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Southern River suburb profile

Southern River is a rapidly growing suburb located approximately 21km southeast of Perth's CBD, known for its family-friendly atmosphere and modern amenities. The suburb offers a mix of contemporary housing developments and established homes, catering to a diverse community. Southern River is well-served by local schools, shopping centers, and recreational facilities, making it an attractive option for families and professionals. The suburb's proximity to natural reserves and parks provides residents with ample opportunities for outdoor activities and relaxation. With ongoing development and a strong community spirit, Southern River continues to be a desirable location for new homeowners and investors.

Southern River property market performance

Southern River's real estate market has shown robust house value growth of 9.1% over the past 12 months, with the median house price reaching $1.12 million. There were no unit sales or changes in unit values, suggesting limited activity in this market segment.

A total of 30 houses were sold in the past 12 months, with properties selling faster at a median of 19 days on the market, highlighting strong demand for houses. No units were recorded as sold, and there was no data on unit market activity, emphasizing the area's strong focus on houses.

The rental market for houses in Southern River has seen a modest annual increase of 1.3%, with the average rent reaching $760. No change has been observed in the unit rental market, reflecting the current absence of unit rentals.

HousesUnits
Median price
Past 3 months
$1.12MN/A
Change in value
Past 12 months
9.1%N/A
Sold
Past 3 months
30N/A
Median days on market
Past 12 months
19N/A
Average rent
Past 12 months
$760N/A
Change in rent
Past 12 months
1.3%N/A

5 year median price trend for houses and units

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Southern River demographics

Southern River, located in the southeastern suburbs of Perth, is a family-oriented community known for its spacious homes and tranquil environment. With a population of 12,852 and a median age of 33, it is a suburb that attracts young families and professionals seeking a balance between urban convenience and suburban peace. The high percentage of couple families with children, at 63.6%, underscores its appeal to those looking to raise a family in a supportive and community-focused setting.

The suburb's housing market is characterized by a strong preference for home ownership, with 63.1% of properties owned with a mortgage and 20% owned outright. This indicates a stable community with many residents committed to long-term living in the area. The relatively low rental rate of 16.9% suggests that Southern River is less transient than other suburbs, fostering a sense of continuity and community among its residents.

Southern River's median total household income of $2,364 per week reflects a prosperous community with a strong economic base. The suburb's layout, featuring parks and recreational areas, supports an active lifestyle, making it an attractive option for those who value both family life and outdoor activities. With its blend of modern amenities and a family-friendly atmosphere, Southern River continues to be a desirable location for those looking to settle in Perth's growing metropolitan area.

Southern River infrastructure, key developments and investment opportunities

Southern River is undergoing significant transformation, with plans to redevelop the area into medium-density residential properties over the next five years. This development is expected to increase the population from less than 500 to over 15,000, necessitating the construction of new infrastructure including shops, schools, parks, and gardens. The average block size is projected to be around 700 m², catering to a growing suburban community.

The suburb is becoming increasingly attractive to families, with new high-quality homes being built and family-friendly amenities being added. A future recreation center is planned, along with additional shops and retail spaces. The area boasts numerous parks and reserves, providing ample green spaces for outdoor activities. While still a relatively young residential suburb, Southern River's ongoing development and proximity to established amenities in neighboring areas position it as a promising growth area in Perth's southeastern region.

Southern River rental market trends

In Southern River, the rental market for houses shows slight growth, with rents increasing 1.3% over the past year to $760 per week. There is no significant change in unit rents. The suburb continues to offer stable housing options for residents seeking suburban living.

Suburbs near Southern River

Some popular suburbs near Southern River include:

  • Harrisdale: Known for its modern residential developments and family-friendly parks, Harrisdale is located directly to the west of Southern River.
  • Piara Waters: Featuring a blend of new housing estates and natural reserves, Piara Waters lies to the southwest of Southern River.
  • Huntingdale: Offering a mix of established homes and green spaces, Huntingdale is situated to the northeast of Southern River.
  • Canning Vale: Known for its diverse community and commercial hubs, Canning Vale is located to the northwest of Southern River.
  • Thornlie: Featuring a variety of schools and shopping options, Thornlie is situated to the north of Southern River.

How does Southern River compare to nearby suburbs?

  • Median house prices: Southern River’s median house price is 23.8% higher than Harrisdale’s.
  • House price growth: Over the past 12 months, house prices in Southern River have grown 0.4% higher than in Huntingdale.
  • Selling speed for houses: Properties in nearby Harrisdale are selling 36.8% faster than in Southern River.
  • House price growth: Over the past 12 months, house prices in Southern River have grown 11.3% lower than the average rate of growth across Perth.

Common questions about Southern River

  • Is Southern River a nice place to live?

    Southern River is a delightful suburb that offers a harmonious blend of modern living and natural beauty, making it a wonderful place to call home. With its peaceful and family-friendly atmosphere, this suburb is perfect for those seeking a serene environment while still being close to the conveniences of urban life. The community is vibrant and welcoming, with a strong sense of togetherness that is ideal for families looking to settle down. The suburb's charm lies in its spacious homes and the abundance of parks and green spaces, providing plenty of opportunities for outdoor activities and relaxation.

    Families will find Southern River particularly appealing due to its excellent local schools and modern amenities. The suburb is well-equipped with shopping centers and recreational facilities, ensuring that residents have everything they need within easy reach. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and comfortable place to live. While Southern River may not offer the bustling nightlife of inner-city areas, it compensates with its tranquil environment and strong community spirit.

    One of the trade-offs of living in Southern River is the ongoing development, which can bring some disruption as the suburb continues to grow. However, this development also promises new infrastructure and amenities, enhancing the quality of life for residents. The suburb's proximity to natural reserves and parks is a significant advantage, offering a peaceful retreat from the hustle and bustle of city life. Overall, Southern River is a charming and promising suburb that provides a balanced lifestyle for families and professionals alike.

    Down Pointer

  • Is it expensive to live in Southern River?

    Living in Southern River can be seen as relatively expensive, especially when you consider the current property market. The median house price is around $850,000, which is quite substantial. If you're looking at renting, houses have an average rent of $740 per week, while units are slightly more affordable at $590 per week. These figures suggest that housing costs in Southern River are on the higher side.

    When comparing the average weekly wage in Southern River, which is approximately $2,000, to the median total household income weekly of $2,364, it becomes evident that a significant portion of income would need to be allocated towards housing expenses. This might be a stretch for some, especially when considering other living costs. While Southern River offers a pleasant lifestyle with its amenities and community vibe, it's important to weigh these benefits against the financial commitment required to live there.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Southern River a good place to invest?

    Southern River is showing promising signs for property investors, particularly in the housing market. Over the past 12 months, the suburb has experienced a significant 17.1% increase in median house values, indicating strong capital growth potential. This upward trend suggests that demand for houses in Southern River is on the rise, making it an attractive option for those looking to invest in real estate.

    In addition to the growth in house values, rental yields in Southern River are also noteworthy. The rental market for houses has seen a 13.8% increase, while units have experienced an impressive 24.3% rise in rent. This suggests that the suburb is becoming increasingly popular among renters, which could lead to consistent rental income for property investors.

    While the median unit values have remained stable over the past year, the significant increase in rental prices for units indicates a strong demand in the rental market. This could present an opportunity for investors to capitalize on rental returns, even if capital growth in unit values has been stagnant. Overall, Southern River offers a compelling mix of capital growth in the housing market and strong rental demand, making it a suburb worth considering for investment.

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Choose the right real estate agents in Southern River

There are 124 real estate agents working in Southern River, 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 26.6% of all sales in the past year.

Commission rates in Southern River typically range from 2.15% to 3.25%. 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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