Edgewater

POSTAL CODE: WA, 6027
HOUSE

Property investors enjoyed capital gains of 12.28% over the last 12 months in EDGEWATER, translating to lower returns compared with its peers in WA.

Figures from the previous quarter show that capital gains for real estate buyers in EDGEWATER are low, as opposed to average gains per annum over the past five years.

The suburb posted a 42.96% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

On average, rents on listings have reached the $700 mark, reflecting a 3.79% increase in returns based on the current median price in EDGEWATER.

EDGEWATER, 6027 ranks 305th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 289th on the list of best yielding suburbs for rental properties in WA, posting a 3.79% return.

Surburb overview

Edgewater, located approximately 23 kilometres north of Perth's central business district, is a suburb of Joondalup. Established in 1974, it encompasses an area of about 4.9 square kilometres. Joondalup Drive borders it to the west, Ocean Reef Road to the south, and Yellagonga Regional Park to the east. 

As of the 2016 census, Edgewater had a population of 4,520 residents. The community predominantly comprises families, professionals, and retirees, contributing to a diverse and balanced demographic profile. 

Public transportation in Edgewater includes bus services that connect to the Joondalup Line via the Edgewater railway station, facilitating access to Perth and surrounding areas. Major bus routes serving the suburb include routes 465 and 466. 

The suburb offers essential amenities, including the Edgewater Shopping Centre, which provides a range of retail options and dining establishments. Residents can access the nearby Lakeside Joondalup Shopping City for more extensive shopping needs. Educational facilities within Edgewater include Edgewater Primary School, catering to students from kindergarten to year six, and Mater Dei College, a Catholic secondary school. 

Recreational activities highlight Edgewater, notably its proximity to Lake Joondalup and Yellagonga Regional Park, which offer walking and cycling trails, birdwatching opportunities, and picnic areas. The suburb also features several parks and green spaces, providing residents with outdoor activities and community events. 

Edgewater's combination of residential appeal, accessibility, and recreational amenities contributes to its reputation as a desirable suburb within the Perth metropolitan area. 

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