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Caversham is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in the scenic Swan Valley, it is renowned for its peaceful atmosphere and beautiful landscapes, which provide a perfect backdrop for those seeking a tranquil lifestyle. The suburb's charm is enhanced by its close-knit community and the abundance of green spaces, making it ideal for families who appreciate outdoor activities and a slower pace of life.

Living in Caversham means enjoying the best of both worlds: the tranquility of a rural setting with the convenience of suburban amenities. The suburb is well-equipped with essential services, including schools, parks, and a newly developed shopping center, ensuring that residents have everything they need close at hand. The local community is vibrant and welcoming, with a strong emphasis on family values, making it an appealing choice for those with children. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and pleasant place to live.

While Caversham offers a peaceful lifestyle, it does come with some trade-offs. The suburb's rural charm means that it lacks the hustle and bustle of city life, which might not appeal to those seeking a more dynamic social scene. However, its proximity to Perth ensures that city amenities are still within easy reach, providing a balance between quiet living and urban convenience. For families, the suburb's focus on community and access to quality education makes it an attractive option, although the ongoing development may lead to increased property prices in the future.

Living in Caversham can be considered somewhat expensive, especially when looking at housing costs. The median house price in Caversham is around $840,000, which is a significant investment. For those renting, the average rent for houses is $750 per week. There are no unit prices available, which suggests limited options for those looking for more affordable housing alternatives.

When comparing income levels, the median total household income in Caversham is $2,266 per week, translating to approximately $117,832 annually. This is higher than the Western Australia state average wage of about $88,000 per year. Despite the higher-than-average local income, the high property prices and rental costs mean that a substantial portion of income would be dedicated to housing expenses.

Overall, while Caversham offers a pleasant lifestyle with its proximity to the Swan Valley and various amenities, the cost of living, particularly in terms of housing, can be high. If you are thinking of living in Caversham, it's important to consider your financial situation to ensure it aligns with the costs associated with residing in this area.

Caversham is showing promising signs as a potential investment suburb, particularly for those interested in houses. Over the past year, the median house value in Caversham has increased by an impressive 14.3%, indicating strong demand and potential for capital growth. This is a significant rise compared to the stagnant growth in unit values, which have seen no change over the same period. This suggests that houses in Caversham are currently more attractive to buyers and investors alike.

In addition to the rise in house values, rental yields for houses have also increased by 7.1% over the last year. This growth in rental income further enhances the appeal of investing in houses within Caversham, offering the potential for both capital appreciation and steady rental returns. The lack of change in unit rents and values suggests that the market for units is currently less dynamic, making houses the more compelling option for investors.

Overall, Caversham presents a strong case for investment, particularly in the housing market. With its recent growth in house values and rental income, it offers a blend of capital growth potential and rental yield that can be attractive to investors looking for a suburb with upward momentum. While units may not currently offer the same level of opportunity, the housing market in Caversham is certainly worth considering for those looking to invest in real estate.