All About Alfred Cove, Melville, WA, 6154

Alfred Cove, located in the City of Melville in Western Australia, boasts a highly sought-after housing market characterized by its attractive blend of suburban tranquility and proximity to essential amenities. This suburban enclave is situated along the picturesque Swan River, offering residents scenic views and a peaceful environment that appeals to families, professionals, and retirees alike. The housing market in Alfred Cove features a diverse mix of properties, ranging from charming older homes to modern architectural residences, providing potential buyers with a range of options. Over the years, the area has seen consistent demand, partly due to its strategic location near Perth’s central business district and excellent transportation links, which have bolstered property values. The local real estate landscape displays a relatively stable market with few fluctuations, making it a desirable area for those looking to invest in long-term residential properties.

Living in Alfred Cove is an experience marked by community spirit, natural beauty, and convenient lifestyle offerings. The suburb is well-known for its lush parks and open spaces, such as the iconic Wireless Hill Park, which provide residents with ample opportunities for outdoor recreation and leisure activities. Locals enjoy a strong sense of community with access to high-quality schools, healthcare facilities, and a variety of shopping and dining options. The area’s proximity to the Swan River not only enhances its scenic charm but also supports a range of water-based activities, which are popular among residents. The blend of suburban tranquility with close urban connections offers an ideal lifestyle balance, making Alfred Cove a gem within the Perth metropolitan area. This harmony of peaceful living combined with access to modern conveniences truly exemplifies the allure of residing in Alfred Cove.

Alfred Cove Real Estate Market Outlook

Thinking about buying in Alfred Cove? Now could not be a better time, with 1496 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,136,000 with prices in this suburb ranging from $402,000 to $5,036,000. Alfred Cove is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Alfred Cove driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Alfred Cove ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Alfred Cove provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Alfred Cove requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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