Innaloo Real Estate Market & Suburb Profile

Innaloo Real Estate & Property Market

Innaloo is a thriving suburb 10 km north-west of Perth CBD, according to the REIWA Suburb Profile, valued for its mix of suburban comfort and urban amenities. Situated within the City of Stirling, Innaloo has long been known for its major shopping and entertainment facilities, and its strategic location between the city and the coast. With roughly 8,250 residents, the area has a diverse demographic including young professionals, growing families, and older long-term homeowners. Innaloo’s appeal lies in an “enviable mix of urban and suburban benefits”—it’s minutes from some of Perth’s best beaches (Scarborough is just 4 km away), contains one of the city’s largest shopping centers, and has abundant parks and local schools embedded in its residential pockets.

• Lifestyle and amenities:

The centerpiece of Innaloo is the Westfield Innaloo Shopping Centre, a regional retail hub with over 170 stores, cinemas, and dining options. This mall, soon to be rebranded as “Westfield Stirling” after a planned expansion, is a one-stop destination for shopping, services, and entertainment, drawing visitors from across Perth’s north-west. Just across Scarborough Beach Road is a cluster of big-box retailers and the Innaloo Megacentre, adding to the shopping conveniences. For leisure, locals have easy access to Event Cinemas Innaloo, one of the city’s main movie theaters, perfect for weekend outings.

Innaloo is also well-served by parks; you’ll find green spaces and playgrounds tucked throughout the area; Yuluma Park and Millet Park are particularly popular. The suburb’s residential streets are dotted with smaller local shops (such as the Morris Place shopping strip, which serves daily needs) and community facilities. Being adjacent to Stirling Train Station (technically in the next suburb, but benefiting Innaloo residents), the suburb has excellent public transport. There’s a frequent bus service linking Innaloo to Stirling Station, making city commutes easy via train. On top of that, Innaloo’s proximity to Mitchell Freeway means driving into Perth or elsewhere is straightforward. For those craving the ocean, vibrant Scarborough Beach—with its redeveloped foreshore, pools, and cafes—is only a 5-minute drive west, giving Innaloo residents a taste of the coastal lifestyle without the coastal price premium.

Housing in Innaloo ranges from older war-era cottages to modern townhouses. Innaloo’s streets show its evolution: many original post-WWII homes (often modest weatherboard or brick houses) have been renovated or replaced by new infill developments, as detailed by the City of Stirling. In recent years, numerous duplexes, triplexes, and low-rise apartments have sprung up, reflecting the suburb’s gradual increase in density. Yet, Innaloo retains a charming feel with tree-lined streets and a strong sense of community—87% of residents report being satisfied with the area’s liveability, according to the City of Stirling.

Innaloo Real Estate Suburb Review

The Innaloo real estate market is robust as of mid-2025, driven by its location and the continual uplift of the area. The median house price in Innaloo is approximately $875,000, according to the REIWA Suburb Profile, representing about 19% annual growth in values. This places Innaloo firmly in the upper-middle bracket of Perth’s property market. Houses in Innaloo have historically been more affordable than those in neighboring coastal suburbs (like Doubleview or Karrinyup), but the gap is narrowing as Innaloo experiences strong capital growth. In the past year alone, many homes in Innaloo have increased in value by well over $100k, and the suburb has seen properties frequently breaking into the “$800k–$1M club.” Innaloo’s sales growth of approximately 19% aligns with the broader trend of high demand in Perth’s well-located suburbs.

Several factors contribute to this growth:

Location: Innaloo’s convenience to the city, coast, and commerce is hard to beat.

Amenity improvements: The recent multi-million dollar redevelopment of nearby Karrinyup Shopping Centre (completed 2021) and planned expansion of Westfield Innaloo have put a spotlight on the area, attracting buyers who anticipate lifestyle and value upside.

Housing renewal: New and modern residences in Innaloo are commanding top dollar, lifting the median as older homes are replaced or upgraded.

Breaking down the market: Innaloo’s housing stock includes a mix of standalone houses and grouped dwellings (villas, townhouses). For detached houses, the median is around $875k, but larger renovated houses or homes on subdividable full blocks can fetch well above $1 million, especially if they border Doubleview or Woodlands. Meanwhile, unit and townhouse prices are also strong—the median unit price is roughly $597,500, as detailed by REIWA. Many 2–3 bedroom villas sell in the $500k–$700k range, depending on age and design. Interestingly, units in Innaloo have shown significant price growth as well (some data suggests around 14–18% YoY for units), fueled by first-home buyers and downsizers finding great value in the area. One recent report highlighted that Innaloo’s unit median soared to about $600k with over 16% growth, reflective of new boutique apartment developments that have hit the market.

Buyer demand: Properties in Innaloo generally do not stay long on the market. The average days on market for houses has been around 12 days in the past year, which is incredibly fast according to Real Estate Investar. Well-priced listings often go under offer after the first home opens. The suburb appeals to a wide buyer pool—young professionals who love the easy commute and entertainment options, families drawn to parks and reputable nearby schools such as Yuluma Primary or Churchlands Senior High School catchment (for some parts), and investors who see continuous rental demand.

Rental market Currently, the rental market in Innaloo is very tight. The median rent for a house is about $800 per week, up approximately 14% over the year, and for units around $725 per week, according to REIWA. These high rents give investors decent yields (~4–5%), thanks to proximity to employment hubs and the beach. It’s worth noting that Innaloo was among the suburbs with the fastest leasing times in early 2025—median leasing took only 8 days on market, a statistic it shared as the quickest with only one or two other suburbs in Perth, as highlighted by REIWA’s market update.

In summary, Innaloo’s real estate market is flourishing in 2025. Steady growth, quick sales, and strong buyer interest define the market. As Perth’s overall market remains on an upswing, Innaloo stands out as a suburb combining lifestyle and investment potential, suggesting its positive trajectory will continue.

Innaloo Infrastructure and Developments

Innaloo and its immediate surroundings are seeing several infrastructure projects and development plans that promise to further enhance the area:

Stephenson Avenue Extension & Stirling City Centre:

For Innaloo residents, this means less congestion on local roads like Scarborough Beach Road (as traffic diverts to the new Stephenson Ave) and, in the long term, a potential new commercial precinct with offices, apartments, and retail just next door. As of early 2025, construction is well advanced—new bridges over the freeway have been launched and roadworks are set to complete by late 2025. This infrastructure will significantly boost property accessibility and values in Innaloo, effectively bringing a “city centre” environment to the suburb’s doorstep while also easing traffic flow for locals.

Westfield Innaloo Shopping Centre Redevelopment:

Westfield Innaloo (renamed “Karrinyup Innaloo” in some documents or proposed as “Westfield Stirling”) has long had plans for a massive redevelopment. Initially, a $600 million expansion was proposed to double its size to 110,000 m², making it one of WA’s largest malls. Although the project was deferred in 2019, Scentre Group (the center’s owner) remains committed to upgrading the center. There are expectations that plans will be revived in the coming years, potentially bringing new retail, dining, entertainment facilities, and even residential components to the precinct. The future vision might include a modernized cinema complex, outdoor restaurant plaza, and additional specialty shops to keep pace with nearby Karrinyup. The prospect of this redevelopment already adds to Innaloo’s allure—buyers anticipate the convenience and lifestyle boost it will bring. Even ahead of construction, Westfield Innaloo recently welcomed new stores and minor refurbishments to enhance the shopping experience. Once substantial works commence, one can expect a further uptick in local property interest due to improved amenities.

Local Development Projects:

Innaloo is experiencing pockets of private development. One notable project is a planned 122-apartment development opposite Westfield Innaloo on Oswald Street, combining two sites. Plans lodged with the City of Stirling outline multi-story apartment buildings with ground-floor retail, indicating a trend towards transit-oriented development near Stirling Station. Additionally, smaller boutique apartment complexes (20–30 units) have been built along key streets like Hertha Road and Sunray Drive in recent years, adding modern housing options. These projects are attracting downsizers and young buyers, contributing to the suburb’s evolution. The City of Stirling is also focusing on improving local centres like Morris Place—community feedback has led to initiatives to beautify and revitalize these neighbourhood shopping areas, addressing issues like safety and streetscape to make them more attractive community hubs.

Transport and Connectivity:

Public transport for Innaloo will benefit from the aforementioned Stephenson Avenue/Stirling interchange upgrade. Additionally, Stirling Train Station itself might see future enhancements as part of the Stirling City Centre plan—possibly more parking or integrated bus connections. For cyclists, the extension of the Mitchell Freeway Principal Shared Path now provides a safer cycling route into the city. The City of Stirling has advocated for a light rail or rapid bus transit to connect Glendalough Station through Innaloo to Scarborough (a concept under discussion to improve east-west connectivity). While not confirmed, any such transit solution would further amplify Innaloo’s connectivity.

In summary, Innaloo is on the cusp of significant infrastructure-driven change. The combination of the Stephenson Avenue project, potential Westfield expansion, and continuous local development improvements will shape Innaloo into an even more accessible, modern, and vibrant suburb. These enhancements are likely to have a positive impact on property values and the lifestyle of residents, ensuring Innaloo remains a highly desirable area in Perth’s inner north-west.

Why Xceed Real Estate is Innaloo’s Go-To Agency for Sellers

Innaloo and its immediate surroundings are seeing several infrastructure projects and development plans that promise to further enhance the area:

Stephenson Ave. Extension & Stirling City Centre

Just on Innaloo’s eastern fringe, a major road infrastructure project—the Stephenson Avenue Extension (Phase 2)—is underway. This approximately $280 million project will extend Stephenson Ave from Scarborough Beach Road through to Cedric Street and include a new freeway interchange at Stirling. It will create a new north-south road corridor and improve access to and from Innaloo and Osborne Park. The project also involves upgrading the Stirling Train Station bus interchange and opening up 55 hectares of currently landlocked land for development into a future Stirling City Centre. For Innaloo residents, this means less congestion on local roads like Scarborough Beach Road (as traffic diverts to the new Stephenson Ave) and, in the long term, a potential new commercial precinct with offices, apartments, and retail just next door. As of early 2025, construction is well advanced—new bridges over the freeway have been launched and roadworks are set to complete by late 2025. This infrastructure will significantly boost property accessibility and values in Innaloo, effectively bringing a “city centre” environment to the suburb’s doorstep while also easing traffic flow for locals.

Westfield Innaloo Shopping Centre Redevelopment

Westfield Innaloo (renamed “Karrinyup Innaloo” in some documents or proposed as “Westfield Stirling”) has long had plans for a massive redevelopment. Initially, a $600 million expansion was proposed to double its size to 110,000 m², making it one of WA’s largest malls. Although the project was deferred in 2019, Scentre Group (the center’s owner) remains committed to upgrading the center. There are expectations that plans will be revived in the coming years, potentially bringing new retail, dining, entertainment facilities, and even residential components to the precinct. The future vision might include a modernized cinema complex, outdoor restaurant plaza, and additional specialty shops to keep pace with nearby Karrinyup. The prospect of this redevelopment already adds to Innaloo’s allure—buyers anticipate the convenience and lifestyle boost it will bring. Even ahead of construction, Westfield Innaloo recently welcomed new stores and minor refurbishments to enhance the shopping experience. Once substantial works commence, one can expect a further uptick in local property interest due to improved amenities.

Local Development Projects

Transport and Connectivity

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