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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:

Common questions about Yanchep

  • Is Yanchep a nice place to live?

    Yanchep is a delightful coastal suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Known for its stunning natural beauty, Yanchep provides residents with a peaceful lifestyle amidst picturesque beaches and lush greenery. The suburb's relaxed vibe is complemented by a strong sense of community, making it an appealing choice for families looking to settle in a supportive and welcoming neighborhood.

    Living in Yanchep means having access to a range of amenities that cater to everyday needs, including schools, shops, and recreational facilities. The recent addition of the Yanchep railway station has significantly improved connectivity to Perth, making commuting more convenient for professionals. While Yanchep offers a tranquil atmosphere, it doesn't compromise on accessibility to urban conveniences, providing a balanced lifestyle for its residents.

    For families, Yanchep is particularly attractive due to its safe environment and the abundance of outdoor activities available. The proximity to Yanchep National Park offers endless opportunities for exploration and adventure, with its walking trails, wildlife, and scenic landscapes. However, the trade-off for this idyllic setting is that it may lack the bustling nightlife and cultural scene found in more central suburbs. Nonetheless, for those who prioritize natural beauty and a close-knit community, Yanchep is a charming choice.

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  • Is it expensive to live in Yanchep?

    Living in Yanchep can be considered moderately expensive, especially when you compare it to other suburbs in the Perth area. The median house price in Yanchep is currently around $707,500, while units are significantly more affordable at $116,500. If you're thinking of renting, houses average about $620 per week, and units are slightly cheaper at $550 per week. These figures suggest that housing costs are a significant part of living expenses in Yanchep.

    When you look at the average wage in Yanchep, which is approximately $75,000 per year, and compare it to the median total household income of $1,699 per week, it becomes evident that a substantial portion of income would go towards housing. This is slightly above the average wage in Western Australia, which means that while the income levels are decent, the cost of living, particularly in terms of housing, can still be a stretch for some.

    Overall, Yanchep offers a beautiful coastal lifestyle with its natural attractions and growing amenities, but it's important to consider the housing costs when planning to move there. Balancing the scenic benefits with the financial commitments is key to enjoying life in this charming 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 Yanchep a good place to invest?

    Yanchep is showing promising signs as a solid investment suburb, especially for those interested in houses. Over the past year, the median house value in Yanchep has surged by an impressive 26.9%, indicating strong demand and potential for capital growth. This significant increase suggests that the suburb is becoming increasingly attractive to buyers, possibly due to its coastal lifestyle and expanding amenities.

    In terms of rental returns, Yanchep is also performing well. House rents have increased by 12.7% over the last year, which is a positive indicator for investors seeking steady rental income. Although the growth in unit values and rents has been more modest, with a 1.1% increase in median unit value and an 11.1% rise in unit rents, the overall rental market remains robust.

    Yanchep's appeal lies in its blend of natural beauty, with its proximity to the beach and national parks, and its growing infrastructure. As the suburb continues to develop, it is likely to attract more residents and investors, making it a worthwhile consideration for those looking to invest in a suburb with strong growth potential and attractive rental yields.

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