Vines and valleys: The perks of Caversham, WA

The report and ranking drew on the insights of a 12-strong investment expert panel and recent housing performance gathered from open-source data, and aims to give unparalleled insights into the Australian suburbs which are set for future growth.

Located just 14 kilometres north of the Perth city centre, Caversham offers residents an ideal mix of natural beauty and urban convenience.

Despite seeing double-digit price growth in the past 12 months, Caversham is still relatively affordable compared to east coast cities, with a median house price below $600,000.

For those after quick connections to the city, Caversham benefits from good bus links, proximity to major roads, and is located a short 12-minute drive from Midland Station, which is currently undergoing a brand new $330 million rebuild. Once works are completed, residents will be able to reach the Perth CBD in under 30 minutes.

But for those in search of a slower pace of life, Caversham also offers an abundance of opportunities for rest and relaxation.

The suburb is home to a multitude of vineyards as part of the Swan Valley wine region, with scenic parks and walking trails also on offer.

For families, a short walk into the nearby bushland reserve of Whiteman Park takes you to Caversham Wildlife Park, a local institution that has been up and running for nearly 40 years.

With over 2,000 animals, birds and reptiles, Caversham Wildlife Park prides itself on being the “largest privately owned collection of native wildlife in Western Australia”.

Today, Caversham offers a mix of established 20th-century homes, fixer-uppers, pristine new builds, and generous residential and rural land parcels ripe for development.

Three- and four-bedroom homes dominate the market, though a more select number of townhouses and units are also available for buyers with an eye for a bargain.

Caversham isn’t the only Perth suburb to make it into Smart Property Investment’s FAST 50 report, with Western Australia taking out over 50 per cent of the top spots.

This year, City of Kwinana suburbs like Medina fared particularly well in the ranking, while last year the suburbs of Greenfields, Armadale and Gosnells proved popular with savvy investors.

Check out the full FAST 50 2025 report here.