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Wembley suburb profile

Wembley is a charming suburb located just 5km west of Perth's CBD, known for its leafy streets and community-focused atmosphere. It offers a harmonious blend of residential tranquility and urban convenience, making it popular among families and professionals. The suburb is home to several parks, including the picturesque Lake Monger, providing ample recreational opportunities. Wembley boasts a variety of housing options, from character homes to modern apartments, and is well-serviced by public transport and local amenities. Its proximity to the city and coastal attractions makes Wembley a desirable location for those seeking a balanced lifestyle.

Wembley property market performance

Current median dwelling price$1,335,375Past 3 months

Property growth+23.0%Past 12 months

Wembley's property market has experienced significant growth over the past 12 months, with house values increasing by 14.1% and unit values surging by 29.7%. The current median house price stands at approximately $1.93 million, while the median unit price is around $565,000, indicating strong demand across both property types.

Sales activity has been robust, with 16 houses and 28 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 9 days on the market and units even less at 7 days, highlighting a competitive market environment.

In the rental market, Wembley has seen moderate growth, with house rents increasing by 2.9% and unit rents rising by 10% over the last year. The average rent for houses is $875, while units average $550, reflecting a strong rental demand, particularly for units.

HousesUnits
Median price
Past 3 months
$2.13M$546K
Change in value
Past 12 months
17.0%29.1%
Sold
Past 3 months
2022
Median days on market
Past 12 months
97
Average rent
Past 12 months
$875$560
Change in rent
Past 12 months
2.9%7.7%

5 year median price trend for houses and units

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Wembley demographics

Wembley, a charming suburb located in Perth, Western Australia, is known for its family-friendly atmosphere and convenient access to both urban amenities and natural attractions. With a population of 12,061, Wembley offers a balanced lifestyle that appeals to a diverse range of residents. The median age of 37 suggests a mature community, with many families and professionals choosing to call this suburb home.

The suburb's housing landscape is varied, with a significant portion of properties being owned outright (29.4%) or with a mortgage (32.1%), indicating a stable and established community. Renting is also a popular option, with 38.4% of properties being rented, catering to those seeking flexibility or temporary residence. This mix of ownership and rental options makes Wembley an attractive choice for both long-term residents and newcomers.

Family life is a prominent feature of Wembley, with nearly half of the families being couple families with children (48.9%). This is complemented by a substantial number of couple families without children (38.7%), reflecting the suburb's appeal to both growing families and couples. The presence of one-parent families (10.5%) and other family types (1.9%) adds to the suburb's diversity, fostering a welcoming and inclusive community environment.

Wembley's median total household income of $2005 per week indicates a relatively affluent community, supported by its proximity to Perth's central business district and various employment opportunities. The suburb's blend of residential charm, accessibility, and community spirit makes it a desirable location for those seeking a balanced and fulfilling lifestyle in the heart of Western Australia.

Wembley infrastructure, key developments and investment opportunities

Wembley remains well positioned for buyers and sellers because of its close proximity to Perth’s CBD, strong school presence, and access to major green spaces such as Lake Monger, which continue to support lifestyle appeal and housing demand.

At a local level, the Town of Cambridge is currently showing development applications in and around Wembley, indicating ongoing incremental change rather than a single major project, which can gradually support renewal and maintain buyer interest.

Wembley rental market trends

The rental market in Wembley has shown moderate growth, with house rents increasing by 2.9% over the past year to $875 per week, while unit rents have seen a more significant rise of 10% to $550 per week. This suburb continues to attract renters and investors alike, offering a balanced mix of affordability and potential for future growth.

Suburbs near Wembley

Some popular suburbs near Wembley include:

How does Wembley compare to nearby suburbs?

  • Median house prices: Wembley’s median house price is 12.4% higher than Subiaco’s.
  • Median unit prices: Wembley’s median unit price is 24.7% lower than Subiaco’s.
  • House price growth: Over the past 12 months, house prices in Wembley have grown 8.9% higher than in Jolimont.
  • Unit price growth: Over the past 12 months, unit prices in Wembley have grown 7.1% higher than in Subiaco.
  • Selling speed for houses: Properties in Wembley are selling 10.0% faster than in Subiaco.
  • Selling speed for units: Properties in Wembley are selling 41.7% faster than in Subiaco.
  • Investment considerations: In Wembley, the rental yield for house is 14.2% higher than the Perth average, while the rental yield for units is 15.5% lower.
  • House price growth: Over the past 12 months, house prices in Wembley have grown 77.7% higher than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Wembley have grown 23.7% lower than the average rate of growth for units across Perth.

Common questions about Wembley

  • Is Wembley a nice place to live?

    Wembley is a delightful suburb that offers a wonderful blend of tranquility and convenience, making it a fantastic place to call home. With its peaceful, leafy streets and a strong sense of community, Wembley is particularly appealing to families and professionals who appreciate a balanced lifestyle. The suburb is known for its welcoming atmosphere and provides easy access to both urban amenities and natural attractions, ensuring residents have everything they need within reach.

    Families will find Wembley particularly attractive due to its family-friendly vibe and the variety of housing options available, from charming character homes to modern apartments. The suburb is well-serviced by public transport, making commuting to Perth's CBD a breeze. Additionally, Wembley boasts several parks and green spaces, including the picturesque Lake Monger, offering ample opportunities for outdoor activities and relaxation.

    While Wembley offers many advantages, there are some trade-offs to consider. The suburb's proximity to the city and its desirable lifestyle can lead to higher property prices, which may be a consideration for those on a tighter budget. However, the investment is often seen as worthwhile due to the suburb's strong community spirit and the quality of life it offers.

    Safety is generally not a major concern in Wembley, contributing to its appeal as a secure and pleasant place to live. The suburb's vibrant community and convenient location make it an ideal choice for those seeking a harmonious blend of suburban charm and urban convenience. Whether you're a family looking for a nurturing environment or a professional seeking easy access to the city, Wembley is a suburb that truly offers the best of both worlds.

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  • Is it expensive to live in Wembley?

    Living in Wembley, an inner suburb of Perth, can be quite expensive, especially when it comes to housing. The current median house price in Wembley is around $1,925,389, which is significantly higher than many other suburbs in the Perth area. For those considering renting, the average rent for houses is approximately $875 per week, while units are more affordable at about $550 per week.

    When comparing these figures to the average wage in Perth, which is roughly $95,000 per year, it's clear that a substantial portion of one's income would be required to cover housing costs in Wembley. The median total household income in Wembley is $2,005 per week, which suggests that residents generally earn more than the average Perth wage, potentially making the area more accessible for those with higher earnings.

    Overall, Wembley offers a desirable location with its proximity to Perth's city centre, but the cost of living, particularly in terms of housing, is on the higher side. If you are thinking of living in Wembley, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with this attractive suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Wembley a good place to invest?

    Wembley is shaping up to be an attractive suburb for investment, especially given the recent surge in property values. Over the past 12 months, the median house value in Wembley has increased by 14.1%, while unit values have skyrocketed by 29.7%. This significant growth indicates strong demand and a thriving property market, making it a promising area for potential investors.

    In addition to property value growth, rental returns in Wembley have also been on the rise. House rents have seen a modest increase of 2.9%, but it's the unit rents that have really taken off, with a 10% rise over the past year. This suggests that units in Wembley are particularly appealing to renters, likely due to their affordability and the suburb's desirable location.

    Overall, Wembley offers a compelling mix of capital growth and rental yield potential. Its recent performance in both property values and rental returns highlights its appeal to both buyers and renters. For those looking to invest in a suburb with strong growth prospects and a vibrant rental market, Wembley stands out as a solid choice.

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Choose the right real estate agents in Wembley

Choosing the right real estate agent in Wembley can have a big impact on your sale. While there are 124 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% to 2.75%, 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.

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