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Claremont is a delightful suburb that offers a harmonious blend of lifestyle, convenience, and community spirit, making it a fantastic place to live. Known for its charming streets lined with well-preserved historic architecture, Claremont exudes a sophisticated yet welcoming vibe. The suburb is a haven for families, thanks to its excellent educational institutions and abundance of lush parks and recreational facilities. The vibrant Claremont Quarter shopping precinct provides a variety of retail, dining, and entertainment options, ensuring residents have everything they need right at their doorstep.

Safety and a strong sense of community are hallmarks of Claremont, making it an appealing choice for families and retirees alike. The suburb's proximity to the Swan River offers picturesque views and opportunities for leisurely strolls or picnics by the water. While Claremont is not the most affordable suburb, its prestigious reputation and high-quality amenities justify the investment for those seeking an upscale lifestyle. The trade-off for living in such a desirable area may be the higher property prices, but the benefits of residing in a stable and established community are significant.

Claremont's convenient access to public transport, including frequent train and bus services, ensures easy connectivity to the city center and beyond. While the suburb may not offer the bustling nightlife of inner-city areas, its focus on family-friendly activities and community events creates a warm and inviting atmosphere. Overall, Claremont is a wonderful place to call home, offering a peaceful yet vibrant environment that caters to a diverse range of residents.

Living in Claremont can be quite pricey, especially when you consider the current property market. The median house price in Claremont is a substantial $2,025,000, which is significantly higher than many other suburbs in Western Australia. If you're looking at units, the median price is $598,000, which is still on the higher side compared to the state average. Renting in Claremont also requires a considerable budget, with house rents averaging $1,000 per week and units around $725 weekly.

In terms of income, the median total household income in Claremont is $2,068 per week. While this might seem like a healthy figure, the high property prices and rental costs mean that a significant portion of income would likely go towards housing expenses. Compared to the average wage data for Western Australia, Claremont's income levels are relatively high, which aligns with the suburb's premium real estate market.

Overall, if you are thinking of living in Claremont, it's important to consider the financial implications. The suburb offers a desirable lifestyle with its proximity to Perth, quality schools, and amenities, but this comes at a cost. It's essential to evaluate whether your financial situation can comfortably accommodate the expenses associated with living in this affluent area.

Claremont presents an intriguing opportunity for property investors, particularly those interested in the rental market. Over the past year, the suburb has seen a significant 9.6% increase in median house values, indicating strong demand and potential for capital growth. While the median unit value has remained stable, the rental market for units has experienced a remarkable 20.8% increase, suggesting a surge in demand for rental properties. This makes units in Claremont particularly attractive for investors seeking strong rental yields.

The suburb's appeal is further enhanced by its desirable location and lifestyle offerings. Claremont is known for its vibrant community, excellent schools, and proximity to both the city and the coast, making it a sought-after area for families and professionals alike. The modest 3.8% increase in house rents suggests a steady demand for family homes, providing a reliable rental income stream for investors.

Overall, Claremont offers a balanced investment opportunity with potential for both capital growth and strong rental returns, especially in the unit market. Its combination of lifestyle appeal and solid market performance makes it a compelling choice for those looking to invest in a suburb with both stability and growth potential.