City of Wanneroo - Northern suburbs of Perth, WA
Strong population growth is propelling the City of Wanneroo towards becoming a vibrant seaside city destined to house 363,000 residents – a population comparable to Queensland’s Sunshine Coast.
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.
Some sectors of this market have had vacancy rates above 4% in the recent past, a factor common throughout the Perth metropolitan area following four years of market decline. However, there are increasing signs of recovery and most postcodes in the Wanneroo LGA now have vacancy rates below 2.5% and trending in the right direction.
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.