All About Marangaroo, Wanneroo, WA, 6064

Marangaroo, located within the City of Wanneroo in Western Australia, has seen a dynamic shift in its housing market, characterized by steady demand and modest growth. The suburb features a mix of housing options, primarily consisting of single-family homes, which appeal significantly to families and first-time homebuyers. In recent years, the real estate market here has experienced gradual price increases, reflective of broader trends in the Perth metropolitan area. Proximity to essential amenities such as shopping centers, schools, and public transport has bolstered its attractiveness. Marangaroo’s housing market is competitive yet approachable, offering potential buyers and renters a more affordable entry point compared to more central Perth locations.

Living in Marangaroo offers a blend of suburban tranquility and convenient urban access, making it particularly suitable for families and individuals seeking a balanced lifestyle. The area is known for its greenery, with several parks and recreational areas, such as the popular Marangaroo Golf Course, providing residents with plentiful outdoor activities. The community vibe is strong, fostering a safe and welcoming environment that appeals to retirees and young families alike. Essential services and facilities are within easy reach, and the close-knit nature of the suburb ensures that residents enjoy both comfort and connection. Overall, Marangaroo combines the peace of suburban life with proximity to the bustling activity of Perth, offering residents a unique living experience.

Marangaroo Real Estate Market Outlook

Thinking about buying in Marangaroo? Now could not be a better time, with 4109 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $637,000 with prices in this suburb ranging from $225,000 to $106,564,000. Marangaroo is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Marangaroo are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Marangaroo leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Marangaroo necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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