	14.3%

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