Question 1

Is Highgate a nice place to live?

Accepted Answer

Highgate is a delightful suburb that offers a fantastic blend of urban convenience and historical charm, making it a wonderful place to call home. Its vibrant atmosphere is complemented by tree-lined streets and heritage buildings, creating a picturesque setting that appeals to both families and young professionals. The suburb's proximity to Perth's CBD ensures easy access to a wide range of amenities, including shopping, dining, and entertainment options, while the nearby Hyde Park provides a serene escape for those who enjoy green spaces.

Families will find Highgate particularly appealing due to its strong community spirit and excellent schooling options, such as Highgate Primary School and Sacred Heart Primary School. The suburb's cultural vibrancy is reflected in its diverse population and lively events, contributing to a rich community fabric that supports a balanced lifestyle. Safety is generally not a major concern, and the suburb's walkability and public transport links make it easy to navigate without a car.

However, living in Highgate does come with some trade-offs. The high demand for rental properties can make the housing market competitive, and the vibrant nightlife may not suit those seeking a quieter environment. Additionally, while the suburb offers a unique blend of heritage and modern living, property prices can be on the higher side due to its desirable location. Despite these considerations, Highgate remains a sought-after suburb for those who appreciate a lively, community-focused lifestyle with easy access to the city.

Question 2

Is it expensive to live in Highgate?

Accepted Answer

Living in Highgate, an inner-city suburb of Perth, can be quite costly, especially when it comes to housing. The median house price is around $1,048,000, and for units, it's about $746,000. These figures are on the higher side compared to many other suburbs in Perth, reflecting Highgate's desirable location and vibrant lifestyle.

If you're considering renting, the average rent for houses is approximately $750 per week, while units go for about $650 weekly. These rental prices are relatively high, indicating a significant portion of income would be needed to cover housing costs. The median total household income in Highgate is $1,852 per week, which is slightly above the average full-time wage in Perth of $95,000 per year. This suggests that while the income levels are decent, the cost of housing could still stretch the budget for many residents.

Overall, Highgate offers the perks of city living with its proximity to Perth's central business district and a lively atmosphere. However, the expense associated with living here, particularly in terms of property and rent, means that careful financial planning is essential for those considering making Highgate their home.

Question 3

Is Highgate a good place to invest?

Accepted Answer

Highgate presents an intriguing opportunity for property investors, particularly those interested in units. Over the past 12 months, the suburb has seen a remarkable 36.7% increase in median unit values, indicating a strong demand and potential for capital growth in this segment. This surge suggests that Highgate is becoming increasingly popular, possibly due to its vibrant lifestyle and proximity to Perth's city center, making it attractive to young professionals and students.

While the median house values have remained stable with no change over the past year, the rental market tells a different story. Rental prices for units have jumped by 14%, reflecting a robust demand for rental properties, which is a positive sign for investors seeking reliable rental income. Houses have also seen a modest 3% increase in rent, suggesting steady demand in the housing rental market as well.

Overall, Highgate offers a compelling case for investment, especially in the unit market. The combination of significant capital growth in unit values and strong rental demand makes it a suburb worth considering for those looking to invest in a dynamic and evolving area. With its central location and appealing lifestyle, Highgate is well-positioned to continue attracting both renters and buyers, providing a promising outlook for future investment returns.

	Houses	Units
Median price Past 3 months	N/A	$617K
Change in value Past 12 months	0.3%	38.9%
Sold Past 3 months	9	14
Median days on market Past 12 months	9	7
Average rent Past 12 months	$785	$650
Change in rent Past 12 months	12.1%	8.3%

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