All About Wangara, Wanneroo, WA, 6065

Wangara, located within the City of Wanneroo in Western Australia, is primarily an industrial and commercial area, which significantly influences its local housing market. Unlike typical residential suburbs, Wangara's real estate is marked by a higher prevalence of industrial properties, warehouses, and commercial facilities. However, the nearby residential suburbs in the City of Wanneroo offer a diverse range of housing options, from modern estates to more established neighborhoods. As the greater Perth region experiences population growth and urban sprawl, the demand for housing in surrounding residential areas has been steadily increasing. Although Wangara itself doesn’t have a traditional residential housing market, its proximity to key transportation links and employment hubs makes it an attractive option for businesses and individuals seeking work opportunities nearby.

Living near Wangara offers residents a unique blend of convenience and community amenities. While Wangara itself is not a residential suburb, its strategic location offers easy access to workplaces for those employed in the industrial sector, fostering a work-life balance for many residents in neighboring areas. Residents enjoy the benefit of being close to various shopping centers, schools, and recreational facilities, including parks and leisure activities near Wanneroo. The area boasts a vibrant, multicultural community with a robust local economy, driven by a mix of industries from manufacturing to retail. Thus, although Wangara is primarily an industrial area, the lifestyle for those living in the surrounding residential suburbs is characterized by accessibility and a strong sense of community, making it a practical and appealing place to live for families and professionals alike.

Wangara Real Estate Market Outlook

Thinking about buying in Wangara? Now could not be a better time, with 3233 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,000,000 with prices in this suburb ranging from $151,000 to $7,095,000. Wangara is located fairly close to the coast at just 7Km 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. High average incomes in Wangara 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. The high percentage of professional people in Wangara classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Wangara 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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