Marangaroo is a well-established suburb in Western Australia within the Wanneroo local government area (postcode 6064). With a population of 10,483, the suburb has an established demographic with a median age of 39. Households earn a median income of $80K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Marangaroo is $647,000, having surged 30.4% over the past year. Units have a median price of $462,000 (+23.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,647.
Marangaroo is served by 2 schools, including 2 primary. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 53 bus stops.
From an investment perspective, Marangaroo offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($647K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +30.4% year-on-year.
Marangaroo is a well-established suburb in Western Australia within the Wanneroo local government area (postcode 6064). With a population of 10,483, the suburb has an established demographic with a median age of 39. Households earn a median income of $80K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Marangaroo is $647,000, having surged 30.4% over the past year. Units have a median price of $462,000 (+23.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,647.
Marangaroo is served by 2 schools, including 2 primary. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 53 bus stops.
From an investment perspective, Marangaroo offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($647K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +30.4% year-on-year.