City of Wanneroo - Northern suburbs of Perth, WA
Uncertainty in the lead-up to the Federal Election created a temporary speed bump in the recovery of Perth property market. But the number of suburbs with rising activity in Perth indicates the WA capital is out-performing Sydney, Melbourne and Brisbane - and remains on track to deliver growth in the next few years.
The Western Australian economy is improving, unemployment is falling and population growth is at its best level for four years.
Against this background, the City of Wanneroo property market is showing positive signs, with several suburbs producing an increase in median house prices in the last three months.
Over the past decade, 177,000 new residents have moved to this municipality, making it the fastest-growing LGA in Western Australia. There’s little sign of a slowdown in the growth of this region.
And, in support of this growth, both the Mitchell Freeway and the Joondalup/Butler train line are being extended while the State Government is busy building new schools.
Growing industrial areas are providing employment opportunities and with houses in most suburbs priced in the $300,000s and $400,000s, properties in the City of Wanneroo are worthy of attention by investors.
This report covers the suburbs of Alexander Heights, Alkimos, Banksia Grove, Butler, Carramar, Clarkson, Darch, Girrawheen, Hocking, Landsdale, Marangaroo, Merriwa, Mindarie, Quinns Rocks, Tapping, Wanneroo, Woodvale and Yanchep.