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Leederville suburb profile

Leederville is a vibrant inner-city suburb of Perth, Western Australia, located just 3km from the CBD. Known for its eclectic mix of cafes, restaurants, and boutique shops, it offers a lively atmosphere that attracts a diverse community of residents and visitors. The suburb is characterized by its charming streetscapes, featuring a blend of heritage buildings and modern developments. Leederville's central location provides excellent access to public transport, making it a convenient base for professionals and students. With its thriving arts scene and community events, Leederville is a dynamic and sought-after destination for those seeking an urban lifestyle with a creative edge.

Leederville property market performance

Current median dwelling price$1,190,000Past 3 months

Property growth+26.2%Past 12 months

Leederville’s property market has experienced significant growth over the past 12 months, particularly in the housing sector. House values have surged by 36.1%, with the median house price reaching $1.78 million. In contrast, unit values have seen a more modest increase of 11.5%, although the median unit price is currently unavailable.

Sales activity has been relatively low, with 14 houses and 8 units sold over the past 12 months. However, properties are moving quickly, with houses spending a median of just 11 days on the market and units 9 days, indicating strong demand.

The rental market in Leederville has also seen notable increases, with house rents rising by 13.3% to an average of $850, and unit rents increasing by 7.7% to $700, reflecting a robust rental demand in the area.

HousesUnits
Median price
Past 3 months
$1.68MN/A
Change in value
Past 12 months
39.2%13.1%
Sold
Past 3 months
155
Median days on market
Past 12 months
128
Average rent
Past 12 months
$850$700
Change in rent
Past 12 months
13.3%7.7%

5 year median price trend for houses and units

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Leederville demographics

Leederville, a vibrant suburb located just a few kilometers from Perth's city center, is renowned for its eclectic mix of cafes, restaurants, and boutique shops. With a population of 3,686, Leederville offers a lively urban lifestyle while maintaining a close-knit community feel. The median age of 35 suggests a balanced demographic of young professionals, families, and long-term residents who appreciate the suburb's dynamic atmosphere and convenient access to both work and leisure activities.

Housing in Leederville is diverse, with a significant portion of properties being rented, accounting for 44.8% of the housing market. This high rental rate reflects the suburb's appeal to those seeking flexible living arrangements, including students and young professionals. Meanwhile, 23% of properties are owned outright, and 32.2% are owned with a mortgage, indicating a stable housing market with opportunities for both new buyers and established homeowners.

Family structures in Leederville are varied, with couple families without children making up 55% of the households, while couple families with children account for 30.3%. One-parent families represent 12.1% of the community, adding to the suburb's diverse family dynamics. The area's vibrant cultural scene, combined with its proximity to Perth's CBD, makes Leederville an attractive destination for those seeking a blend of urban excitement and suburban comfort.

Leederville infrastructure, key developments and investment opportunities

Leederville continues to benefit from its proximity to major inner-city infrastructure and amenity upgrades along the Oxford Street and Vincent Street corridors, with an ongoing focus on mixed-use and higher-density residential projects that enhance its walkable, café-oriented lifestyle. Incremental redevelopment of older commercial stock into modern apartments and townhouses is gradually increasing housing supply, which may support long-term price growth while offering more choice for downsizers and young professionals.

Nearby activity around West Leederville and the broader inner-north, including infill apartment projects and improved connectivity to employment hubs, is strengthening the appeal of Leederville for city commuters and renters. Local council planning continues to encourage transit-oriented development near train and bus links, which is likely to underpin buyer demand and rental interest as the area becomes increasingly attractive for car-light, urban living.

Leederville rental market trends

The rental market in Leederville has experienced notable growth, with house rents increasing by 13.3% over the past year to $850 per week, while unit rents have risen 7.7% to $700 per week. With its vibrant community and proximity to Perth's city center, Leederville continues to attract both renters and investors seeking a dynamic urban lifestyle.

Suburbs near Leederville

Some popular suburbs near Leederville include:

How does Leederville compare to nearby suburbs?

  • Median house prices: Leederville’s median house price is 10.9% higher than North Perth’s.
  • Median unit prices: Leederville’s median unit price is 24.2% higher than West Leederville’s.
  • House price growth: Over the past 12 months, house prices in Leederville have grown 24.7% higher than in West Leederville.
  • Unit price growth: Property prices in nearby West Leederville have risen 23.5% more than in Leederville over the past year.
  • Selling speed for houses: Properties in Leederville are selling 33.3% faster than in West Perth.
  • Selling speed for units: Properties in Leederville are selling 27.3% faster than in West Leederville.
  • Investment considerations: In Leederville, the rental yield for house is 11.0% higher than the Perth average, while the rental yield for units is 5.6% higher.
  • House price growth: Over the past 12 months, house prices in Leederville have grown 51.5% higher than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Leederville have grown 3.2% higher than the average rate of growth for units across Perth.

Common questions about Leederville

  • Is Leederville a nice place to live?

    Leederville is a delightful suburb that offers a fantastic blend of urban excitement and suburban comfort, making it a wonderful place to call home. Its vibrant atmosphere is complemented by a strong sense of community, making it appealing to a diverse range of residents, including families. The suburb is known for its charming streetscapes, which feature a mix of heritage buildings and modern developments, creating a unique and inviting environment. With a thriving arts scene and a host of community events, Leederville is a dynamic place that fosters creativity and connection among its residents.

    Families will find Leederville particularly attractive due to its proximity to excellent amenities, including schools, parks, and recreational facilities. The suburb's central location ensures easy access to public transport, making it convenient for commuting professionals and students alike. While Leederville offers a lively urban lifestyle, it also provides plenty of green spaces where families can relax and enjoy outdoor activities. Safety is generally not a major concern, contributing to the suburb's appeal as a family-friendly destination.

    However, living in Leederville does come with some trade-offs. The vibrant nightlife and bustling atmosphere can lead to noise, particularly on weekends, which might not suit those seeking a quieter lifestyle. Additionally, the popularity of the area means that property prices can be on the higher side, and parking can sometimes be a challenge. Despite these considerations, the suburb's eclectic mix of cafes, restaurants, and boutique shops, along with its creative edge and community spirit, make Leederville a highly desirable place to live for those who appreciate an energetic and culturally rich environment.

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  • Is it expensive to live in Leederville?

    Living in Leederville is on the pricier side, especially when it comes to housing. The median house price in this vibrant inner suburb is around $1,775,000, which is quite high compared to many other areas in Perth. For those considering renting, the average rent for houses is $850 per week, while units, although not currently available for sale, have an average rent of $700 per week.

    When we compare these figures to the average wage in Perth, which is approximately $90,000 per year, it becomes clear that a significant portion of one's income would go towards housing costs in Leederville. The median total household income in the suburb is $2,316 per week, which suggests that while some households may find it manageable, others might feel the financial strain of living in such a sought-after location.

    Leederville offers a lively atmosphere with its cafes, restaurants, and proximity to the city, making it an attractive place to live. However, if you're thinking of living in Leederville, it's important to weigh the costs and ensure your financial situation can accommodate the higher expenses associated with this desirable suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Leederville a good place to invest?

    Leederville is definitely a suburb worth considering for investment. Over the past 12 months, the median house value has skyrocketed by an impressive 36.1%, indicating strong demand and a vibrant property market. This kind of growth suggests that the area is becoming increasingly popular, likely due to its appealing lifestyle and proximity to key amenities. Even units have seen a healthy increase in value, with an 11.5% rise, showing that there's interest across different types of properties.

    On the rental side, Leederville is also showing promising signs. House rents have increased by 13.3%, and unit rents have gone up by 7.7% over the last year. This suggests a robust rental market, which is great news for investors looking for steady rental income. The combination of rising property values and rental prices indicates a strong demand from both buyers and renters, making Leederville a compelling choice for those looking to invest in real estate.

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Choose the right real estate agents in Leederville

Currently, there are 54 real estate agents working in Leederville—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 54 agents sold 35.2% of all properties in Leederville over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Leederville typically charge a commission of 1.5% to 2.79%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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