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

Claremont is an established riverside suburb anchored by the Claremont Quarter and a village-style shopping strip of cafes, boutiques and services. It mixes riverfront parkland and recreational space with regular events at the Claremont Showground, and has straightforward rail and road links via Claremont station and Stirling Highway. Housing ranges from mature federation and interwar houses on tree-lined streets to modern apartments and townhouses nearer the centre, giving the suburb an established but varied residential character.

The community of 9,248 people has a median age of 44 and a median household income of $2,068 a week. Owner-occupation is the norm, though about a third of homes are rented, and the suburb attracts families, professionals and downsizers. Recent and planned local projects include station upgrades to support increased rail services, the town library operating from the Bay View Community Centre, and improvements and master planning for the aquatic centre, parkland and showground precinct, all supporting the strong local amenities and easy access to green space. Whether Claremont suits you depends on whether that mix matches what you want in a suburb.

Buying looks especially stretched in Claremont 6010 against local incomes at the last Census. A median house of $2,310,000 is about 21.5 times a typical local annual household income at the last Census, and a median unit of $1,085,000 is about 10.1 times that income. Renting is less extreme but still significant: a house rent of $1,100 a week would take roughly 53% of a typical local household's weekly income at the last Census (a large share), while a unit rent of $750 a week would take about 36% (a sizeable share). On these figures, buying is markedly more stretched against local incomes than renting.

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

House values in Claremont climbed 25.9% over the past 12 months, a strong rise. Unit values also increased, up 12.8% for the year, a strong gain but smaller than the lift in house prices. House rents rose 10.0% over the same period, another strong increase.

For someone weighing Claremont up as an investment, the value figures indicate capital growth over the year and show houses outperforming units on price movement, while the house rent change is the figure that relates to rental income. Whether that combination suits your objectives and circumstances is for you to decide.

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.