Question 1

Is Lesmurdie a nice place to live?

Accepted Answer

Lesmurdie sits in the Perth Hills around the Lesmurdie Falls reserve, with walking trails and lookouts over the Swan Coastal Plain. It has a relaxed, semi-rural feel, with predominantly low-density single-house lots on sloping streets and established gardens and homes making the most of the outlook. It attracts people who value outdoor recreation and quieter neighbourhoods, while nearby Kalamunda supplies cafes, shops and a weekend market for additional amenities.

The suburb is home to 8,413 people with a median age of 44, and owner-occupiers predominate, with 89.9% of homes owner-occupied. Everyday needs are met by local shops and schools, public buses link to the hills centre and the city, and there has been recent investment in schools and community sporting facilities, including a substantial primary school redevelopment and upgrades at the high school and Ray Owen Reserve. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Lesmurdie?

Accepted Answer

In Lesmurdie, a median house price of $1,370,000 works out to about 12.6 times a typical local household's annual income at the last Census, which places buying a house well above what people locally earned at that Census.

A house rent of $765 a week would take roughly 36.7% of a typical local household's weekly income at the last Census, a sizeable share of income. That rent share is the more relevant number if you are looking at renting rather than buying, while the price multiple shows how far purchase sits above local incomes recorded at the last Census.

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 Lesmurdie a good place to invest?

Accepted Answer

House values climbed a strong 16.3% over the past year in Lesmurdie, while house rents rose a solid 9.3% over the same period. In other words, capital growth on houses outpaced the rise in the rent those houses earn this year.

If capital growth is your priority, the 16.3% rise is the headline figure; if you care more about rental income, the 9.3% increase in house rents is the one to watch. Whether that balance fits your needs depends on your personal 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	$1.37M	N/A
Change in value Past 12 months	16.3%	N/A
Sold Past 3 months	25	N/A
Median days on market Past 12 months	11	N/A
Average rent Past 12 months	$765	N/A
Change in rent Past 12 months	9.3%	N/A

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