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Peppermint Grove suburb profile

Peppermint Grove is an affluent suburb located along the Swan River in Perth, Western Australia. Known for its picturesque streets lined with grand heritage homes and lush gardens, it offers a serene and prestigious lifestyle. The suburb is renowned for its exclusivity and is often referred to as one of Australia's most desirable residential areas. With close proximity to the river, residents enjoy scenic views and access to water-based activities. Peppermint Grove's tranquil environment, coupled with its proximity to top schools and shopping precincts, makes it a sought-after location for families and professionals seeking luxury and convenience.

Peppermint Grove property market performance

Peppermint Grove’s property market has shown a notable increase in house values over the past 12 months, with a rise of 10.4%. However, unit values have remained stable with no change. Despite the increase in house values, the median house price is currently recorded at $0, indicating a potential data anomaly or lack of recent sales data. Similarly, the median unit price is also $0, reflecting limited market activity.

Sales activity has been minimal, with only 3 houses and 1 unit sold over the past 12 months. Houses are selling relatively quickly, with a median of 24 days on the market, while there is no recent data for units, suggesting very low demand or availability.

The rental market in Peppermint Grove has remained relatively stable, with no change in house rents and a slight increase of 1.2% in unit rents over the last 12 months. The average rent for houses is $1,838, while units average $570, indicating a significant difference in rental pricing between property types.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
10.4%N/A
Sold
Past 3 months
31
Median days on market
Past 12 months
25N/A
Average rent
Past 12 months
$1825$535
Change in rent
Past 12 months
-8.8%-9.0%

5 year median price trend for houses and units

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Peppermint Grove demographics

Peppermint Grove, located in Western Australia, is renowned for its affluent lifestyle and picturesque surroundings. With a population of just 1,597, it offers a serene and exclusive environment, making it one of the most desirable suburbs in the Perth metropolitan area. The median age of 42 suggests a mature community, often comprising established professionals and families who appreciate the suburb's tranquil charm and proximity to the Swan River.

The suburb's high median total household income of $4,565 per week reflects its affluent status, with many residents enjoying a comfortable lifestyle. Family dynamics in Peppermint Grove are predominantly centered around couple families, with 48.9% having children and 41.4% without, indicating a balanced mix of family-oriented and child-free households. The presence of one-parent families is relatively low at 9.7%, and there are no other family types reported, underscoring the suburb's traditional family structure.

Property ownership in Peppermint Grove is notably high, with 51% of homes owned outright and 28.3% owned with a mortgage, highlighting the suburb's stability and long-term residency appeal. Only 20.7% of properties are rented, which is significantly lower than many other suburbs, further emphasizing its appeal to homeowners. The combination of its prestigious reputation, beautiful surroundings, and strong community ties makes Peppermint Grove a highly sought-after location for those seeking an upscale and peaceful lifestyle.

Suburbs near Peppermint Grove

Some popular suburbs near Peppermint Grove include:

  • Mosman Park: Known for its scenic river views and affluent residential areas, Mosman Park is located directly south of Peppermint Grove.
  • Cottesloe: Famous for its beautiful beaches and relaxed coastal lifestyle, Cottesloe is situated to the west of Peppermint Grove.
  • Swanbourne: Offering a mix of beachside living and lush parklands, Swanbourne lies to the northwest of Peppermint Grove.
  • Claremont: Known for its shopping precincts and vibrant community atmosphere, Claremont is located to the northeast of Peppermint Grove.
  • Dalkeith: Featuring luxurious homes and proximity to the Swan River, Dalkeith is situated to the east of Peppermint Grove.

How does Peppermint Grove compare to nearby suburbs?

  • Median house prices: Peppermint Grove’s median house price is 176.4% higher than Mosman Park’s.
  • House price growth: Over the past 12 months, house prices in Peppermint Grove have grown 4.1% higher than in Cottesloe.
  • Selling speed for houses: Properties in nearby Mosman Park are selling 16.0% faster than in Peppermint Grove.
  • House price growth: Over the past 12 months, house prices in Peppermint Grove have grown 293.9% higher than the average rate of growth across Perth.

Choose the right real estate agents in Peppermint Grove

There are 15 real estate agents in Peppermint Grove, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 65.5% of all sales in the past year.

Commission rates in Peppermint Grove typically range from 2% to 2.75%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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