Question 1

Is Coolbinia a nice place to live?

Accepted Answer

Coolbinia is an inner-northern Perth suburb with a quietly residential, leafy feel. Tree-lined streets of interwar and post-war brick and weatherboard cottages sit beside pockets of contemporary infill and renovated homes. Its compact neighbourhood, small reserves and sporting grounds support a relaxed outdoor lifestyle, and the suburb is close to the café scene and shops of neighbouring Mount Lawley. Regular bus services and nearby arterial roads make commuting straightforward.

Home to 1,751 people with a median age of 40, Coolbinia is largely family-based, with about three in five households being couple families with children and 84.5% owner-occupied. Local schooling has seen investment at Sir David Brand School with improved learning spaces, new classrooms and on-site special-education services, and nearby Osborne Park Hospital is being upgraded with added birthing, neonatal and midwifery capacity that will serve the area. Whether it suits you depends on whether you want a compact, established suburb near Mount Lawley's shops and cafes.

Question 2

Is it expensive to live in Coolbinia?

Accepted Answer

House rents in Coolbinia run to about $925 a week, which would take roughly 28.7% of a typical local household's weekly income at the last Census, a bit under a third. Unit rents of about $625 a week would take roughly 19.4% of that same income, or just under a fifth. On these figures, renting a house sits more stretched against local incomes at the last Census than renting a unit; whether either feels expensive will depend on your own circumstances.

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 Coolbinia a good place to invest?

Accepted Answer

Over the past year in Coolbinia, median house values rose 9.3%, a solid increase, while house rents increased 2.8%, a modest rise. Unit rents jumped 16.8% over the same period, a strong rise and markedly faster than the change in house rents, so rents for units were the stronger performer this year.

The figures show stronger capital growth on the house side over the year, while units produced the larger rent gains; whether that balance suits your goals 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.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	9.3%	N/A
Sold Past 3 months	6	1
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$925	$625
Change in rent Past 12 months	2.8%	16.8%

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