Kenwick is approximately 13-14km from the Perth CBD, with around 1715 homes in the area. Although the number of homes in the area is over 1500, the average annual turnover of property is only 54 making Kenwick a Niche Marketplace.
With the close proximity to Perth City, and local amenities like Westfield Carousel, Beckenham Bulkyplex & Cannington Leisureplex this location is sought after by first home buyer and some developers. With cheaper prices experienced across the board in Kenwick, buyers must make properties in the suburb high on their “to see” lists. Kenwick currently has approximately only 25% of its 1715 homes as rental or investment properties, you can see that 3/4 of the suburb actually live here, due to the fact that first home buyers make up majority of the buying population.
With the average selling price in Kenwick sitting at $263,000 (Dec 11′), with all the available amenities and facilities surrounding the suburb, it makes sense to live here.
Approximate annual growth for Kenwick over the past 10 years to 2012 has been 10.22% per annum.