Question 1

Is Nedlands a nice place to live?

Accepted Answer

Nedlands sits on Perth’s western fringe beside the Swan River and close to Matilda Bay. It has leafy streets and a mix of grand interwar and federation homes alongside pockets of modern riverside apartments. Foreshore parks, walking and cycling routes support an outdoor lifestyle, and Stirling Highway runs through the suburb with bus links and a strip of cafés and shops. A nearby medical and university precinct adds cultural and professional amenities.

The suburb attracts professionals, families and downsizers; couple families with children are the largest family type and about three in four homes are owner-occupied. Nedlands is home to 10,561 people, with a median age of 42 and a median household income of $2,832 a week. Major local institutions include the QEII Medical Centre campus and Perth Children’s Hospital, where planning is under way to expand neonatal services, and the council is preparing a foreshore management plan. Whether that mix suits you depends on what you want close to home.

Question 2

Is it expensive to live in Nedlands?

Accepted Answer

On the figures, housing in Nedlands (6009) sits well above what a typical local household earned at the last Census. A median house price of $2,420,000 is about 16.4 times a typical local annual household income at the last Census, while a median unit price of $977,500 is about 6.6 times that income. That makes buying notably more stretched against local incomes than many would expect.

Rents tell a different story for people who plan to rent. With house rent around $1,200 a week and unit rent about $775 a week, those take roughly 42.4% and 27.4% respectively of a typical local household's weekly income at the last Census — a large share for houses and a moderate share for units. Which measure matters most will depend on whether you intend to rent or buy and on your own 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 Nedlands a good place to invest?

Accepted Answer

Unit rents jumped 19.2% over the past 12 months, the strongest movement in Nedlands. Unit values rose 11.8% over the year, while house values climbed 13.5% and house rents increased 14.3%. Put simply, the rent a unit earns has grown notably faster than its price, and for houses rents edged ahead of capital growth by a small margin. If rental income is your priority, the rent figures are the ones that matter; if capital growth is your priority, focus on the value changes.

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	$2.42M	$978K
Change in value Past 12 months	13.5%	11.8%
Sold Past 3 months	29	20
Median days on market Past 12 months	17	37
Average rent Past 12 months	$1200	$775
Change in rent Past 12 months	14.3%	19.2%

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