Is Waikiki a nice place to live?

Waikiki is a residential suburb in Perth's southern Rockingham area, near Rockingham Beach and characterised by established low-rise homes, small reserves and local shopping strips. The community is made up largely of couples with children, most homes are owner-occupied and the median age is 39. Day-to-day life centres on local shops, community sporting grounds and playgrounds, while pocket parks provide regular places for walking and informal sport, and arterial roads and bus links connect the suburb into the wider regional public transport network. A neighbourhood-level outdoor youth recreation space for Waikiki/Warnbro is included in the City of Rockingham’s Community Infrastructure Plan, with construction anticipated to commence.

Is it expensive to live in Waikiki?

Buying a house in Waikiki sits well above local incomes: the median house price of $885,000 is about 10.6 times a typical local annual household income, with a typical local household earning about $1,611 a week at the last Census. Renting also takes a sizeable share of local income. A house rent of $638 a week would be roughly 40% of that weekly household income, and a unit at $595 a week about 37%, so for many households both rents represent a sizeable share of earnings. If you are renting rather than buying, those rent shares are the most relevant figures to consider. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Waikiki a good place to invest?

A strong rise in house values is what stands out in Waikiki, with house values up 20.4% over the past 12 months while house rents rose a solid 6.3%. Unit values increased 8.0% and unit rents climbed a strong 10.6%. Put simply, the house market here has seen much larger capital growth than rental growth over the period, while for units rental income has edged ahead of capital growth as rents rose slightly faster than values. 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.

Get a property report and suburb profile for any property in Waikiki

Please enter your address and select an option from the list.

Join the 2.6 million Australians* who use our services every year.

Waikiki suburb profile

Waikiki is a residential suburb in Perth's southern coastal region within the Rockingham area. The neighbourhood is made up of established low-rise, detached homes with suburban gardens and tree-lined streets, giving a settled, domestic character. Small reserves and pocket parks are dotted through the suburb, providing regular places for walking and informal sport.

Day-to-day life centres on local shopping strips, community sporting grounds and playgrounds, with larger retail and services in nearby Rockingham. Waikiki sits near the coast and Rockingham Beach, and is connected by arterial roads and bus links that feed into the wider regional public transport network.

Waikiki property market performance

Current median dwelling price$605,000Past 3 months

Property growth+14.2%Past 12 months

Waikiki's median house price is $885,000, up 20.4% over 12 months, a sharp rise. It's primarily a house market; too few units have sold recently for a reliable unit median to be published.

In Waikiki, house rents rose 6.3% over 12 months, a solid increase, while house values grew much faster over the same period.

	Houses	Units
Median price Past 3 months	$885K	N/A
Change in value Past 12 months	20.4%	8.0%
Sold Past 3 months	32	2
Median days on market Past 12 months	11	N/A
Average rent Past 12 months	$638	$595
Change in rent Past 12 months	6.3%	10.6%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

Waikiki demographics

Waikiki is a community where couples with children are the largest family group and most homes are owner-occupied.

The median age is 39 and the median household income is $1,611 a week. At the 2021 Census, 12,453 people lived in Waikiki.

Waikiki and Western Australia

	Suburb	WA
Median age years	39	38
Median household income weekly	$1,611	$1,815
Couples with children share of families	42.7%	44.6%
Couples without children share of families	37.7%	38.8%
One-parent families share of families	18.5%	15.1%
Homes owned outright share of homes	29.5%	30.2%
Homes with a mortgage share of homes	47.1%	41.4%
Homes rented share of homes	23.5%	28.3%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Waikiki infrastructure, key developments and investment opportunities

Waikiki has the Waikiki/Warnbro Outdoor Recreation Space, a neighbourhood-level outdoor youth recreation space included in the City of Rockingham’s Community Infrastructure Plan, with construction anticipated to commence in 2031/2032. The Safety Bay Road 500-metre section between Julia Street and the area south-east of David Road was listed in the federal Black Spot program in 2023 for drainage improvements and the construction of a shared path and a pedestrian refuge.

Suburbs near Waikiki

Some popular suburbs near Waikiki include:

How does Waikiki compare to nearby suburbs?

Median house prices: Waikiki’s median house price is 3.1% higher than Safety Bay’s.
Median unit prices: Waikiki’s median unit price is 26.2% higher than Safety Bay’s.
House price growth: Over the past 12 months, house prices in Waikiki have grown 2.4% higher than in Safety Bay.
Unit price growth: Property prices in nearby Safety Bay have risen 36.2% more than in Waikiki over the past year.
Selling speed for houses: Properties in Waikiki are selling 8.3% faster than in Shoalwater.
Investment considerations: In Waikiki, the rental yield for house is 17.8% lower than the Perth average, while the rental yield for units is 11.3% lower.
House price growth: Over the past 12 months, house prices in Waikiki have grown 25.3% lower than the average rate of growth across Perth.
Unit price growth:Over the past 12 months, unit prices in Waikiki have grown 10.7% lower than the average rate of growth for units across Perth.

Common questions about Waikiki

Is Waikiki a nice place to live?
Waikiki is a residential suburb in Perth's southern Rockingham area, near Rockingham Beach and characterised by established low-rise homes, small reserves and local shopping strips.

The community is made up largely of couples with children, most homes are owner-occupied and the median age is 39. Day-to-day life centres on local shops, community sporting grounds and playgrounds, while pocket parks provide regular places for walking and informal sport, and arterial roads and bus links connect the suburb into the wider regional public transport network. A neighbourhood-level outdoor youth recreation space for Waikiki/Warnbro is included in the City of Rockingham’s Community Infrastructure Plan, with construction anticipated to commence.
Is it expensive to live in Waikiki?
Buying a house in Waikiki sits well above local incomes: the median house price of $885,000 is about 10.6 times a typical local annual household income, with a typical local household earning about $1,611 a week at the last Census.

Renting also takes a sizeable share of local income. A house rent of $638 a week would be roughly 40% of that weekly household income, and a unit at $595 a week about 37%, so for many households both rents represent a sizeable share of earnings. If you are renting rather than buying, those rent shares are the most relevant figures to consider.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Waikiki a good place to invest?
A strong rise in house values is what stands out in Waikiki, with house values up 20.4% over the past 12 months while house rents rose a solid 6.3%. Unit values increased 8.0% and unit rents climbed a strong 10.6%.

Put simply, the house market here has seen much larger capital growth than rental growth over the period, while for units rental income has edged ahead of capital growth as rents rose slightly faster than values.

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.

Choose the right real estate agents in Waikiki

Choosing the right real estate agent in Waikiki can have a big impact on your sale. While there are 75 real estate agents working in the suburb, but just 5 of them were responsible for 28.8% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.15% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.