Question 1

Is Shelley a nice place to live?

Accepted Answer

Shelley is a delightful suburb that offers a serene and picturesque lifestyle, making it a wonderful place to call home. With its charming riverside location, Shelley provides a peaceful environment that is perfect for families and those seeking a tranquil retreat from the hustle and bustle of city life. The suburb is known for its lush greenery, scenic walking trails, and beautiful river views, which contribute to its relaxed and inviting vibe. Residents can enjoy a variety of recreational activities, from leisurely strolls along the river to picnics in the park, making it an ideal setting for outdoor enthusiasts.

Families will find Shelley particularly appealing due to its strong sense of community and excellent schools. The suburb's family-friendly atmosphere is complemented by a range of amenities, including local shops, cafes, and healthcare facilities, ensuring that all essential needs are within easy reach. Safety is generally not a concern, with the suburb offering a secure and nurturing environment for children to grow and play.

While Shelley offers a peaceful lifestyle, it does come with some trade-offs. The suburb's tranquil setting means it lacks the vibrant nightlife and cultural attractions found in more urban areas. Additionally, while the proximity to Perth's CBD is convenient, the commute may be a consideration for those working in the city. However, for those who prioritize a balanced lifestyle with access to nature and a strong community spirit, Shelley is a charming choice that promises a high quality of life.

Question 2

Is it expensive to live in Shelley?

Accepted Answer

Living in Shelley can be quite costly, especially when it comes to housing. The median house price in this Perth suburb is around $1,620,000, which is significantly higher than many other areas in Perth. Renting isn't exactly cheap either, with houses averaging $850 per week. While there aren't any units currently available, the average rent for units over the past year was $680 per week.

In terms of income, the median total household income in Shelley is $2,186 per week. When compared to the average annual wage in Perth, which is about $95,000, Shelley's household income is relatively high. However, the steep property prices and rental costs mean that a significant portion of income would need to be allocated towards housing expenses.

If you're considering living in Shelley, it's important to weigh the high cost of housing against the benefits of residing in this picturesque riverside suburb. While it offers a peaceful lifestyle with beautiful surroundings, the financial commitment required is substantial, particularly for those earning an average wage in Perth.

Question 3

Is Shelley a good place to invest?

Accepted Answer

Shelley is shaping up to be a promising suburb for investment, with impressive growth figures over the past year. The median house value has increased by 13.4%, while units have seen a 9.9% rise. This indicates a strong demand for properties in the area, which is a positive sign for potential investors. The suburb's appeal is further highlighted by the significant increase in rental prices, with house rents climbing by 11.1% and unit rents by 9.7%. This suggests a healthy rental market, making it attractive for those looking to generate rental income.

Beyond the numbers, Shelley's appeal lies in its family-friendly environment and proximity to amenities, which continue to draw both buyers and renters. The suburb offers a mix of lifestyle benefits, including parks, schools, and easy access to the river, enhancing its desirability. While the recent growth rates are impressive, they also suggest a competitive market, which could mean sustained demand and potential for future appreciation. Overall, Shelley presents a balanced opportunity for investors seeking both capital growth and rental yield.

	Houses	Units
Median price Past 3 months	$1.66M	N/A
Change in value Past 12 months	8.9%	N/A
Sold Past 3 months	10	2
Median days on market Past 12 months	19	N/A
Average rent Past 12 months	$850	$683
Change in rent Past 12 months	13.3%	9.6%

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