Not your typical investment suburb

Monday, 5th Oct 2015

City BeachOffering good schooling, parks and amenities, this affluent beachside suburb is one of the most expensive in Perth with a median house price of $1.7 million.

City Beach, located in the Town of Cambridge, is one of Perth’s most sought-after suburbs. It boasts a long stretch of beach down its western border, is just 10 kilometres to the Perth central business district and comprises many parks and ovals, including Bold Park and Wembley Golf Course.

The suburb has a population of about 6,400 residents with a median age of 44 years. About 40% of the population are in professional employment, which is double the average.

There is a low concentration of state housing, with the area mostly zoned low density residential (R20 and under) with about 88% of dwellings listed as houses.

About 80% of properties are either fully owned or being purchased while just 13% are being rented – the Perth average is more than double that at 29%.

There are multiple primary schools within the suburb as well as the International School of Western Australia and many prestigious private schools, including Hale College.

City Beach is the fourth most expensive suburb in the Perth metropolitan area with the median house price of $1.7 million.

Neighbouring suburbs include Swanbourne, Scarborough, Floreat, Churchlands and Mount Claremont.

The suburb’s main shopping centres are City Beach Boulevard, Ocean Village and the major shopping centre in neighbouring Floreat, Floreat Forum.