Shoalwater

POSTAL CODE: WA, 6169
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SHOALWATER, 6169 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling SHOALWATER, 6169 values up and netting property investors a capital gain of 3.95% for the past year.

Investors saw the median home price rise to $790,000.

Profits due to an upward trend in home prices in the suburb averaged 15.43% per annum over a 3-year period.

SHOALWATER now ranks at the 350th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $625 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SHOALWATER, homes and units usually stay on listing for an average of 32.6 days.

In 2016, 100 properties were sold in SHOALWATER during the past year, making it the 525th most active market in WA based on total real estate transactions.

Surburb overview

Shoalwater is a coastal suburb located approximately 50.5 kilometres south of Perth's central business district. It is accessible via the Kwinana Freeway and Safety Bay Road, and driving takes around 40 minutes. Public transport options include the Transperth train service from Rockingham Station, which connects to Perth in approximately 33 minutes, and local bus routes such as the 552 and 559, which serve the area.

According to the 2021 Census, Shoalwater had a population of 4,368 residents, with an average household size of 2.06 people.  The suburb encompasses an area of 2.6 square kilometres and is characterised by a mix of residential zones and natural landscapes.

Essential services in Shoalwater include the Shoalwater Medical Centre, located at 40 Coventry Road, which provides healthcare services to residents. Pharmacy 777 operates within the Shoalwater Shopping Centre and offers pharmaceutical services. Educational institutions and additional amenities are accessible in the nearby suburb of Rockingham.

Recreational activities are abundant in Shoalwater, with the Shoalwater Islands Marine Park offering swimming, snorkelling, diving, and wildlife observation opportunities.  Penguin Island, accessible via a five-minute ferry ride from Mersey Point, is a notable attraction for observing little penguins and other marine life.  The suburb also features parks and walking trails catering to various interests and age groups.

Shoalwater's coastal environment, combined with its accessibility to Perth and neighbouring suburbs, contributes to its residential appeal. The suburb's infrastructure supports a range of lifestyles, offering both natural attractions and essential amenities.

 

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