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 27.3%, with the median house price now at $690,000. In contrast, unit values have seen a modest increase of 1.1%, with the median unit price at $116,500. This disparity highlights a stronger demand for houses in the area.
Sales activity has been robust for houses, with 74 sold in the past 12 months, while only 3 units were sold, indicating limited activity in the unit market. Houses are selling quickly, with a median of just 12 days on the market, whereas units are taking significantly longer at 167 days, suggesting a slower pace in the unit sector.
The rental market in Yanchep has also seen notable changes, with house rents increasing by 8.8% and unit rents rising by 14.6% over the last 12 months. This indicates a strong demand for rental properties, particularly units, despite their slower sales performance.
Median price - houses$690KPast 3 months
Median price - units$117KPast 3 months
Change in value - houses27.3%12 months
Change in value - units1.1%12 months
Houses sold74Past 3 months
Units sold3Past 3 months
Median DOM - houses12Past 12 months
Median DOM - units167Past 12 months
Average rent - houses$620Past 12 months
Average rent - units$550Past 12 months
Change in rent - houses8.8%Past 12 months
Change in rent - units14.6%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 has experienced notable growth, with house rents increasing by 8.8% over the past year to $620 per week, while unit rents have surged 14.6% to $550 per week. This coastal suburb is attracting attention from both renters and investors, driven by its appealing lifestyle and ongoing development projects.
Suburbs near Yanchep
Some popular suburbs near Yanchep include: