Question 1

Is Subiaco a nice place to live?

Accepted Answer

Subiaco is a delightful suburb that offers a harmonious blend of urban convenience and suburban charm, making it a fantastic place to call home. Known for its vibrant cultural scene and rich history, Subiaco provides a lively yet relaxed atmosphere that appeals to a wide range of residents. The suburb is well-equipped with a plethora of amenities, including boutique shops, cafes, and restaurants, ensuring that there's always something to do. Its proximity to Perth's CBD, coupled with excellent public transport links, makes commuting a breeze, while the lush green spaces offer a peaceful retreat from the hustle and bustle of city life.

Families will find Subiaco particularly appealing due to its strong community spirit and access to quality schools and recreational spaces. The suburb's walkable streets and safe environment make it an ideal setting for raising children. However, living in Subiaco does come with some trade-offs. The ongoing development projects, such as the Subi East redevelopment, are set to bring new housing options and public spaces, which may lead to changes in the suburb's character and potentially influence property prices and rental demand. Despite these changes, Subiaco continues to be a sought-after location, offering a unique blend of opportunities and experiences for families, professionals, and retirees alike.

Question 2

Is it expensive to live in Subiaco?

Accepted Answer

Living in Subiaco can be quite expensive, especially when compared to the average wage in Perth. The median house price in Subiaco is a hefty $1,930,000, which is significantly higher than many other areas. If you're considering renting, the average rent for houses is $900 per week, while units are slightly more affordable at $750 per week. These figures indicate that housing costs in Subiaco are on the higher end of the spectrum.

The median total household income in Subiaco is $2,219 per week, which is relatively high. However, when you compare this to the average annual wage in Perth, which is about $85,000, it becomes clear that a substantial portion of income would be required to cover housing costs in Subiaco. This makes it a more challenging suburb to afford for those earning an average wage.

While Subiaco offers a vibrant lifestyle with its proximity to Perth's city centre and a range of amenities, the cost of living, particularly in terms of housing, is considerably high. If you're thinking of living in Subiaco, it's essential to carefully evaluate your financial situation to ensure it aligns with the expenses associated with this desirable suburb.

Question 3

Is Subiaco a good place to invest?

Accepted Answer

Subiaco is showing strong signs of being a promising investment suburb, especially given the impressive growth in property values over the past year. With a remarkable 26.9% increase in median house values and a 21.2% rise in unit values, the area is clearly experiencing a surge in demand. This kind of growth suggests that Subiaco is becoming increasingly desirable, likely due to its vibrant community, proximity to amenities, and overall lifestyle appeal.

While the rental market for houses has remained stable with no change in rent, units have seen a significant 11.1% increase in rental prices. This indicates a growing demand for rental properties, particularly units, which could be appealing for investors seeking rental income. Subiaco's blend of historical charm and modern conveniences makes it attractive to a wide range of renters, from young professionals to families.

Overall, Subiaco presents a compelling case for investment, with its strong property value growth and rising rental demand for units. The suburb's dynamic atmosphere and strategic location continue to draw interest, making it a solid choice for those looking to invest in a thriving market.

	Houses	Units
Median price Past 3 months	$1.89M	$725K
Change in value Past 12 months	33.8%	22.0%
Sold Past 3 months	24	37
Median days on market Past 12 months	10	12
Average rent Past 12 months	$940	$764
Change in rent Past 12 months	4.4%	11.5%

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