Selling points: The suburb of Wanneroo is a large and diverse area. With small new lot developments to large rural acreage properties providing local’s the opportunity to work on, or enjoy a rural lifestyle close to a city precinct. In general, the suburb has sizeable land lots that are now under consideration for redevelopment. The proposal is currently with the Western Australian Planning Commission and is pending an approval. With most of the central part of the suburb reaching 30 – 40 years old it’s an ideal opportunity for investor’s secure large lots that may be developable in the very near future.
Most sort after properties: The turnover market is between $300,000 - $400,000 houses. These 3 & 4 bed double brick & tile houses usually fetch strong interest and good rental returns.
Most common properties: 99% of properties in the suburb are double brick and tile construction. Most were built in the 1970’s, with some original homesteads dating back to the 1940’s.
Top amenities: Wanneroo host’s a number of amenities - brand new shopping centre, new developments for businesses, several government & private schools, new cafe’s, a theatre, public gym pool & spa facility, public transport direct to the city, runs adjacent to Lake Joondalup – fantastic for family activities especially at Rotary Park. Wanneroo is an easy fifteen minute drive to the beach.
Local industry and business: The local economy is supported by a number of market gardeners. These people produce large portions of the domestic fruit and vegetables that are distributed state wide.
Recent changes: The single biggest new development has been a brand new shopping centre. It’s created lots of new jobs for locals and has increased local businesses trade due to the larger numbers of people using the facility.
Best streets: Investors should seek opportunities within a 400 meter circumference of the new shopping centre as the council has earmarked it for redevelopment. Subdivisional potential is one of the key elements for an investor seeking to capitalize on capital growth and or development opportunity. Remembering that the improvement of a property can always be altered but the location never changes.
Public transport: Although not on a train route the bus service is regular and efficient enough for direct access to the city, train stations and to other major neighbouring shopping/ educational & business hubs.
Main arteries: There are a number of major arterial roads that link Wanneroo to; the city, beach, swan valley and it’s commonly known as the gateway to the North (of WA). Wanneroo Road; servicing the city and the North of WA, Ocean Reef Road; connecting the beach & the Swan Valley.