Question 1

Is Success a nice place to live?

Accepted Answer

Success is a practical, predominantly residential suburb in Perth's southern corridor. It has established streets of single-storey brick homes alongside newer infill townhouses and attracts families and commuters who value quiet local parks, neighbourhood schools and everyday shops. Major transport links such as the train precinct at Cockburn Central and the Kwinana Freeway are close by, and the location gives easy access to nearby industrial and airport precincts as well as the coast and regional reserves.

The community is weighted towards couple families with children, the suburb is home to about 11,340 people with a median age of 34, and most dwellings are owner occupied. For everyday needs there is Cockburn Gateway Shopping City and the Cockburn Health and Community Facility at 11 Wentworth Parade, which houses Success Library, Centrelink and allied health services. A major town-centre proposal called Cockburn Quarter is also under statutory review, which would expand retail, dining and entertainment plus commercial, medical, childcare, hotel and residential space. Whether Success suits you comes down to how much you value that mix of suburban calm and practical connectivity.

Question 2

Is it expensive to live in Success?

Accepted Answer

In Success, buying a house sits well above what a typical local household earned at the last Census. A $940,000 median house price is about 8.4 times a typical local annual household income at the last Census, which places buying at a high multiple of local incomes.

Renting looks relatively less stretched on these figures. A house rent of $760 a week would take about 35.3% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $645 a week would take about 29.9% of that income, just under 30%. Which of those matters most will depend on whether you plan to rent or buy and on your own circumstances.

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

Question 3

Is Success a good place to invest?

Accepted Answer

Unit values climbed 20.2% over the past year, a strong rise, while median house values also rose strongly, up 15.4%. On the rental side, unit rents increased 11.2%, also a strong rise, whereas house rents rose more modestly, up 4.1%.

In Success, that means units outperformed houses on both capital growth and rental income across the 12-month period. If capital growth is your priority, both property types recorded solid gains with units leading; if rental income matters more, unit rents rose faster than house rents. Whether that balance suits your goals and circumstances is for you to judge.

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.

	Houses	Units
Median price Past 3 months	$940K	N/A
Change in value Past 12 months	15.4%	20.2%
Sold Past 3 months	33	5
Median days on market Past 12 months	11	10
Average rent Past 12 months	$760	$645
Change in rent Past 12 months	4.1%	11.2%

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