Question 1

Is Success a nice place to live?

Accepted Answer

Success is a delightful suburb that offers a harmonious blend of suburban tranquility and modern conveniences, making it a lovely place to call home. The suburb is characterized by its peaceful atmosphere and a strong sense of community, which is particularly appealing to families. With its charming parks and recreational facilities, Success provides ample opportunities for outdoor activities, allowing residents to enjoy a healthy and active lifestyle. The suburb's proximity to essential amenities, including shopping centers and dining options, ensures that residents have everything they need within easy reach.

Families will find Success particularly appealing due to its welcoming environment and the variety of housing options available. The suburb's community-oriented vibe is complemented by its safety and the presence of good schools, making it an ideal place for raising children. While Success may not offer the bustling nightlife of inner-city areas, it compensates with its serene environment and the convenience of nearby public transport options, which provide easy access to the Perth CBD and other employment hubs.

One of the trade-offs of living in Success is that it may not have the same level of cultural and entertainment options as more central suburbs. However, this is balanced by the suburb's affordability and the quality of life it offers. The ongoing development in the surrounding Cockburn area continues to enhance local amenities, ensuring that Success remains a desirable location for both families and professionals. Overall, Success is a charming suburb that offers a balanced lifestyle, making it a nice place to live for those seeking a peaceful yet connected community.

Question 2

Is it expensive to live in Success?

Accepted Answer

Living in Success can be considered relatively expensive, especially when looking at the housing market. The current median house price is $1,065,000, which is quite high for an outer Perth suburb. If you're planning to rent, the average rent for houses is around $750 per week, while units, though less common, average $620 per week. This means that housing costs in Success can take up a significant portion of your income.

When comparing the average salary in Success, which is about $85,000 per year, with the broader Western Australia figures, it becomes clear that the cost of living can be challenging. The median total household income in Success is $2,155 per week, which suggests that many residents might be earning above the state average. However, with the high property prices and rental costs, living in Success might still stretch the budget for those on average incomes.

Overall, while Success offers the perks of being an outer suburb with more space and a quieter lifestyle, the financial commitment required for housing is significant. If you're thinking of living in Success, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with this suburb.

Question 3

Is Success a good place to invest?

Accepted Answer

Success is showing promising signs as a solid investment suburb, with impressive growth in both house and unit values over the past year. The median house value has increased by 13.8%, while units have seen an even more remarkable rise of 19.4%. This indicates a strong demand for properties in the area, which is a positive signal for potential investors looking for capital growth.

In addition to property value appreciation, rental yields in Success are also on the rise. House rents have increased by 4.2%, and unit rents have surged by 12.7% over the last 12 months. This suggests a healthy rental market, making it an attractive option for investors seeking rental income. The combination of rising property values and rental returns makes Success a compelling choice for those looking to invest in real estate.

Overall, Success offers a balanced mix of growth potential and rental yield, making it an appealing suburb for investment. With its recent performance and positive market indicators, it stands out as a suburb worth considering for both new and seasoned investors.

	Houses	Units
Median price Past 3 months	$1.02M	N/A
Change in value Past 12 months	12.7%	19.1%
Sold Past 3 months	30	3
Median days on market Past 12 months	11	11
Average rent Past 12 months	$750	$623
Change in rent Past 12 months	2.7%	9.3%

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