Suburb report · WA 6102
St James
Prepared by the property strategists at Chase Wealth Australia
Report generated on 3 July 2026
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Investment Score
Steady
St James sits at the established end of the Western Australia market with entrenched owner-occupier demand, with houses at $1.23M and units at $858k. Annual growth of 7.9% points to a steady but durable market, underpinned by tight rental supply.
Median House Price
$1,230,000
+7.9% p.a.
Median Unit Price
$857,500
+6.3% p.a.
Gross Rental Yield
5.7%
Population
4,765
Median Price History
Location
Rental Market
Demographics
Market Insights & Analysis
Steady GrowthKey Price Drivers
- Established lifestyle appeal with entrenched owner-occupier demand supporting price resilience
- Vacancy at 1% signalling acute rental undersupply and upward pressure on rents
- Gross yields around 5.7% supporting cash-flow-positive strategies at current lending rates
- Constrained new-supply pipeline limiting stock relative to population demand
Recent Developments
- New transport and services investment improving connectivity to employment hubs
- Growing rental demand from a deepening local employment base
- Renovation and infill activity gradually upgrading the housing stock
Outlook
The suburb is positioned for continued steady appreciation, driven by scarcity value and lifestyle demand. Growth rates may moderate from current levels as the market cycle matures.
Strengths & Risks
Strengths
- + Established lifestyle appeal with deep owner-occupier demand anchoring valuations
- + Gross rental yield of 5.7% supporting serviceability and cash flow
- + Very tight vacancy (1%) indicating robust tenant demand
- + High owner-occupier share (73.6%) stabilising the neighbourhood profile
Risks
- – High entry price limits the buyer pool and can constrain future appreciation velocity
- – Economic sensitivity affecting discretionary spending and rental demand during downturns
- – Regulatory and lending changes affecting investor appetite and property management costs
Investment Consideration
A patient, fundamentals-first hold. Best suited to investors prioritising land value and long-run demographics over near-term momentum.
Price Growth Summary
| Annual | 3yr est. | 5yr est. | |
|---|---|---|---|
| Houses | +7.9% | +25.6% | +46.3% |
| Units | +6.3% | +20.1% | +35.7% |
Growth Projection Calculator
See what your investment could be worth if current growth trends continue.
| Timeframe | Projected value | Capital gain |
|---|---|---|
| 5 years | $1,798,922 | +$568,922 |
| 10 years | $2,630,992 | +$1,400,992 |
| 15 years | $3,847,927 | +$2,617,927 |
| 20 years | $5,627,740 | +$4,397,740 |
Projections use a compounding growth rate capped at 10% p.a. Defaults are pre-filled from this suburb's modelled house data (7.9% p.a.). Past performance does not guarantee future results. Figures are illustrative only.
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This report is modelled market intelligence prepared by Chase Wealth Australia for general information only. Figures are statistical estimates for the suburb, not valuations of any individual property, and do not constitute financial or credit advice. Consider your circumstances and seek professional advice before acting. Estimates are modelled from suburb-level indicators including price tiers, rental conditions and demographic profiles.