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2019-11-26 Industry News
Author: Satterley Property Group

Rental Prices & Investment Opportunities in Harrisdale

Harrisdale is a thriving suburb located 25 kilometres south of Perth CBD, and is proudly the suburb Satterley community, Heron Park, calls home. Since 2011, Harrisdale has seen significant growth and has had a 78% increase in annual home sales; a feat not met by many surrounding suburbs.

Affordable house and land and interest from property investors have boosted Harrisdale and Heron Park’s growth, leading to an increase in interest from an investment and rental tenant perspective. A fantastic range of nearby schools and easy access to Perth City mean Heron Park and wider Harrisdale are attractive for young couples, families and newly migrated families alike. 

Heron Park gives you the best of all worlds. Fantastic local schools, convenient shopping locations, eleven parks and playgrounds to enjoy and so much more. Perhaps this is why available rental properties in Harrisdale gain, on average, 153 visits per property (REA 2019).

While home occupiers choose to live in Heron Park, Harrisdale due to its many amenities and benefits for residents, landlords too are attracted to Heron Park because of the current established facilities and future amenity still to come. Young families are especially drawn to Heron Park, Harrisdale because of education and schooling options including the $15million Harrisdale Primary School. With over a quarter of Heron Park set aside for natural bushland and open space, nature lovers and residents seeking a more tranquil way of life, call Heron Park home too.

Heron Parks adventure playground features a 28-metre long flying fox, two 4-metre high tree houses connected by a suspension bridge with access net and ladder, an obstacle course featuring a rope bridge, balance beams, and wooden stilts and a birds’ nest swing. This park, like so many other amenities in our community is designed with family in mind and is another reason why our community is a hit with kids and big kids alike.

The median house and land price has grown to $510,000, $20,000 more than Greater Perth (source: PriceFinder). Over the past five years, Greater Perth has seen instability in both sale and rental prices, whereas Harrisdale has maintained stable pricing from a home sale and rental value perspective. Neighbouring suburbs of Piara Waters and Canning Vale have seen a decrease in value of 5.9% and 4.5% respectively; showing the strength of Harrisdale as a suburb to live and invest in. 

Last year, while the Perth Metro Region saw a decrease in value of -2.9%, Harrisdale maintained a much stronger position in the market with a -0.4% decrease in value. Given tough market conditions, this stability is valuable for investors and home purchasers who own property in Harrisdale.

In September 2019 a three bed, 2 bath home achieved an average rental income of $390 per week and a four bed, 2 bath home achieved a rental income $408 per week income. While providing an excellent return for investors, Harrisdale remains an affordable and convenient location to choose to live.

Who lives in Harrisdale?

Over 69% of Harrisdale home occupiers are native Australian while 18% are from the United Kingdom, 3% are from New Zealand and 2% are from the Netherlands; analysed from Harrisdale population of 9,000 people in 2016 (census:2016).

Families are the most popular home occupiers in Harrisdale, with 8% of the population being our littlest residents 0 - 4 years of ages. Established couples, mature couples and families, provide an even tri-split across our suburb.

Home occupiers in Harrisdale are younger than Greater Perth, averaging 30 years of age in comparison to Greater Perth's 36 years. Similarly, the average household size is three people, both in Harrisdale and Perth.  As a household, income is, on average, $528 more per week than Perth (census:2016).

Interestingly, analysis can be taken from resident ages, with the largest age group being children under 18 years of age (30.9%), closely followed by residents 35 - 49 years (29.8%). We can predict with this data in mind that popularity in Heron Park and wider Harrisdale will continue to grow as our youngest residents become first homebuyers and seek to purchase their own property or to rent a home nearby friends and family.

There is so much to offer at Heron Park, Harrisdale and with land for sale now is the time to invest in your new home or investment property. Choose to invest your future in a growing and thriving community. 

Explore land for sale at Heron Park, Harrisdale. No matter whether you're a first home buyer researching house and land options or an investor looking for your next investment opportunity, the Heron Park Estate team can help. Complete your details below and our team will be in touch.

The median price has been performing at a higher rate when compared to Greater Perth since 2008*

Source: Census 2016 | REA | REIWA

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