SWANBOURNE rental properties were the western suburbs’ fastest leasing in the year to June, with investors taking an average 38 days to find a tenant.
REIWA data shows this was 14 days faster than the Perth metro area, only outpaced by leasing activity in Gwelup and Banjup. While Swanbourne’s median rent improved in affordability compared to the previous year, coming in at $650 per week, it was $290 higher than the Perth median.
Abel McGrath Property Group senior property manager Stephanie Waters said the suburb had always been a popular choice for tenants, with family homes in high demand by renters wanting to make the most of a location near excellent schools.
“I find a lot of people want to be in the catchment area for Swanbourne Primary School, Shenton College or close to Scotch, MLC, Christchurch, PLC and John XXIII,” she said.
“There are also young couples looking to be close to the beach and younger people who love living in the area.
“Swanbourne has a good community, many fantastic parks and the lake provides a sanctuary away from the hassle and bustle of everyday life.
“There are also great cafes, restaurants and coffees to enjoy with friends and family and good access to public transport, with buses and the train not far away.”
Miss Waters said an original three-bedroom, one-bathroom house could attract a weekly rent of about $380.
“The property would have a lot of character however and may not have all the modern-day amenities, such as airconditioning, cupboard space and built-in robes,” she said.
“The new 1×1 apartments at Aria, which includes a pool and communal lounge areas, are achieving around $450 per week.
“Alternatively, there are exceptional 4×2 houses leasing for around $1600 per week with all the modern amenities.”