Question 1

Is Myaree a nice place to live?

Accepted Answer

Myaree is an established inner-southern suburb in Perth’s City of Melville, with quiet, tree-lined streets and a mix of mid-century brick homes and recent infill townhouses. A commercial and light-industrial strip along Leach Highway supports trades, small businesses and everyday shopping, while pocket parks, playgrounds and sports ovals provide local recreation. Practical road connections and regular bus services put larger shopping and employment centres within easy reach, and the coast is accessible by car.

The community of 2,105 people has a median age of 42 and is weighted towards couple families, and about four in five homes are owner-occupied. A Myaree Business Area master plan sets a long-term vision for the precinct, there is funded work on the Marmion Reserve pavilion and changerooms, and land purchases for a new power substation have been finalised. That mix tends to suit families, tradespeople and professionals seeking modest, convenient suburban living; whether it fits you depends on what you want.

Question 2

Is it expensive to live in Myaree?

Accepted Answer

In Myaree, renting takes a noticeable share of what a typical local household earned at the last Census. A house rent of $820 a week is about 41.5% of the median weekly household income recorded at the last Census, which is a large share of income, while a unit at $695 a week is about 35.2% of that weekly income, a sizeable share. For people renting rather than buying, those rent shares are the most relevant figures when judging how costly it would be to live here; whether they feel 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 Myaree a good place to invest?

Accepted Answer

Unit values in Myaree climbed 49.5% over the past 12 months, a strong rise, while house values also increased markedly, up 19.3%. By contrast, rental growth was much smaller: house rents edged up 2.5% (a modest rise) and unit rents rose 0.7% (a slight increase).

For someone weighing Myaree as an investment, the figures show most of the movement this year came from capital growth, especially on the unit side, while rental income grew only modestly. If rental yield is your priority, the rent changes are the relevant numbers; if you are focused on capital gains, the value changes are the ones to watch. Whether that mix fits your goals depends on your 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	19.3%	49.5%
Sold Past 3 months	4	5
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$820	$695
Change in rent Past 12 months	2.5%	0.7%

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