All About Neerabup, Wanneroo, WA, 6031

Neerabup, located in the City of Wanneroo, Western Australia, presents an intriguing prospect in the local housing market due to its unique blend of residential and industrial developments. As of recent years, the housing market in Neerabup has shown steady growth, characterized by its relatively affordable property prices compared to its neighboring suburbs. This affordability attracts a range of homebuyers, from young families seeking their first home to investors looking for attractive long-term returns. The area has also seen infrastructure improvements boosting its appeal, most notably the enhancements in transportation and road networks that better connect Neerabup to Perth's central business district and other suburban hubs. With these developments, the suburb presents an appealing option for those on the lookout for budget-friendly housing options coupled with the promise of future growth.

Living in Neerabup offers residents a unique lifestyle characterized by its natural surroundings and community spirit. While it retains a somewhat industrial vibe due to the nearby business parks, the suburb's proximity to natural attractions like Lake Neerabup and Yanchep National Park provides ample opportunities for outdoor activities. Residents can enjoy hiking, picnicking, and exploring local wildlife, making it ideal for nature enthusiasts. The community in Neerabup is known for its friendly and laid-back atmosphere, which resonates well with families and individuals seeking a tranquil setting. Despite its peaceful demeanor, the suburb is conveniently close to essential amenities, including schools, shopping centers, and healthcare facilities, making daily life comfortable and accessible for locals. Overall, Neerabup offers a balanced lifestyle with the benefits of both urban convenience and natural beauty.

Neerabup Real Estate Market Outlook

Thinking about buying in Neerabup? Now could not be a better time, with just 393 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $996,000 with prices in this suburb ranging from $400,000 to $1,877,000. Neerabup 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 Neerabup are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Neerabup 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 Neerabup 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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