All About Craigie, Joondalup, WA, 6025

Craigie, located in the City of Joondalup, Western Australia, is an appealing suburban area that has witnessed fluctuations in its housing market over recent years. As a suburb within the rapidly growing Perth metropolitan area, Craigie has experienced increased demand due to its proximity to urban amenities and the coastal lifestyle offered by nearby beaches. The housing market here primarily consists of family homes, with a mix of older established properties and newer constructions. Over the years, property values have shown a steady rise, reflecting the overall trend in Perth's suburban markets, driven by factors such as population growth, low interest rates, and a burgeoning interest in suburban living. Despite occasional market slowdowns, Craigie remains attractive for both first-time homebuyers and investors seeking mid-range properties in a well-connected locale.

Living in Craigie offers a vibrant and community-focused lifestyle, appealing to families, retirees, and young professionals alike. With a variety of parks and recreational facilities, residents enjoy abundant greenery and ample opportunities for outdoor activities. The suburb's proximity to some of Perth’s most beautiful beaches, such as Mullaloo Beach, adds to its allure, offering residents a quintessentially Australian seaside lifestyle. Locally, Craigie Plaza provides essential shopping amenities, while the nearby Westfield Whitford City offers a more extensive range of retail options. The suburb's family-friendly vibe is enhanced by the presence of several quality schools and easy access to public transport, making commuting straightforward. Overall, Craigie balances the tranquility of suburban life with the convenience of urban proximity, making it a desirable place to live.

Craigie Real Estate Market Outlook

Thinking about buying in Craigie? Now could not be a better time, with 3179 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $647,000 with prices in this suburb ranging from $242,000 to $1,952,000. Craigie is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Craigie there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Craigie is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Craigie 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Craigie the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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