Yanchep suburb profile
Yanchep is a picturesque coastal suburb located approximately 56km north of Perth, known for its stunning beaches and natural attractions. The suburb is home to the renowned Yanchep National Park, offering lush greenery, native wildlife, and limestone caves, making it a popular destination for nature enthusiasts. Yanchep provides a relaxed lifestyle with a mix of residential developments, from modern homes to charming beachside properties. The area is well-serviced by local amenities, including schools, shops, and recreational facilities, while maintaining a tranquil atmosphere. Its blend of natural beauty and community spirit makes Yanchep an appealing choice for families and retirees.
Yanchep property market performance
Yanchep's property market has experienced significant growth over the past 12 months, particularly in the housing sector. House values have surged by 26.9%, with the median house price reaching $707,500. In contrast, unit values have seen a modest increase of 1.1%, with the median unit price at $116,500.
Sales activity has been robust for houses, with 72 sold in the past 12 months, while only 3 units were sold, indicating a stronger demand for houses. Houses are selling rapidly, with a median of just 11 days on the market, whereas units are taking significantly longer at 167 days, suggesting a softer demand in the unit market.
The rental market in Yanchep has also seen notable increases, with house rents rising by 12.7% and unit rents by 11.1% over the last 12 months, reflecting strong demand for rental properties in the area.
Median price - houses$695KPast 3 months
Median price - units$117KPast 3 months
Change in value - houses27.6%12 months
Change in value - units1.1%12 months
Houses sold76Past 3 months
Units sold1Past 3 months
Median DOM - houses11Past 12 months
Median DOM - units167Past 12 months
Average rent - houses$620Past 12 months
Average rent - units$560Past 12 months
Change in rent - houses10.7%Past 12 months
Change in rent - units12.0%Past 12 months
Yanchep demographics
Yanchep, located in the northern suburbs of Perth, is a growing community known for its natural beauty and family-friendly environment. With a population of 11,022 and a median age of 35, Yanchep attracts a mix of young families and professionals seeking a balance between urban convenience and coastal living. The suburb is renowned for its proximity to Yanchep National Park, offering residents access to stunning landscapes, wildlife, and recreational activities.
The housing market in Yanchep is characterized by a high rate of home ownership, with 57.9% of properties owned with a mortgage and 19.7% owned outright. This reflects a stable community with many families investing in their homes. Rental properties make up 22.4% of the housing market, providing options for those seeking flexibility. The suburb's family-oriented nature is evident, with 46.9% of households being couple families with children, and 33.3% being couple families without children.
Yanchep's community is diverse, with one-parent families accounting for 18.8% of households. The median total household income of $1,699 per week suggests a comfortable standard of living for many residents. The suburb's appeal lies in its blend of natural attractions, community spirit, and accessibility to Perth's amenities, making it an attractive option for those looking to enjoy a relaxed coastal lifestyle while remaining connected to the city.
Yanchep infrastructure, key developments and investment opportunities
Yanchep is undergoing significant development that is set to impact its property market. The recent opening of the Yanchep railway station on July 14, 2024, as part of the Yanchep line extension, has greatly improved connectivity to Perth CBD, with a 49-minute journey time. This enhanced accessibility is expected to boost property demand and potentially increase values in the area.
The suburb is experiencing steady growth, with new residential developments expanding its housing stock. Yanchep's proximity to the coast and the Yanchep National Park continues to be a draw for buyers. The planned development of Yanchep as a future satellite city, as outlined in the "Directions 2031" urban expansion plan, suggests long-term growth potential for the area. These factors, combined with ongoing infrastructure improvements, are likely to sustain interest in Yanchep's property market.
Yanchep rental market trends
The rental market in Yanchep is experiencing robust growth, with house rents increasing 12.7% over the past year to $620 per week, and unit rents rising 11.1% to $550 per week. As a suburb with expanding infrastructure and appealing coastal lifestyle, Yanchep offers promising opportunities for both investors and renters seeking a vibrant community.
Suburbs near Yanchep
Some popular suburbs near Yanchep include: