Our property management team has found another great family-friendly Perth suburb: Bibra Lake. Bibra Lake is located roughly 16 km south of the Perth CBD. It is a suburb within a suburb, surrounded by the City of Cockburn.
The Demographics
Bibra Lake has a population of 5,954 according to the 2011 Census, with 51.7% females and 48.3% males. Like many of the smaller suburbs, the median age of its residents is 39 years, two years higher than the average for Australia. 52.9% are married, while 31% have never been married.
Unemployment is at 3.5%, with 60% working full time and 29.3% working part time. 20.3% of the workers are professionals, while 17.2% are tradies and techs. 16.5% are administrative and clerical workers, 11.5% are managers, 10.3% are sales workers, 10.3% are community and personal service workers, 7.3% are labourers and 5.4% are machinery operators and drivers.
The median individual income is $694 per week, while the median household income is $1525 per week. Median rent is $517 for a house. The current median for a home is $550,000 while the median price for a unit is $352,500. Only 14.3% of homes are rented.
Bibra Lake Reserve
Bibra Lake Reserve is a nice, family-friendly park on the shore of Bibra Lake. The Reserve has a plethora of playground equipment and encourages family outings. They have picnic tables and BBQ facilities for picnicking. They also have a large grassy area and the Adventure Playground. Every September, the reserve hosts the Bibra Lake Fun Run. The Reserve is located on Progress Drive in Bibra Lake.
Why We Like Bibra Lake
Bibra Lake fits our investment property formula perfectly. It is a family-friendly Perth suburb with access to plenty of amenities. It has a small-town environment that encourages tenants to stay for a long time. It is a beautiful and pastoral place that has reasonable access to the Perth CBD. In addition, the small amount of rental properties creates a high demand.
If you would like to know more about investment property in Bibra Lake or any other Perth suburb, call 1300 472 427 today.
