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Serpentine, WA 6125

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Strong Growth

Median House

$1,430,000

market range $1.3M-$1.5M

Median Unit

$530,000

Gross Yield (houses)

3.5%

1yr Growth (houses)

+19.2%

market range +10.0% to +42.5%

Investment snapshot for Serpentine

Serpentine has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Serpentine market and investor summary

In Serpentine, WA 6125, the median house sells for around $1.4M, on a gross rental yield of 3.5% for houses. House prices have moved +19.2% over the past year and +57.4% over three years. At 2.1% vacancy, it is a broadly balanced rental market.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.5% will not cover holding costs in the early years, so the case leans on price appreciation.

Living in Serpentine: people, income and schools

About 2,863 people live in Serpentine, and the area has been growing steadily, up about 11% over five years. At a median age of 45, it reads as skewed a little older, and 88% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $102,000 a year (about $1,960 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Serpentine sits about 47 km from the CBD. It is fairly car-dependent; the suburb scores 21 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
2,863
+11% over 5yr
Median age
45 years
Median household income
$102,000/yr
Households renting
8%
Family households
81%
Socio-economic rank
7/10
ABS advantage index
Schools within 5km
2
avg ICSEA 983
Unemployment
3.1%
Distance to CBD
47 km
Walk score
21/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Serpentine

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Frequently asked questions about Serpentine

What should I check before investing in Serpentine?

Serpentine has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +19.2% in the past year shows strong recent price momentum. 3-year capital growth of +57.4% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Serpentine?

The median property price in Serpentine, WA 6125 is $1.4M for houses and $530K for units.

What rental yield does Serpentine show?

The gross rental yield in Serpentine is 3.5% for houses and 3.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Serpentine?

House prices in Serpentine are up 19.2% over the past year and up 57.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Serpentine?

The current vacancy rate in Serpentine is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.

How many people live in Serpentine?

Serpentine has a population of approximately 2,863 residents, with a median age of 45.

What schools are near Serpentine?

There are 2 schools within roughly 5km of Serpentine. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Serpentine affordable to buy in?

A median house in Serpentine costs about 14.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Serpentine's population growing?

The population of Serpentine has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Serpentine from the CBD?

Serpentine is about 47 km from the CBD.

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