Question 1

Is Floreat a nice place to live?

Accepted Answer

Floreat is a leafy, established suburb in Perth's inner west, with broad, tree-lined streets. Housing is largely mid-century bungalows and brick cottages, many sympathetically renovated or replaced by contemporary family homes, and properties often have generous gardens. It is home to 8,621 people and has a median age of 42. Families dominate the mix and owner-occupiers make up 87.6% of dwellings. Local life centres on Floreat Forum, nearby sporting ovals and Perry Lakes Reserve, with straightforward road and bus links to the city and easy access to the coast.

Precinct planning is under way for the Floreat Activity Centre, and recent civic works include upgrades to the Surf Life Saving Club and Sydney Cheek Pavilion, a Perry Lakes water replenishment scheme, and an underground power project that converted 273 properties to underground supply. If you want an established, family-weighted suburb with gardens, parks, local shops and easy connections to the city and coast, Floreat sets out that mix; whether it suits you depends on your priorities.

Question 2

Is it expensive to live in Floreat?

Accepted Answer

Buying in Floreat sits well above what local households earned at the last Census. At a median house price of $2,501,000, that works out to about 13.5 times a typical local annual household income at the last Census. By contrast, rents take a smaller share of local income: the average house rent of $1,250 a week is about 35.0% of a typical local household's weekly income at the last Census, a sizeable share, while the average unit rent of $830 a week is about 23.2%, a moderate share.

So, against local incomes as recorded at the most recent Census, renting looks the more manageable option than buying. Whether that feels expensive will depend on your own income and 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 Floreat a good place to invest?

Accepted Answer

One striking change in Floreat over the past year is that house rents jumped 25.0%, while unit rents edged up only 1.2%. If rental income is your focus, the movement in house rents is the clearer signal on what happened over the 12 months.

On the capital growth side, unit values rose 22.8% and house values increased 10.2% over the same period, so units led on price growth while houses led on rental growth. Which of those outcomes matters to you will depend on whether you prioritise capital growth or rental income.

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	$2.50M	N/A
Change in value Past 12 months	10.2%	22.8%
Sold Past 3 months	21	4
Median days on market Past 12 months	12	11
Average rent Past 12 months	$1250	$830
Change in rent Past 12 months	25.0%	1.2%

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