Thinking about buying in Waikiki? Now could not be a better time, with 5466 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $543,000 with prices in this suburb ranging from $221,000 to $1,900,000. Waikiki is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $333.71 |
Median Monthly Mortgage | $1573.71 |
Median Persons Per Bedroom | 0.69 |
Average Household Size | 2.71 |
Average Age | 40.41 |
Average Income | $706.18 |
Average Cars Per Dwelling | 1.89 |
Average Properties Within 50M | 11 |
1 Bed  $523,000 |
2 Bed  $521,000 |
3 Bed  $476,000 |
4 Bed  $587,000 |
5 Bed  $755,000 |
6 Bed+$851,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Waikiki are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Waikiki 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. High density population in Waikiki requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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.
South Coast Baptist College
Waikiki Primary School
Charthouse Primary School
East Waikiki Primary School
Malibu School
Cooloongup Primary School
Rockingham John Calvin School
Safety Bay Senior High School
Warnbro Primary School
Living Waters Lutheran College
(While the above schools are located with the suburb of Waikiki there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.7 | 19.1 | 27.2 | 49.7 | 82.9 | 7.0 | 28.5 |
Feb | 0.8 | 19.7 | 28.3 | 48.1 | 82.7 | 6.5 | 25.1 |
Mar | 0.5 | 18.7 | 27 | 48.7 | 82.7 | 6.2 | 20.6 |
Apr | 1.1 | 16.6 | 24.3 | 52.8 | 85.4 | 5.3 | 15.0 |
May | 2.4 | 13.8 | 21.3 | 53.9 | 86.2 | 5.2 | 11.7 |
Jun | 3.5 | 12.3 | 19.0 | 58.4 | 88.0 | 5.3 | 9.6 |
Jul | 4.2 | 11.5 | 17.9 | 59.6 | 89.7 | 6.0 | 10.2 |
Aug | 3.2 | 11.4 | 18.2 | 59.1 | 89.9 | 5.7 | 12.8 |
Sept | 2.8 | 12.0 | 19.0 | 58.1 | 87.5 | 6.2 | 17.8 |
Oct | 0.9 | 14.2 | 21.4 | 57.8 | 86.2 | 5.8 | 23.3 |
Nov | 0.6 | 15.9 | 23.8 | 52.3 | 83.7 | 6.8 | 27.9 |
Dec | 0.4 | 17.8 | 26.3 | 48.9 | 83.0 | 7.0 | 30.5 |
source: Australian Government Bureau of Meteorology
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