Question 1

Is Maida Vale a nice place to live?

Accepted Answer

Maida Vale is an established eastern suburb of Perth with quiet streets and generous backyard space. Housing is largely low-density, mostly single-storey brick homes on mid to large blocks, with a steady thread of renovations and newer infill. Local parks, sports ovals and a small shopping precinct cover everyday needs, while larger retail and services are close by. Straightforward road and bus connections and easy access to nearby bushland make it practical for commuters and for weekend walking and recreation.

The community of 4,499 people has a median age of 42 and is dominated by families, and most homes are owner-occupied (87.4%). The suburb is the focus of a reserve master plan and the Norm Sadler Pavilion is being upgraded with new changerooms, a first aid room, storage and improved social facilities. Part of Maida Vale South has been rezoned to urban and will require a local structure plan before development proceeds.

Question 2

Is it expensive to live in Maida Vale?

Accepted Answer

House rents in Maida Vale are about $760 a week. Against the suburb's median total household income of $1,977 a week as recorded at the most recent Census, that rent would take about 38.4% of a typical local household's weekly income, which is a sizeable share. If you're renting rather than buying, that rent share is the number that matters; whether it feels expensive depends on your own income and circumstances.

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 Maida Vale a good place to invest?

Accepted Answer

Over the past 12 months house values in Maida Vale rose 6.6% while the rents those houses earned increased 8.6%. Both moves sit in the solid growth band, with rents rising a little faster than values so rental income outpaced capital growth for houses this year.

If rental return is your focus, the 8.6% rise in house rents is the number that matters. If capital growth is your priority, look to the 6.6% change in house values. What that means for you will depend on your 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	N/A	N/A
Change in value Past 12 months	6.6%	N/A
Sold Past 3 months	7	N/A
Median days on market Past 12 months	8	N/A
Average rent Past 12 months	$760	N/A
Change in rent Past 12 months	8.6%	N/A

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