All About Waikiki, Rockingham, WA, 6169

The housing market in Waikiki, a coastal suburb of Rockingham, Western Australia, offers a diverse range of properties, appealing to both families and investors. Known for its scenic beauty and proximity to the beach, Waikiki's real estate market has seen steady demand. Modest family homes, often only a short distance from the shoreline, are common in this area, providing an affordable option compared to Perth's inner suburbs. Over recent years, Waikiki has seen a gradual increase in property prices, driven by its lifestyle appeal, locality, and the broader growth trends radiating from Perth. First-time buyers and those looking to invest in rental properties find Waikiki attractive due to its rental yield potential, thanks to its seaside charm and amenity access.

Living in Waikiki offers residents a relaxed, beach-oriented lifestyle. The suburb is characterized by its laid-back atmosphere and natural surrounds, including several parks and a long stretch of sandy beach, perfect for outdoor activities such as swimming, fishing, and walking. Community facilities, including schools, shopping centers, and public transport, are readily available, providing convenience for daily life. The area maintains a close-knit community vibe, with local events and gatherings fostering a sense of belonging among residents. While it offers a peaceful retreat from the hustle and bustle, Waikiki is still within easy reach of Rockingham City, where additional dining, entertainment, and shopping options can be found, allowing for a balanced lifestyle that merges tranquility with modern convenience.

Waikiki Real Estate Market Outlook

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

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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