All About Edgewater, Joondalup, WA, 6027

Edgewater, a suburb in the City of Joondalup, Western Australia, is known for its serene environment and family-friendly atmosphere. Nestled approximately 23 kilometers north of Perth’s central business district, Edgewater has become an attractive destination for homebuyers seeking a suburban lifestyle with easy access to urban amenities. The housing market in Edgewater tends to offer a mix of properties, including well-established homes, modern builds, and spacious lots. Over the years, the suburb has experienced a steady demand due to its proximity to natural features such as Lake Joondalup and Yellagonga Regional Park, contributing to a balanced supply and demand scenario that often appeals to families and retirees alike. Recent trends indicate a moderate increase in property values, reflecting the broader trends within the Joondalup area, although the market remains relatively accessible compared to some of Perth’s inner-city suburbs.

Living in Edgewater offers residents a quintessential blend of tranquility and convenience. The suburb boasts a number of schools, parks, and community facilities, making it ideal for families and those seeking a community-focused lifestyle. Its proximity to Joondalup’s commercial center provides easy access to shopping centers, restaurants, and entertainment venues, while the surrounding bushland and lake areas offer outdoor recreational opportunities such as hiking, cycling, and picnicking. Public transport is well-served by the Edgewater Train Station on the Joondalup railway line, facilitating straightforward commutes to Perth and surrounding areas. The sense of community is strong, with local events and gatherings fostering a welcoming atmosphere. Overall, Edgewater is cherished for its peaceful residential streets, accessibility to natural landscapes, and the convenience of urban amenities, making it a desirable place to call home.

Edgewater Real Estate Market Outlook

Thinking about buying in Edgewater? Now could not be a better time, with 2080 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $803,000 with prices in this suburb ranging from $333,000 to $2,629,000. Edgewater is located fairly close to the coast at just 3Km 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 Edgewater are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Edgewater changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Edgewater 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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Nearby Suburbs

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