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2020-01-02 Industry News
Author: Satterley

Time to invest in Perth property? Here’s our 10 hot-spot suburbs for 2020.

Remember mum and dad saying how rich they’d be if they’d only kept their first home as an investment property? Maybe now’s the time to make the most of Western Australia’s biggest residential property market shakeout in 20 years.

As WA’s biggest and most successful privately owned property developer, Satterley’s expert land acquisition team has compiled its 10 best property investment suburbs in Perth.

But before we reveal all take a leaf out of our team’s expertise and research in terms of what people look for:

  • Where are the shops?
  • And schools and unis?
  • What about medical?
  • Enough parks and playgrounds?
  • Trains and buses?

Our top 10 Perth investment hotspots – in alphabetical order – based on REIWA’s latest median house and land prices:


What’s great about living in Perth is that the important stuff is almost always nearby. And when it comes to this, Forrestfield is right up there. Try finding a modern suburb in a major capital city just 15km from the city with a median price of $370,000 - $126,000 below Perth’s current median. We think’s it’s such a great spot that we’re creating our The Hales estate – the location of the 2019 Telethon home.

Forrestfield features a great selection of public and private schools, a golf course and public recreation facilities. Then there’s the Forrestfield Forum, Airport DFO just a few kilometres away and the Roe and Tonkin Highways. Better still, Forrestfield will have its own train service by 2021.  

Satterley's The Hales estate is located in Forrestfield


One of Perth’s best new, fast growing south eastern suburbs – yet less than 30km from the CBD and Fremantle -  Harrisdale is now the thriving home for more than 9,000 people.

Life in the multi-award winning Harrisdale (median price $483,500) and our Heron Park Estate includes an assortment of big retail brands and dozens of specialty stores at the Harrisdale Shopping Centre. And there’s plenty of open space eating venues, an adventure playground and parks, natural bushland bike trails and beautiful walkways. Added to these is the state-of-the-art Harrisdale Primary School, five primary schools, three colleges and Murdoch University not far away.


If there’s one thing that’s sure to get the attention of prospective tenants it’s living just a few minutes’ walk from our beautiful beaches.

Backdropped by the sparkling blue Indian Ocean this master planned masterpiece is close to Brighton Town Centre, a variety of day care, primary, secondary and higher education institutes and numerous landscaped parks and playgrounds. And connecting it (and Satterley’s Eden Beach) to the CBD will be the new Butler to Yanchep rail extension now under construction.

With packages starting from $485,000 you’re inside Perth’s median price.

Satterley's Eden Beach estate is located in Jindalee

Madora Bay

Pristine sandy beaches for surfing or swimming and just 10 minutes from the burgeoning Mandurah city centre. This coastal estate with a median property price of $475,000 is heaven-sent for coastal lifestylers. For investors there’s everything from large single residential permanent and holiday homes, to mid-sized and narrow-lot rear-loaded blocks like those on offer at Lakelands.

And there’s plenty of shopping with Aldi, Coles, Kmart and 40 specialty stores at the Lakelands shopping centre, while it’s convenient for Kwinana industrial and CBD workers thanks to its Kwinana freeway connection and proximity to the Mandurah to Perth rail line.


Just 9km north of Perth’s CBD Morley is one of Perth’s more established, larger near-city suburbs with some 21,000 residents and more than 8,000 houses, duplexes, villas and town houses.

Morley offers residents more than a dozen local and nearby private and public primary and secondary school options, as well as the expansive Morley shopping district featuring the Morley Galleria.

Additional to a competitive median property price of $450,000 Morley enjoys a regular turnover of houses and units providing investors with a wide choice of properties to choose from.


For patient investors beachside Mullaloo, just 25km north of Perth’s CBD, is set to fire with the recent go-ahead for the $100 million-plus Ocean Reef Marina redevelopment just 4km to the north. Think Hillarys marina and the prices paid for homes in the surrounding beachside suburbs!

For now there’s the upgraded Whitfords regional shopping centre and the local Mullaloo centre plus a wide selection of local and nearby K to 12 state and private schools. And you’re less than 5km from the Mitchell Freeway and rail/bus interchange. The median price of established homes is $702,000.


There’s more to this 5sq km beachside suburb than luxury apartments, a five-star hotel, bars, food, entertainment and the $100 million foreshore redevelopment. Infill projects and increased densities make it a great investment location with a median unit price of $460,000 and a median house price of $713,000.

In addition to kilometres of swimming and surfing beaches there’s numerous parks and multi-use sporting grounds and top-tier private and government primary and secondary colleges. Although dominated by the nearby Karrinyup shopping centre now undergoing an $800 million upgrade and Scarborough’s Luna Mart, there’s plenty of strip shops catering to everyday needs.

Tuart Hill

Just 8km from the CBD, offering a breadth of dwelling types and styles and a competitive median property price of $485,000, Tuart Hill is a must-see point for prospective investors.

Rezoning means the older ‘quarter-acre’ blocks have given way to unit developments in this 2.1sq km suburb which also includes a range of state and religious-based schools. Added this is the nearby Dog Swamp and Osborne Park Shopping Centres and the Main Street café strip. For investors Tuart Hill offers a low-maintenance lifestyle with easy proximity to social hubs like Northbridge, Leederville and the CBD.

Upper Swan

Just 24km from Perth’s CBD, Upper Swan’s median price of $457,000 makes it a great entry-level investment story.

Close to WA's oldest wine growing and major tourism destination, it also features Ellen Brook and the nature reserve, Bells Rapids at the foot of the Darling Range, the Swan River and the nearby Walyunga National Park. And it’s right next door to The Vines golf course estate and Ellenbrook.

Shopping options include the Ellenbrook shopping centre and Guildford’s rustic shopping precinct, while work is scheduled to start on the Ellenbrook to Morley rail line in late 2019. With less than 600 residents, Upper Swan is also the home of Satterley’s new Clementine Estate.

Clementine is Satterley's newest development starting in 2020


Pioneered by southern European farming families, Wanneroo today offers relaxed lifestyle options ranging from leafy residential streets near Lake Joondalup, to semi-rural blocks and small farms.

With a median price of $400,000 and a little over 30km north of the CBD, Wanneroo offers numerous entry-level investment options including older homes for renovation or redevelopment, duplexes, multi-unit developments and former market garden sites.

The Wanneroo townsite is also the burgeoning commercial and administrative centre incorporating the City of Wanneroo offices, Wanneroo Central and a diverse retail hub. There’s plenty of local state and private junior and senior high schools, while the Lakeside Joondalup retail centre, ECU and Joondalup Health Campus are just across the lake.

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