Marangaroo has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.92% to date .
A -19.47% growth in median value for property investors in Marangaroo,6064 puts this suburb at number 272th in terms of best performing suburbs in WA
Property investors looking for a bargain in Marangaroo should be aiming for at least -7.65% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
Situated 14.02km from the CBD, Marangaroo is one of Wanneroo (C) localities in the postcode 6064.
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Marangaroo, 6064 ranked 55th in WA when comparing growth in median property values or capital gain over the last 12 months. Marangaroo is one of 1662 in our list for WA.
When looking at the potential capital gains offered to property investors over the last 3 years, Marangaroo comes in at number 193th in WA.
Vendor discounting in Marangaroo is giving property investors an average Vendor Discount of around -5.55%. This puts suburb at number 379th in WA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $5580 per annum or $465 every week.
Selling points: 10.6% growth in the last 12 months
Most sought-after properties: House
Most common properties: House
Top amenities: Local golf course, parks & schools
Local industry and business: Located 15km from Perth GPO. Short drive to industrial areas in both Malaga & Wangara
Recent changes: Last available blocks in the suburb sold in the Berkley Rise Estate up until only recently.
Best streets: Streets located west of golf course
Public transport: Bus service to Perth CBD or Warwick train Station
Main arteries: Wanneroo Road, Hepburn Avenue, Mirrabooka Avenue & Marangaroo Drive