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Coolbinia suburb profile

Coolbinia is a serene and leafy suburb located just 6km north of Perth's CBD, known for its tranquil residential atmosphere and community-focused lifestyle. The suburb is characterized by its wide, tree-lined streets and a mix of charming character homes and modern residences. Coolbinia offers easy access to local amenities, including parks, schools, and shopping centers, making it an ideal location for families and professionals. Its proximity to the vibrant cultural and dining scenes of nearby suburbs adds to its appeal, providing residents with a peaceful retreat without sacrificing urban conveniences.

Coolbinia property market performance

Coolbinia’s property market has experienced a significant increase in house values over the past 12 months, with a remarkable 31.2% growth. However, the median house price remains at $0, indicating a lack of recent sales data. Unit values have remained stable with no change, and the median unit price is also at $0, reflecting limited market activity.

Sales activity has been minimal, with only 3 houses and 2 units sold over the last 12 months. Houses are selling relatively quickly, with a median of 20 days on the market, while there is no data available for units, suggesting very low turnover in the unit market.

The rental market in Coolbinia has shown positive growth, with house rents increasing by 8.3% and unit rents by 11.1% over the last 12 months. The average rent for houses is $975, while units average $600, indicating a strong demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
33.3%N/A
Sold
Past 3 months
61
Median days on market
Past 12 months
13N/A
Average rent
Past 12 months
$990$625
Change in rent
Past 12 months
10.0%15.7%

5 year median price trend for houses and units

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Coolbinia demographics

Coolbinia, a serene suburb located in Perth, Western Australia, is characterized by its leafy streets and family-friendly atmosphere. With a population of 1,751, it offers a close-knit community feel, making it an ideal location for families and those seeking a peaceful lifestyle. The median age of 40 suggests a mature community, with many residents likely to be established professionals or families enjoying the suburb's tranquil environment.

The suburb's housing landscape is predominantly owner-occupied, with 42% of properties owned outright and 42.5% owned with a mortgage. This high level of home ownership reflects the stability and long-term commitment of its residents to the area. Only 15.6% of properties are rented, indicating a preference for permanent residency over transient living arrangements.

Family life is a significant aspect of Coolbinia, with 59.7% of households being couple families with children, and 31% being couple families without children. This demographic composition highlights the suburb's appeal to both growing families and couples who appreciate the suburb's quiet charm. The median total household income of $3,229 per week suggests a relatively affluent community, likely benefiting from the suburb's proximity to Perth's amenities while enjoying a suburban lifestyle.

Suburbs near Coolbinia

Some popular suburbs near Coolbinia include:

  • Yokine: Known for its spacious parks and golf course, Yokine is located directly north of Coolbinia.
  • Joondanna: Featuring a mix of older homes and new developments, Joondanna is situated to the northwest of Coolbinia.
  • Mount Hawthorn: Renowned for its vibrant café culture and boutique shopping, Mount Hawthorn lies to the southwest of Coolbinia.
  • Menora: Known for its quiet, tree-lined streets and heritage homes, Menora is located directly south of Coolbinia.
  • North Perth: Offering a lively arts scene and diverse dining options, North Perth is situated to the southwest of Coolbinia.

How does Coolbinia compare to nearby suburbs?

  • Median house prices: Coolbinia’s median house price is 54.3% higher than Yokine’s.
  • House price growth: Over the past 12 months, house prices in Coolbinia have grown 5.1% higher than in Yokine.
  • Selling speed for houses: Properties in Coolbinia are selling 35.0% faster than in Menora.
  • Investment considerations: In Coolbinia, the rental yield for house is 29.2% higher than the Perth average, while the rental yield for units is 10.4% lower.
  • House price growth: Over the past 12 months, house prices in Coolbinia have grown 96.9% higher than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Coolbinia have grown 10.2% lower than the average rate of growth for units across Perth.

Choose the right real estate agents in Coolbinia

There are 22 real estate agents in Coolbinia, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 50.0% of all sales in the past year.

Commission rates in Coolbinia typically range from 1.5% to 2.79%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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