687 Hay Street, Jolimont, WA 6014
Offers closing by Tue 6th Oct 2pm
4 3 2
Open Saturday 19 September 11:15 amOriginally part of the 'nursery' lands and dairy farms between Perth and Fremantle, Jolimont developed significantly in the post-WWII era. It has transitioned from a modest worker's suburb to one of Perth's most desirable western enclave locations.
A sophisticated blend of mid-century character homes, 1990s executive residences, and the award-winning Parkside Walk sustainable apartment precinct.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Jolimont offers a 'best of both worlds' scenario: the prestige of the Western Suburbs without the isolation of the coast. Its small footprint ensures exclusivity and long-term value retention.
$1.6m – $3.8m
$550k – $1.2m
12-month movement
Current asking rents
The price gap between houses and units is significant, reflecting the high land value. Investors and downsizers are increasingly targeting the apartment sector for more affordable entry.
Price comparison
Median price ÷ median income
Estimated rental yield
Jolimont is one of Perth's least affordable suburbs for houses. Buyers are typically trading up from smaller inner-city dwellings or relocating for school catchments.
Lower = tighter market
Avg time on market
Annual rental increase
Corporate professionals, medical staff from nearby hospitals, and families seeking school entry.
Excellent for capital growth and low vacancy. Cash flow is secondary to long-term equity gains in this blue-chip location.
Expect continued outperformance of the broader market, though growth rates may stabilize as prices reach premium levels. The 'school zone' premium remains the strongest hedge against downturns.
vs last 12 months
Relative comparison
Standard security measures are sufficient. Most incidents are opportunistic; ensure vehicles are locked and garages closed.
Low environmental risk, primarily focused on heritage restrictions and the high cost of entry.
Low risk; minor localized ponding possible near Mabel Talbot Park during extreme events.
Negligible risk.
Standard premiums apply; no significant environmental loading identified.
Character Protection Area (City of Subiaco)
Parkside Walk precinct and Subiaco East redevelopment boundary.
Zoning is restrictive in the character areas, preserving value but limiting subdivision potential. New developments are concentrated in specific high-density zones.
Excellent rail access via Daglish; well-serviced by Hay St and Salvado Rd bus routes.
High-end retail and dining in Subiaco; local convenience at Floreat Forum nearby.
Mabel Talbot Park is a local jewel; Henderson Park and Perry Lakes are within walking distance.
Arguably the best public school combination in Western Australia.
Minutes from the QEII Medical Centre and St John of God Subiaco.
A highly educated, affluent demographic dominated by professionals in health, law, and finance.
The high owner-occupancy and income levels suggest a stable community with high pride of ownership and maintenance standards.
The completion of Parkside Walk has set a new standard for urban infill, with nearby Subiaco East providing future amenity.
Residents value the 'hidden gem' status of Jolimont, frequently citing the school zone and the friendly, safe atmosphere as primary reasons for staying long-term.
We moved here specifically for Shenton College and it was the best decision we ever made for our kids' education.
The new apartments at Parkside are fantastic. I can walk to the train and still feel like I'm living in a park.
The land value here never seems to dip. It's a very safe place to park capital.
Love being so close to Subi without the noise. It's a bit pricey, but worth it for the peace.
I feel completely safe walking the dog at night. Everyone knows their neighbors here.
Great place to live but the rent increases are getting a bit out of hand lately.
Position the property as an 'exclusive lifestyle investment' that secures a child's educational future. Emphasize the rarity of the offering in a suburb where residents rarely leave.
Blue-chip capital growth play with extremely low vacancy risk.
Low rental yields compared to purchase price; high entry costs.
Access to elite schools and a safe, high-amenity neighborhood.
High rents and intense competition for family-sized homes.
Ensure all smoke alarms and RCDs meet the latest WA safety standards before any new tenancy.
The 'Education Capital' of the Western Suburbs; Where Heritage meets Modern Sustainability.
Established professional families (35-55) and affluent downsizers from Floreat or City Beach.
This report is for informational purposes only and does not constitute financial or legal advice. Data is based on 2024-2025 trends projected to 2026. Buyers should conduct their own independent due diligence and consult with qualified professionals before making any property purchase.
Offers closing by Tue 6th Oct 2pm
4 3 2
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