Marangaroo

POSTAL CODE: WA, 6064
HOUSE

MARANGAROO, 6064 ranks 384th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 25% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $950,000.

The upward trend in home prices in MARANGAROO, 6064 averaged 30% per annum over a 3-year period.

Average weekly rents on listings have reached the $750 mark, reflecting a 4.11% increase in returns based on the current median price in MARANGAROO.

An average of 8.75 real estate transactions take place per month in MARANGAROO which translates to 105 per annum.

105 properties were sold in MARANGAROO in 2016, making it the 513th most active market in WA based on total real estate transactions.

MARANGAROO, 6064 places 179th in Australia based on median property value growth during the quarter.

Surburb overview

Marangaroo is a suburb of Wanneroo, approximately 18 kilometres north of Perth's central business district. The name "Marangaroo" is derived from an Aboriginal term meaning "place of blue flowers." 

According to the 2021 Census, Marangaroo has a population of 10,592, with a median age of 41. Households in the suburb are primarily composed of couples with children, with an average household size of 2.8 people. 

As of November 2024, the median house price in Marangaroo is approximately $686,000, reflecting a 29.4% growth over the past year. The median weekly rent is $650, indicating a 17.1% increase in the same period. 

Marangaroo hosts two primary schools: Marangaroo Primary School, established in 1987, serving students from Kindergarten to Year 6, and Rawlinson Primary School, established in 2003, catering to students from Kindergarten to Year 6. 

The suburb offers various amenities, including shopping centres such as Alexander Heights Shopping Centre. Recreational facilities include the Marangaroo Golf Course and several parks, providing residents with spaces for outdoor activities and community events. 

Marangaroo is serviced by multiple Transperth bus routes, offering residents access to Perth's CBD and surrounding areas. Major roads such as Wanneroo Road, Hepburn Avenue, Mirrabooka Avenue, and Marangaroo Drive enhance connectivity to neighbouring suburbs. 

Marangaroo combines suburban living with convenient access to essential amenities, educational institutions, and recreational opportunities, making it a desirable suburb within the Perth metropolitan area. 

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