Coogee Beach, WA
Our research team are always on the lookout for new, up-and-coming suburbs around Australia that show strong capital growth prospects.
Recently, our research team have had their eyes on the idyllic coastal suburb of Hammond Park in Western Australia.
Hammond Park is a low residential housing market that boasts a variety of parks, sporting facilities, walking and bike tracks and has a mix of highly regarded public and private schools.
The Hammond Park suburb is highly demanded by young couples and families due to the proximity to the Perth CBD offering city living, as well as lifestyle aspects of nearby beaches and beautiful open spaces.
Market Location And Key Amenities.
The Hammond Park market is geographically well-positioned within:
30 minutes to Perth CBD
25 minutes to Fremantle
15 min from Coogee Beach
10 minutes to Perth Naval Base
11 minutes to Murdoch University
Additionally, the suburb has all the key amenities required by families and is close to three shopping centres that include:
The Park Hive Shopping Centre
Cockburn Gateway Shopping Centre
Harvest Lakes Shopping Centre
Families of the suburb have many choices when it comes to education. Schools include Hammond Park Secondary College, Hammond Park Catholic Primary School, Hammond Park Primary School, Next Generation School of Early Learning Great Beginnings and are only a short distance from Murdoch University
In addition the suburb is within close proximity to local medical facilities and hospitals including the Fiona Stanley Hospital and the St John of God Murdoch Hospital.
Residents of Hammond Park also have the option of commuting to the city via the nearby train station in Aubin Grove train station, located only 3 minutes drive away, which is approximately a 20-minute commute to the Perth CBD.
This close proximity will have a positive influence on potential homeowners and investors in the future.
The Hammond Park residential property market will also benefit from surrounding employment sectors such as the Defence training Naval Base campus (TAFE WA) located only 10 minutes from the suburb itself.
‘Opened in 2019, Naval Base campus is a purpose-built facility designed to provide students and apprentices with hands-on experience in a real-life industry setting. This campus houses the delivery of heavy fabrication, marine fabrication, welding and composite apprenticeship training with a large focus on Western Australia’s growing shipbuilding industry.’ [1].
Property Market Statistics.
36.4% of the workforce in Hammond Park are Managers and Professionals. This is representative of an affluent, white-collar demographic [2].
74.2% of the market is an owner-occupier indicating the overall demand of the area but also assists in reducing overall potential risk with only 23.9% renting [2].
Vacancy rates: 0.6% (July 2021) - a clear indication of an undersupplied market and increase pressure on rental prices) [3].
Strong rental yields at 5.2% for houses (October 2021) [3]
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Next Steps
Looking to get the property investment conversation started?
Or, just looking to stay in the loop?
Jarryd Gauci – Property Investment Consultant
P: (02) 9939 3249
Disclaimer: When considering purchasing a property, it's always prudent to seek the advice of an appropriately qualified professional to determine which strategy is most appropriate for your circumstance.
References:
[1] South Metro TAFE
[2] ABS
[3] SQM Research