Question 1

Is Hillarys a nice place to live?

Accepted Answer

Hillarys is a delightful coastal suburb that offers a serene and picturesque lifestyle, making it a wonderful place to call home. Known for its stunning beaches and vibrant community, Hillarys provides a relaxed yet connected atmosphere that appeals to a wide range of residents. The suburb's charm lies in its blend of modern and established homes, nestled within a community that values stability and comfort. Families, in particular, find Hillarys appealing due to its excellent schools, parks, and recreational facilities, which contribute to a family-friendly environment.

The suburb's vibe is characterized by its coastal lifestyle and strong community spirit. Hillarys is renowned for its vibrant marina, which serves as a hub for dining, shopping, and entertainment, offering residents plenty of options for leisure and social activities. The proximity to Perth's CBD, coupled with strong public transport links, ensures that residents have easy access to urban amenities while enjoying the tranquility of coastal living.

Safety is generally not a major concern in Hillarys, contributing to its appeal as a family-oriented suburb. However, the trade-off for living in such a desirable location can be the higher property prices, which reflect the suburb's affluent nature. While Hillarys may not offer the bustling nightlife of inner-city areas, it compensates with its beautiful natural surroundings and a strong sense of community. For those seeking a balance of coastal charm and urban convenience, Hillarys is a fantastic choice.

Question 2

Is it expensive to live in Hillarys?

Accepted Answer

Living in Hillarys can be quite expensive, especially when you consider the property market. The median house price in this coastal suburb is around $1,780,000, which is significantly higher compared to many other areas within the Perth metro. If you're thinking of renting, houses average about $900 per week, while units, although less common, average around $778 per week.

When you compare this to the average wage in Greater Perth, which is approximately $85,000 annually, it's clear that a significant portion of one's income would be needed to cover housing costs in Hillarys. The median total household income weekly in Hillarys is $2,465, which suggests that while many residents may have higher earnings, the cost of living, particularly in housing, is still quite high.

Overall, if you're considering living in Hillarys, you'll need to weigh the benefits of its beautiful coastal location and lifestyle against the substantial financial commitment required. It's a lovely place to live, but ensuring your budget can accommodate the expenses is crucial.

Question 3

Is Hillarys a good place to invest?

Accepted Answer

Hillarys is shaping up to be a promising spot for property investment, especially if you're eyeing the housing market. Over the past year, the suburb has seen a significant 13.6% increase in median house values, indicating strong capital growth potential. This uptick suggests that demand for houses in Hillarys is on the rise, making it an attractive option for those looking to invest in a suburb with upward momentum.

While the median unit values have remained stable with no change over the last 12 months, the rental market for units has experienced a notable 11.1% increase. This suggests a growing demand for rental properties, which could be appealing if you're considering an investment that provides steady rental income. The rental market for houses has also seen a healthy 5.9% increase, further highlighting the suburb's appeal to renters.

Overall, Hillarys offers a balanced mix of capital growth and rental yield potential, particularly for houses. Its coastal location and lifestyle amenities add to its desirability, making it a solid choice for investors seeking both long-term appreciation and rental income opportunities. With its strong performance in the housing market and rising rental demand, Hillarys stands out as a suburb worth considering for property investment.

	Houses	Units
Median price Past 3 months	$2.08M	N/A
Change in value Past 12 months	21.4%	N/A
Sold Past 3 months	21	3
Median days on market Past 12 months	12	N/A
Average rent Past 12 months	$900	$780
Change in rent Past 12 months	5.9%	8.3%

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