All About Koondoola, Wanneroo, WA, 6064

Koondoola, located in the City of Wanneroo, Western Australia, presents a diverse and dynamic housing market that reflects the broader trends observed in the Perth metropolitan area. This suburb predominantly features a mix of established homes and newer developments, catering to a wide range of buyers, from first-time homeowners to investors. In recent years, Koondoola has experienced steady demand driven by its affordability relative to inner-city areas and its strategic location approximately 15 kilometers north of Perth's Central Business District. The area offers a variety of housing options, including single-family homes on spacious lots, and a growing number of apartments and townhouse developments. This variety, coupled with government initiatives aimed at urban infill and rezoning, aims to enhance the density and livability of the suburb, potentially providing upward pressure on property values.

Living in Koondoola offers residents a blend of suburban tranquility and suburban convenience. The suburb is known for its green spaces, including the popular Koondoola Regional Bushland, which provides opportunities for outdoor activities and community engagement. Families are attracted to the area due to its proximity to various amenities, such as schools, shopping centers, healthcare facilities, and public transport options, including bus services that connect to nearby train stations and the Perth CBD. While Koondoola benefits from its peaceful environment, residents enjoy easy access to larger commercial hubs, making it attractive for those who work in Perth but prefer a quieter place to call home. The community is culturally diverse and inclusive, contributing to a vibrant local scene that celebrates various cultural events and festivals throughout the year, enhancing the quality of living and sense of community within the suburb.

Koondoola Real Estate Market Outlook

Thinking about buying in Koondoola? Now could not be a better time, with 1739 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $462,000 with prices in this suburb ranging from $183,000 to $1,349,000. Koondoola is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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 Koondoola are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Koondoola 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 Koondoola 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

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!