The Vines Short-Term Rental (Airbnb) Market
The Vines WA Investment Analysis
SUBURB INVESTMENT BRIEF — The Vines, WA 6069 LGA: Generated: 2026-04-11 | Estait AI Analysis
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EXECUTIVE SUMMARY
Overall Score: 64/100 — Hold
The Vines rates as "Hold" due to tight rental market (0.6% vacancy).
The Vines sits in a growth phase of the property cycle with an overall investment score of 64 out of 100. This assessment reflects the suburb's growth trajectory, rental market health, economic resilience, and infrastructure positioning within the WA market.
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MARKET POSITION
Median house price: $1,100,000 Median unit price: $212,329 Median weekly rent: $800/week Days on market: 17 days (improving)
The Vines sits within the mid-market segment in the WA property landscape. Properties are spending an average of 17 days on market, indicating strong buyer competition.
Comparable suburbs: - Albany (WA): Median $855,000, yield 3.6%, 1yr growth 17.1% - Alexander Heights (WA): Median $825,000, yield 4.7%, 1yr growth 13.2% - Aubin Grove (WA): Median $935,000, yield 4.1%, 1yr growth 20.0%
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RENTAL MARKET
Gross rental yield: 3.8% Net rental yield: 2.3% Vacancy rate: 0.6% (improving) Rental demand: Very High
The rental market in The Vines is characterised by very high demand with a vacancy rate of 0.6%, which is well below the national average of approximately 2.5%. Vacancy is trending improving, supporting landlord pricing power.
Short-term rental data indicates a median nightly rate of $165 with an estimated occupancy of 66%. This translates to an estimated annual STR revenue of $39,748 before expenses. Long-term rental at $41,600/year may offer comparable or better risk-adjusted returns given lower management overhead.
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GROWTH OUTLOOK
Population growth (5yr): -0.3% Price CAGR (5yr): 5.2% Capital growth (3yr forecast): 5.9% Supply pipeline: Low
Price growth outpacing new supply, limited development pipeline
Infrastructure & transport: - No major infrastructure projects identified. Transport: Standard suburban transport access
If The Vines maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $1,265,000 within 3 years with yields compressing slightly as capital values rise.
At current trajectory (-0.3% growth, 0.6% vacancy, 3.8% yield), The Vines offers steady returns with moderate capital appreciation in line with broader market trends.
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RISK ASSESSMENT
Market cycle position: Growth Vacancy risk: Low
Key risks: - No significant risk factors identified for this suburb
Interest rate sensitivity (est. monthly repayment on median house price, 80% LVR): - At 7%: $5,855/month - At 8%: $6,457/month - At 9%: $7,081/month
A market correction or interest rate shock could see prices in The Vines pull back 10-15% from $1,100,000, with vacancy rising to 1.1% and rental yields softening as tenants gain leverage.
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LIVEABILITY
Affluence rating: Above Average Safety score: 5.9/10 Walkability: 50/100 Owner-occupied: 32%
Schools: - The Vines Public School (primary): Rating 9.9/10 - The Vines East Public School (primary): Rating 9.4/10 - The Vines West Public School (primary): Rating 8.9/10 - The Vines High School (secondary): Rating 10.0/10
The Vines offers a balanced lifestyle proposition with average safety ratings and moderate walkability. The 32% owner-occupier rate indicates a predominantly rental market.
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RECOMMENDATION — HOLD
The Vines offers balanced fundamentals but does not present an urgent buying signal. The market is in a growth phase with low vacancy risk.
Conditions: Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.3%.
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KEY ACTION ITEMS
1. Shortlist properties in the $990,000 - 1,210,000 range for deeper analysis 2. Verify current vacancy and rental rates with local property managers 3. Assess STR regulatory environment with local council 4. Model cash flow at 7%+ interest rates before committing 5. Engage a buyer's agent with The Vines market expertise for off-market opportunities
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Disclaimer: This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.