Question 1

Is Kinross a nice place to live?

Accepted Answer

Kinross is a family-oriented residential suburb in Perth's northern suburbs, within the Joondalup area. It began as a planned estate and is characterised by quiet, tree-lined streets of modern single-storey brick homes and neat lawns. The suburb centres on a compact shopping precinct and community facilities and has a network of parks, playgrounds and walking paths that link wetlands and ponds. Residents enjoy easy access to the coastal reserves at Burns Beach, regional services in Joondalup, the Currambine train station and the nearby freeway.

With a population of 6,988, a median age of 38 and a median household income of $2,239 a week (about $116,428 a year), Kinross is dominated by families and is largely owner-occupied, with around five in six homes owned outright or with a mortgage. Kinross Primary School and Kinross College serve the area and there are no significant new infrastructure projects reported at this time. That mix tends to suit families and first-home buyers seeking a suburban lifestyle close to the coast; whether it fits you depends on what you want from a neighbourhood.

Question 2

Is it expensive to live in Kinross?

Accepted Answer

Buying a house in Kinross sits well above local incomes as recorded at the last Census. A $1,100,000 median house price is about 9.4 times a typical local household's annual income at the last Census, which places buying well above what people locally earned then. Renting a house at around $800 a week would take about 35.7% of that typical household's weekly income, a sizeable share. For renters the weekly rent share is the most directly relevant figure, while the price multiple is the key measure for buyers.

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 Kinross a good place to invest?

Accepted Answer

House values in Kinross climbed 19.4% over the past 12 months, a strong rise in what houses are worth. House rents rose 6.7% over the same period, a solid increase in rental income. Put another way, capital growth on houses has been the stronger performer this year compared with the rent those houses earn.

If rental income is your priority, the 6.7% rise is the figure that matters; if capital growth is your focus, the 19.4% increase is the one to note. Whether that pattern makes Kinross the right investment for you 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	$1.10M	N/A
Change in value Past 12 months	19.4%	N/A
Sold Past 3 months	20	1
Median days on market Past 12 months	7	N/A
Average rent Past 12 months	$800	N/A
Change in rent Past 12 months	6.7%	N/A

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