The Real Estate Industry of WA (REIWA) growth report for Two Rocks May 2023 is in, and it shows a thriving, growing suburb with everything on the up!
Over the past 12 months, despite external market factors, Two Rocks has seen significant growth, proving it’s a highly desirable place to live for many people looking for an affordable, coastal lifestyle.
Two Rocks Growth Profile
With a population of just under 3,000 people, Two Rocks is still a relatively small suburb, but its growth rates are well above the Perth average, with the yearly growth rate rising to an impressive 11.4%, compared to the Perth average of 3.1%.
Over the past five years, Two Rocks has grown at a rate of 6.8% while Perth has experienced just 1.6%, and over 10 years, Two Rocks’ growth is at 2% while Perth is only half that at 1%; a clear indication that Two Rocks is a suburb on the up.
Sales have grown to 11.4% over the past 12 months, which is a great indication of the availability and popularity of homes in the suburb, with the median house price now at $470,000, making it an affordable way to enter the property market and live a coastal lifestyle.
Another positive market indicator is the rental growth, seeing an increase to 23.6% along with the median rental price now at $550 per week, locking the suburb in as a desirable place to live with solid investment potential.
A Thriving Coastal Community
One of the key messages we can take from REIWA statistics is that Two Rocks is a great place to join a thriving community.
The suburb has a strong sense of community, with regular events and activities that bring people together. So, whether you’re looking for a beachside adventurous lifestyle, be surrounded by friends and families, or enjoy affordable luxury, Two Rocks has something for everyone.
The $6 million Two Rocks Marina redevelopment is another great reason to consider establishing your home in the suburb.
With brand new boat pens and a vibrant marina right on your doorstep, you can go from your home to being on the water in minutes. Perfect for an avid sailor or simply those who enjoy the coastal lifestyle; the Two Rocks Marina lets you rediscover life on the water and enjoy all the benefits that come with living near the coast.
The Yanchep train line and freeway extension, due for completion this year, means Two Rocks has never been more connected, and is set to boost popularity even further.
These new commuting networks mean Two Rocks is nearer vibrant neighbouring hubs like Joondalup and Perth city, and with easy access to the freeway and train line, you can enjoy the best of both worlds – the peace and tranquillity of coastal living, and the excitement and buzz of a city.
With impressive growth rates, affordable property prices, a strong sense of community and easy access to the coast and city, Two Rocks is a great place to call home. Whether you’re looking to buy, sell or rent property in this suburb, now is the time to do it!
View REIWA’s Two Rocks suburb profile here!
Atlantis Beach
Atlantis Beach estate presents an amazing opportunity to secure an affordable coastal address you’ve been dreaming of. Perfectly located on pristine coast with everything you need, from schools, parks, shopping and transport just a stroll away.
If you’re interested in finding out about house and land availability, contact the Atlantis Beach team on 08 9561 1700.
