Get a property report and suburb profile for any property in Applecross

Applecross is a delightful suburb that offers a charming blend of tranquility and sophistication, making it a wonderful place to call home. With its serene riverside setting and tree-lined streets, the suburb exudes a peaceful vibe that is perfect for families and individuals seeking a high-quality lifestyle. The community spirit is palpable, with residents enjoying a close-knit atmosphere that is both welcoming and inclusive. The suburb's proximity to Perth's CBD ensures that all the amenities of city life are just a short drive away, while still providing a retreat from the hustle and bustle.

Families will find Applecross particularly appealing due to its excellent schools and abundance of green spaces, such as parks and reserves, which offer plenty of opportunities for outdoor activities and relaxation. The local cafes and boutique shops add to the suburb's charm, providing convenient options for dining and shopping without needing to venture far from home. Safety is generally not a concern in this well-established community, contributing to its reputation as a desirable place to live.

However, living in Applecross does come with some trade-offs. The prestigious nature of the suburb means that property prices can be high, which might be a consideration for those on a tighter budget. Additionally, while the suburb offers a peaceful lifestyle, it may lack the vibrant nightlife and cultural diversity found in more urban areas. Despite these trade-offs, Applecross remains a highly sought-after location for those who value a premium lifestyle in a picturesque and serene environment.

Living in Applecross can be quite costly, as it's known for its upscale lifestyle and prime location along the Swan River. The median house price here is around $1,612,500, which is significantly higher than many other suburbs in the Perth area. If you're considering renting, the average rent for a house is about $1,000 per week, while units are slightly more affordable at $790 per week.

The median total household income in Applecross is $2,453 per week, which is relatively high compared to the average personal wage in the suburb, sitting at about $61,000 per year. This suggests that many households in Applecross have multiple income earners or higher-than-average salaries, which helps to offset the high cost of living.

Overall, Applecross offers a luxurious lifestyle with beautiful views and convenient amenities, but it's important to assess whether your financial situation can accommodate the expenses associated with living in such a prestigious area. If you're thinking of living in Applecross, be prepared for the premium prices that come with its desirable location and lifestyle.

Applecross presents an intriguing opportunity for investors, particularly those interested in the unit market. Over the past 12 months, the suburb has seen a remarkable 34.6% increase in median unit values, indicating strong demand and potential for capital growth in this segment. This surge suggests that units in Applecross are becoming increasingly desirable, possibly due to their affordability compared to houses and the lifestyle benefits the suburb offers.

While the median house value has remained stable over the past year, the rental market tells a different story. House rents have increased by 5.3%, and unit rents have jumped by 12.9%, reflecting a robust rental demand. This trend is promising for investors seeking reliable rental income, as it suggests that both houses and units in Applecross are appealing to renters, likely due to the suburb's attractive location and amenities.

Overall, Applecross offers a compelling investment landscape, especially for those looking at units. The significant rise in unit values and rents indicates a thriving market with strong demand. While house prices have been stable, the increase in rental yields suggests potential for steady income. Investors looking for a suburb with a mix of growth potential and rental demand might find Applecross to be a promising choice.