Question 1

Is Cottesloe a nice place to live?

Accepted Answer

Cottesloe is a classic Perth beachside suburb centred on the wide sandy sweep of Cottesloe Beach and its grassy foreshore, where swimming, surfing and sunset gatherings shape daily life. The beachfront parade with cafés, surf shops, the Indiana Tea House and a beachfront hotel creates a village atmosphere, while quieter streets behind the foreshore contain period villas, weatherboard cottages and apartments. It attracts beach-oriented families, professionals and retirees; the median age is 44 and most homes are owner-occupied.

Regular Fremantle line train services and easy access to Fremantle and the city make travel easy, and local projects under way include a foreshore revitalisation with terraced seating and an event plaza, widened footpaths, traffic calming and improved universal beach access. The town operates a seasonal eco shark barrier, has a skate park and a proposed redevelopment of the heritage-listed Deaf School for aged-care and seniors living. Whether Cottesloe suits you comes down to what you want from a beachside suburb.

Question 2

Is it expensive to live in Cottesloe?

Accepted Answer

Buying a house in Cottesloe 6011 sits well above local incomes: the median house price is $3,355,000, which is about 19.3 times a typical local household's annual income as recorded at the last Census. That multiple puts buying well above what households in the area earned at the last Census.

Renting looks less stretched by comparison. A house rent of $1,250 a week would take about 37.3% of a typical local household's weekly income at the last Census (a sizeable share), while a unit rent of $800 a week would take about 23.9% (a moderate share). On the figures, buying is considerably more stretched against local incomes than renting; whether that feels expensive depends 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 Cottesloe a good place to invest?

Accepted Answer

Unit values in Cottesloe climbed 27.3% over the past 12 months, a strong rise, while median house values rose a solid 8.2%. That makes unit capital growth the standout movement in the suburb over the year.

Rents also increased: house rents were up 6.4% and unit rents up 6.7%, both solid gains. Put simply, both property types delivered similar rental growth, but units showed much larger price appreciation this year. Whether that mix of capital growth and rental income fits your aims depends on your own goals and circumstances.

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	$3.35M	N/A
Change in value Past 12 months	8.2%	27.3%
Sold Past 3 months	26	8
Median days on market Past 12 months	24	20
Average rent Past 12 months	$1250	$800
Change in rent Past 12 months	6.4%	6.7%

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