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

Waikiki is a residential suburb in Perth's southern coastal corridor, tucked inland from Rockingham's beaches and Warnbro Sound. It has a quiet, family-oriented character with tree-lined streets and mostly single-storey brick homes alongside modern infill townhouses. A local shopping precinct and community facilities cover everyday needs, while nearby coastal reserves and sheltered bays support walking, cycling and boating. Road links and public transport make commuting and services convenient, suiting people seeking a relaxed coastal lifestyle within easy reach of larger centres.

About 12,453 people live in Waikiki and the median age is 39; the typical household weekly income is $1,611. Couple families are the dominant household type, and the owner-occupied share is 76.6%. Upgrades at Koorana Reserve added clubrooms, two soccer fields and a cricket oval, and foreshore lighting and related park and toilet works are under way. Whether Waikiki suits you will depend on the neighbourhood and amenities you want.

A median house in Waikiki at $865,000 works out to about 10.3 times a typical local household's annual income at the last Census, which places buying well above local incomes on these figures.

Renting still takes a sizeable share of income: a house rent of $630 a week would be about 39% of a typical local household's weekly income at the last Census, and a unit at $565 a week would be about 35%. If you're renting rather than buying, those rent shares are the most directly relevant figures and will matter most to your situation.

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

Over the past 12 months Waikiki recorded strong growth in property values, with median house values up 20.3% and median unit values up 12.6%. Rents rose by smaller amounts over the same period, with house rents up 5.0% and unit rents up 8.0%.

If your priority is capital growth, the figures show houses were the stronger performer this year, with house values rising faster than unit values. If rental income is your focus, unit rents increased more than house rents. What that means for you depends on your own goals and circumstances.

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.