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more space for development. This is a
good thing for investors because it helps
protect the value of your property.
“Consequently the development is now
transitioning further south to suburbs like
The streets and pockets closer to
Cockburn Central, often the western
fringe of Atwell, would most likely provide
stronger rental yields, Sterzel says.
Although, the houses on smaller cottage
blocks appear to be popular with both
renters and investors.
“They offer lower maintenance because
there’s less yard to manage, which is
appealing to many renters. The smaller
cottage blocks and dwellings usually offer
a higher gross rental yield compared to
the larger blocks – approximately five per
cent compared to roughly four per cent on
the larger house blocks,” she says.
“Generally the closer the dwelling is to
the Cockburn Central side of Atwell, the
better for renters who need to access the
train station, shopping and jobs. This is
where demand can be strongest.”
Sterzel says families choosing to buy
in Atwell opt for houses on larger blocks,
because they offer more space.
“Because the suburb is family-
orientated, a house close to schools,
parks and shops would be popular and
would most likely yield the strongest
¿ A SECURE INVESTMENT
Investors can usually buy smaller three-
bedroom houses on cottage blocks of
350 to 450 square metres for around
$400,000 to $600,000, while the bigger
four-bedroom, two-bathroom houses on
600-plus-square-metre blocks can go for
$600,000 to $700,000, according to Sterzel.
“There appears to be good demand from
both owner-occupiers and investors with
a low supply of properties for sale, so
there’s pressure on prices,” she says.
Deverell says the market in Atwell has
experienced good growth since February
after two years of limited growth and
activity, especially in vacant land.
“Values in lots have increased 10 to 15
per cent in a short period of time.
Atwell consists generally of four-
bedroom, two-bathroom family houses
and benefits from recent infrastructure
works around Cockburn Central” he says.
Deverell says Cockburn Central is
considered an important activity centre
for the State Government’s Directions
“Harvest Lakes estate, established in the
mid 2000s, was well designed and is well
Atwell Data File
Atwell has a low supply to demand situation. There are few rental properties available
to tenants and there’s an undersupply of for-sale listings. Discounting has been muted.
Incomes in Atwell are growing slightly slower than the Western Australia average. The
proportion of renters to owner-occupiers is below average for Western Australia. Rental
vacancy rates are a tight 1.3 per cent. Stock for sale levels are down by 4.1 per cent year-
Source: SQM Research, www .sqmresearch.com.au (Oct 2013)
SEPT 13 SEPT 12 SEPT 13 SEPT 12
Where to look: Pockets closer to
Cockburn Central and western fringe.
Where to avoid: Properties close to
the freeway where traffic noise is
Walk Score: – Atwell has a Walk
Score of 40/100. Atwell is the 190th
most walkable neighbourhood in
Perth with a population of 8644.
Most errands require a car.
> Improved transport and
> Easier access to the CBD
WHERE TO LOOK1
n Boom: Prices rising strongly
n Seller: Prices rising
n Neutral: No price changes
n Buyer: Prices falling
n Stressed: Prices falling strongly
PEOPLE LOOKING PER PROPERTY AVERAGES7
MEDIAN SALE PRICES: ATWELL 2004-127
n Mortgage holders
LOCAL SALES IN SOUTH ATWELL5
PRICE BEDROOMS SALE DATE
n Separate house (2610)
row or terrace house,
n Flat, unit or
n Other dwelling (0)
WA \\ THE STATES
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