All About Kardinya, Melville, WA, 6163

Kardinya, part of the City of Melville in Western Australia, presents a dynamic and evolving housing market that reflects broader trends seen across the Perth metropolitan area. As a suburb situated just 13 kilometers from Perth's central business district, Kardinya offers a balanced mix of residential options ranging from older, established homes to modern townhouses and units. The housing market has experienced periods of growth, propelled by a combination of its strategic location, local amenities, and the overall demand-supply dynamics within the Perth area. In recent years, Kardinya has seen an increase in property values, spurred by renovations and new developments that have enhanced its appeal to both buyers and investors. Furthermore, the suburb's proximity to Murdoch University and the Fiona Stanley Hospital attracts a steady stream of renters, contributing to a strong rental market and providing investors with potential returns.

Living in Kardinya provides a blend of suburban comfort and city accessibility, making it particularly attractive to families, professionals, and students. The suburb is well-served by public transport options, with regular bus services linking it directly to nearby Murdoch train station, facilitating easy commutes into Perth city and other parts of the region. One of Kardinya's standout features is its access to green spaces, including several parks and recreational facilities that offer outdoor activities and relaxation opportunities. The Kardinya Park Shopping Centre is a local hub, providing residents with essential retail options and a variety of dining experiences. Educationally, the suburb is well-catered for, with a range of public and private schools, along with its closeness to prominent higher education institutions. Friendly and community-focused, Kardinya offers a welcoming environment with a diverse and multicultural resident base, contributing to its reputation as a pleasant and lively place to call home.

Kardinya Real Estate Market Outlook

Thinking about buying in Kardinya? Now could not be a better time, with 4900 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $913,000 with prices in this suburb ranging from $300,000 to $3,864,000. Kardinya is located fairly close to the coast at just 4Km 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 Kardinya 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 Kardinya 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 Kardinya 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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