KARRINYUP. MARKET WRAP UP. Karrinyup continues to shine as one of Perth’s premier coastal suburbs, perfectly blending luxury living with a strong sense of community. Over the past year, the suburb has recorded a significant 23.2% annual growth rate, pushing the median house price to around $1.505 million, a clear sign of Karrinyup’s enduring appeal to a broad mix of buyers. For investors and landlords, the rental market remains robust. The median weekly rent now sits at $900, up 9.1% year-on-year. Well-presented, well-located properties are leasing quickly, meeting steady demand from professionals and families who want that sweet spot between the coast, the city and excellent local amenities. Beyond the numbers, Karrinyup’s lifestyle offerings keep drawing attention. The Karrinyup Shopping Centre, now the largest in suburban Perth, has become one of the city’s best shopping and dining hubs for good reason. With growth comes more traffic, and in response, the City of Stirling is moving to reduce speed limits on key local roads like Milverton Avenue and Clement Drive to discourage rat-running and keep local streets safer — get in touch with the City if you’d like to have your say. On the development front, Blackburne’s West Karrinyup Village has now ticked past the 50% sold mark, so those two new towers are edging closer to reality. And in a nod to sustainability, the Karrinyup Bus Depot has secured a $12.3 million contract to retrofit the site with electric charging infrastructure, setting it up to support up to 110 electric buses — a big step towards greener transport in Perth’s north. And if you see our faces on the back of those too, give us a wave! Properties Sold 166 Average Tenure Period (years) 11.3 Days on Market 14 Median Asking Rent $950/w $$$ $1,701,500 $$ $ * Upper Quartile Price * Median Price $1,480,000 $1,250,000 The 75th percentile sale price of sales over the past 12 months within the suburb. The middle sale price of all transactions recorded over the past 12 months within the suburb. The 25th percentile sale price of sales over the past 12 months within the suburb. MEDIAN PRICE QUARTILES. * Statistics sourced from RP Data Pty Ltd as CoreLogic Asia Pacific and are calculated over a rolling 12 month period.
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