All About Myaree, Melville, WA, 6154

Myaree, located within the City of Melville in Western Australia, offers a unique blend of suburban tranquility and convenient urban access that has made its housing market increasingly appealing. The suburb predominantly features a mix of older, well-maintained family homes along with newer, modern developments, attracting a diverse group of residents, from young professionals to growing families. In recent years, Myaree has seen steady demand which has contributed to a stable housing market, characterized by relatively moderate price growth compared to some of the more volatile areas in Perth. The suburb's location, just 11 kilometers south of Perth's central business district, combined with its proximity to essential amenities such as schools, shopping centers, and recreational facilities, makes it a sought-after area for home buyers looking for balance between city life and suburban calm.

Living in Myaree provides residents with a comfortable and community-oriented lifestyle. The suburb is known for its lush parks, local cafes, and a strong sense of community. Residents enjoy an array of recreational opportunities, with several nearby reserves, and the Swan River close by, offering beautiful nature walks and water activities. The local community is vibrant and inclusive, with events and gatherings often organized to bring neighbors together, fostering a welcoming atmosphere. Additionally, Myaree’s location provides easy access to Fremantle and other popular destinations, making it a convenient base for exploring the broader Perth region. Overall, Myaree offers a relaxed and fulfilling living experience, making it an attractive choice for those seeking a harmonious environment close to the city.

Myaree Real Estate Market Outlook

Thinking about buying in Myaree? Now could not be a better time, with 1826 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $936,000 with prices in this suburb ranging from $274,000 to $8,582,000. Myaree is located fairly close to the coast at just 5Km 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 Myaree driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Myaree 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. A mix of professions and above average income earners in Myaree provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Myaree 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.

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General Points of Interest

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