Question 1

Is Viveash a nice place to live?

Accepted Answer

Viveash is a charming suburb that offers a delightful blend of tranquility and convenience, making it a wonderful place to call home. Nestled along the banks of the Swan River, Viveash is known for its serene atmosphere and natural beauty, providing a peaceful retreat from the hustle and bustle of city life. The suburb's lush green spaces and riverfront reserves offer ample opportunities for outdoor activities, making it particularly appealing to families who enjoy spending time in nature. With a strong sense of community, Viveash is a welcoming place for families, retirees, and professionals alike.

Living in Viveash comes with the advantage of being close to essential amenities while maintaining a relaxed suburban vibe. The proximity to Midland's shopping and commercial precincts ensures that residents have easy access to a variety of shops, cafes, and services. Additionally, the nearby Midland train station and key arterial roads provide excellent connectivity to the wider Perth metropolitan area, making it convenient for commuters. Safety is generally not a major concern in this peaceful suburb, allowing families to enjoy a secure and comfortable lifestyle.

While Viveash offers a serene and family-friendly environment, it does come with a few trade-offs. The suburb lacks the vibrant nightlife and cultural scene found in more urban areas, which may not appeal to those seeking a more dynamic social life. However, for those who prioritize a quiet and picturesque setting, Viveash is an ideal choice. The ongoing redevelopment and modernisation of the area also suggest potential for future growth and investment opportunities. Overall, Viveash's combination of natural beauty, community spirit, and convenient location makes it a desirable place to live for those seeking a balanced lifestyle in a peaceful setting.

Question 2

Is it expensive to live in Viveash?

Accepted Answer

Living in Viveash, a suburb of Perth, presents an interesting scenario when it comes to affordability. With the median total household income sitting at $1,833 per week, households in Viveash earn slightly less than the average Western Australian income, which translates to around $90,000 annually. This indicates that the income levels in Viveash are relatively aligned with the state average, offering a balanced financial landscape for residents.

However, when it comes to housing, the current data shows that the median house and unit prices are not available, making it challenging to gauge the exact cost of purchasing property in the area. For renters, the average rent for houses is $813 per week, which is a significant expense when compared to the median household income. This suggests that renting in Viveash may require a substantial portion of one's income, potentially making it less affordable for some individuals or families.

Overall, while Viveash may not have the high property prices seen in other Perth suburbs, the rental costs could pose a financial challenge for those earning around the local median income. If you are thinking of living in Viveash, it's important to consider these factors and assess how the rental expenses fit into your overall budget.

Question 3

Is Viveash a good place to invest?

Accepted Answer

Viveash is showing some impressive signs of growth, particularly in the housing market. With a staggering 47.5% increase in median house values over the last year, it's clear that the suburb is catching the eye of buyers and investors alike. This kind of growth suggests a strong demand for houses, which is further supported by a 25.1% rise in rent for houses. Such a significant increase in both property values and rental prices indicates that Viveash is becoming a more desirable place to live, which is a positive sign for potential investors.

However, it's worth noting that the unit market in Viveash hasn't experienced the same level of growth, with both median unit values and rents remaining unchanged over the past year. This could mean that the demand for units is not as strong as for houses, or it could present an opportunity for those looking to invest in a market that hasn't yet peaked. Overall, Viveash's strong performance in the housing sector makes it an attractive option for investors seeking capital growth and rental income, especially if they focus on houses rather than units.

	Houses	Units
Median price Past 3 months	$850K	N/A
Change in value Past 12 months	4.7%	N/A
Sold Past 3 months	10	1
Median days on market Past 12 months	15	N/A
Average rent Past 12 months	$838	N/A
Change in rent Past 12 months	28.9%	N/A

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