Get a property report and suburb profile for any property in Piara Waters

Piara Waters is a relatively new, planned residential suburb in Perth's south-eastern area, made up of modern single- and double-storey brick and render homes on modest blocks. The neighbourhood is arranged around landscaped open space and retention basins, with playgrounds, walking and cycling paths, and a local shopping and community precinct for everyday needs.

Home to 15,029 people with a median age of 31, Piara Waters is dominated by families, with about two in three being couple families with children, and is largely owner-occupied (83.9% owned, 16.1% rented). Local schools include Piara Waters Primary and Riva Primary, and a senior high school has opened its first stage and will extend to Year 12. A purpose-built community library and bus routes linking to nearby train stations add convenience, and a proposed neighbourhood centre would bring shops, a supermarket, a medical centre and childcare if approved. The mix tends to suit young families and professionals; whether that suits you depends on what you want.

Buying is the more stretched option in Piara Waters. The median house price of $1,015,001 works out to about 7.9 times a typical local household's annual income at the last Census, so buying a house sits well above what local households earned at that Census.

Renting a house runs to about $800 a week, which is roughly 32.3% of a typical local household's weekly income at the last Census, a sizeable share. If you're renting rather than buying, that rent share is the number that matters when you compare these figures with your own budget.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Piara Waters rose 8.5% over the past 12 months, a solid increase in what houses are worth. House rents also increased, up 6.7% over the year, a notable gain, so for houses capital growth outpaced rental income growth in the last year.

If capital growth is your priority, the value movement is the figure to focus on. If rental income matters more, the rent change is the relevant number. How that pattern fits your goals and circumstances is for you to weigh up.

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.