Tapping has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -2.11% to date .
If we look at median property appreciation over just the last three months, Tapping has given property investors a paper return of -2.36%. This puts Suburb as 320 on a list of fastest fasting appreciating suburbs in WA
The most recent median price for Tapping is $465000, with sellers offering an average of -5.67% off the asking price.
At number 1431 in a list of fastest selling suburbs, Tapping is in the TOP 40% of suburbs in Australia with an average of days on market 70.8739 for properties listed there.
With the median price for a house in Tapping being $465000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.03%
Originally a part of the Carramar estate, Tapping came into being in the early 1990s as a suburb within the City of Wanneroo. Tapping is approximately 2 square kilometres and has one large park, Ashley Park, covering nearly 1% of total area, as well as several other family friendly parks dotted throughout the suburb. Rapid growth took place between 2001 and 2011 as large numbers of new dwellings were added to the area. The suburb is now in its final development stages.
Information supplied by:
Best Benchmark Property Management
08 9301 1111
0449 188 129
Besides its newness and affordability, Tapping attracts families for its proximity to schools. St Stephen's School (Private), an extension of the original St Stephens School in Duncraig, supports both primary and secondary education. Tapping also has a public school, Tapping Primary School which opened at the start of 2007. The school provides education for Kindergarten through to Year 7. Both of these schools are located on St Stephens Crescent.
Most sought-after properties:
Approximately 65% of households are couples with children. Family sized 4 bedrooms, 2 bathrooms homes with low maintenance gardens and air conditioning are most popular.
Most common properties:
The suburb consists primarily of new, modest size family houses with the remaining properties being duplexes and units.
The suburb is served by bus links which provides connections back to the Joondalup Line via either the Whitfords or Joondalup railway stations.us routes through Ocean Reef go to Joondalup or Whitfords train stations/shopping centres.
Tapping is bounded by Joondalup Drive in the north, Pinjar Road in the east, Conti Road, the southern edge of Ashley Park, Watkins Loop and the southern edge of the Pineview Lifestyle Village in the south, and Wanneroo Road in the west.