All About Floreat, Cambridge, WA, 6014

Floreat, a prestigious suburb in Cambridge, Western Australia, boasts a highly sought-after housing market characterized by tree-lined streets and architecturally diverse homes. The area offers a variety of properties, ranging from charming mid-century houses to modern luxury residences, appealing to both families and professionals. Recent years have seen a steady appreciation in property values, reflecting the suburb's desirability and the broader trends in the Perth metropolitan area. The housing market is competitive, with potential buyers often entering bidding wars, particularly for properties situated close to local amenities and scenic parklands. The community's commitment to maintaining the suburb's aesthetic and charm, along with ongoing development and infrastructure improvements, ensures that Floreat remains an attractive option for those seeking a balanced lifestyle.

Living in Floreat means enjoying a blend of urban convenience and natural beauty. The suburb is renowned for its ample green spaces, including the expansive Perry Lakes Reserve and Bold Park, which offer residents numerous recreational opportunities such as walking trails and picnic areas. Floreat's proximity to the Perth CBD, just a short drive away, enhances its appeal for commuters who appreciate a peaceful home life. The local lifestyle is further enriched by easy access to top-rated schools, vibrant shopping strips, and diverse dining options, creating a strong sense of community and convenience. Whether it's attending community events, exploring local boutiques, or simply enjoying the tranquility of the neighborhood, Floreat offers an exceptional quality of life that is both relaxed and sophisticated.

Floreat Real Estate Market Outlook

Thinking about buying in Floreat? Now could not be a better time, with 3670 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,069,000 with prices in this suburb ranging from $614,000 to $7,082,000. Floreat 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.

Consistent high demand relative to supply is a key feature in Floreat driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Floreat ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Floreat 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. Medium density in Floreat 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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Nearby Suburbs

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