High Wycombe suburb profile
High Wycombe is a suburban area located in the eastern part of Perth, Western Australia, known for its family-friendly environment and convenient amenities. Situated approximately 18km from the Perth CBD, it offers a mix of residential properties, including modern homes and established houses. The suburb is well-served by public transport and is in close proximity to the Perth Airport, making it an attractive location for frequent travelers. High Wycombe features several parks and recreational facilities, contributing to a relaxed lifestyle. Its growing infrastructure and community-focused atmosphere make it a desirable place for families and professionals alike.
High Wycombe property market performance
High Wycombe's property market has experienced significant growth over the past 12 months, with house values increasing by 21.6% and unit values surging by 30.6%. The current median house price stands at $711,000, while the median unit price is $405,375, indicating strong demand across both property types.
Sales activity has been robust, with 47 houses sold in the past 12 months, although only 1 unit was sold, suggesting limited supply in the unit market. Properties are moving quickly, with houses spending a median of just 9 days on the market and units 8 days, reflecting high buyer interest.
The rental market in High Wycombe has also seen notable changes, with house rents increasing by 18.2% and unit rents rising by 5.5% over the last 12 months. The average rent for houses is $650, while units average $580, highlighting a strong rental demand in the area.
Median price - houses$711KPast 3 months
Median price - units$405KPast 3 months
Change in value - houses21.6%12 months
Change in value - units30.6%12 months
Houses sold47Past 3 months
Units sold1Past 3 months
Median DOM - houses9Past 12 months
Median DOM - units7.5Past 12 months
Average rent - houses$650Past 12 months
Average rent - units$580Past 12 months
Change in rent - houses18.2%Past 12 months
Change in rent - units5.5%Past 12 months
High Wycombe demographics
High Wycombe, located in the eastern suburbs of Perth, is a family-friendly area known for its suburban charm and community-oriented lifestyle. With a population of 12,198 and a median age of 38, the suburb is home to a mix of families, professionals, and retirees who appreciate its balance of tranquility and accessibility to the city. The median total household income of $1,758 per week reflects a comfortable standard of living, making it an attractive option for those seeking a suburban lifestyle with city conveniences.
The suburb's housing market is characterized by a high rate of home ownership, with 30.2% of properties owned outright and 47.2% owned with a mortgage. This indicates a stable community with many long-term residents. Rental properties make up 22.6% of the housing market, offering options for those who prefer flexibility. The family-oriented nature of High Wycombe is evident, with 41.4% of households being couple families with children, and 37.4% being couple families without children, highlighting its appeal to both growing families and empty nesters.
High Wycombe's community is diverse, with one-parent families accounting for 19.5% of households, and other family types making up 1.7%. The suburb offers a range of amenities, including parks, schools, and shopping centers, catering to the needs of its residents. Its proximity to Perth Airport and major transport routes makes it a convenient location for commuters. Overall, High Wycombe provides a welcoming environment for families and individuals seeking a peaceful yet connected suburban lifestyle.
High Wycombe infrastructure, key developments and investment opportunities
High Wycombe is experiencing significant infrastructure developments that are likely to impact its property market. The recently opened High Wycombe railway station, part of the new Airport Line, has greatly improved connectivity to Perth CBD and the airport, with travel times of just 20 minutes. This enhanced public transport access is expected to boost property demand and values in the area.
Additionally, the suburb is seeing ongoing residential growth, particularly in estates like Jacaranda Springs. The local shopping precinct has expanded with two new shopping centers, improving amenities for residents. These developments, combined with High Wycombe's strategic location near the airport and major highways, are enhancing its appeal for both homebuyers and investors, potentially driving further property market growth in the coming years.
High Wycombe rental market trends
The rental market in High Wycombe has experienced notable growth, with house rents increasing by 18.2% over the past year to $650 per week, while unit rents have seen a more modest rise of 5.5% to $580 per week. This suburb's strategic location and ongoing development make it an attractive option for both renters and investors seeking promising returns in a burgeoning area.
Suburbs near High Wycombe
Some popular suburbs near High Wycombe include: