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Tree Lined Streets on the Edge of the Perth CBD

Wednesday, 7th Mar 2018

Characterised by tree lined streets and character houses, Shenton Park is one of Perth’s premium inner city locations positioned between the CBD fringe and the affluent Western Suburbs on the edge of Perth’s iconic Kings Park.

Shenton Park is located in the City of Subiaco, approximately 4 kilometres west of the Perth CBD, and 5 kilometres from Perth’s coastline including Perth’s most notorious beaches of Cottesloe and Swanbourne.

It features a population of 4,525, making it a medium sized suburb compared to the ones surrounding it. The current median age is 39 years old, which is older than the Perth median of 36. This age difference is likely due to the amount of empty nesters, as the suburb is a well-established, affluent area.

Due to Shenton Park being in close proximity to the CBD and fringe office suburbs such as Subiaco and West Perth, a very high percentage of 47.8% of its population identify themselves as professionals. This is well above the WA and national average of 20.5% and 22.2% respectively.

The neighbouring suburbs are all in the same upper price bracket as Shenton Park, including Subiaco (north), Daglish (west) and Nedlands (south). The highly coveted Kings Park Reserve is located to the east.

The suburb is well connected, with easy access to the CBD. The major arterial roads include Thomas Street, Railway Road and Nicholson Road. The suburb boasts many bus routes with most of the residential zone being in close proximity to a bus stop. The Fremantle train line dissects the suburb with the Shenton Park Station servicing the majority of the residential area as well as Shenton College. The ease of accessibility is a major driver for the high portion of professional workers heading in to the city.

The median house price is $1,175,000 with the dwelling stock comprising 67.4% housing, 14.7% semi-detached dwellings and 17.9% apartments, making the area a mix of residential densities suitable for such an inner city location.

The area is primarily zoned R20 (low density), with pockets of R50 and R80 zoning nearby the train station and on the main arterial roads. The area is built out to its current residential limits with very little development options, apart from updating older stock. This has led to a shortage of stock in the area, helping drive prices which has consistently placed Shenton Park in the top 10 for shortest days on market for sale stock in Perth.

Residences in the area date back to some of the very early housing in Perth, with early 1900s housing commonly still found throughout the tree lined streets. Expensive renovations are common practice throughout Shenton Park’s character zones. Apartments and grouped dwellings in the form of villas were introduced in the 1960s, as well as modern developments in recent years. The housing stock is predominantly single storey renovated character homes.

The highly demanded inner city suburb is driven by its high level of amenity, including a train station and a highly rated public high school within its suburb limits, as well as large health, education and office hubs on the suburbs peripheries, all whilst being in walking distance to Kings Park.