All About Ridgewood, Wanneroo, WA, 6030

Ridgewood, located in the City of Wanneroo, Western Australia, is a suburb that has experienced modest growth in its housing market. Known for its suburban charm and relative affordability compared to inner-city Perth, Ridgewood attracts families, first-time homebuyers, and retirees. The housing market here is characterized by a variety of options, including single-family homes with spacious yards, townhouses, and modern villas. Over the past few years, Ridgewood has seen a steady increase in property values, driven by its appeal to those seeking a quieter, suburban lifestyle coupled with accessibility to the Perth CBD via public transport and major road networks. The community-oriented feel, along with the presence of nearby amenities and schools, makes Ridgewood a favorable option for those looking to settle in a family-friendly environment.

Living in Ridgewood offers residents a peaceful and convenient lifestyle. The suburb is well-integrated with nature reserves and parks, providing ample opportunities for outdoor activities such as walking, cycling, and picnics at places like Ridgewood Park and Butler Ridgewood Reserve. Additionally, local shopping centers and eateries provide the necessary conveniences for everyday living, and larger commercial hubs are readily accessible in the nearby suburbs of Clarkson and Joondalup. Community events and recreational facilities, including sports clubs and community centers, foster a strong sense of community and belonging. The suburb's proximity to the coast ensures that beach outings are a regular and appealing activity for locals. Overall, Ridgewood offers a balanced lifestyle that appeals to those seeking a blend of suburban tranquility and urban accessibility.

Ridgewood Real Estate Market Outlook

Thinking about buying in Ridgewood? Now could not be a better time, with 1985 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $579,000 with prices in this suburb ranging from $231,000 to $1,774,000. Ridgewood 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.

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. Low average incomes in Ridgewood is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Ridgewood 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 Ridgewood 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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