Question 1

Is Edgewater a nice place to live?

Accepted Answer

Edgewater sits beside Lake Joondalup and Yellagonga Regional Park. The suburb mixes waterside houses, suburban homes and some townhouses, and the lakeshore with linked walking and cycling trails is a big part of local life for walkers and birdwatchers. A small shopping strip and community parks meet everyday needs, and there are close links to Joondalup's retail precinct, Edgewater train station on the Joondalup line and freeway access.

About 4,657 people live in Edgewater, and families dominate, with couple families with children making up 45.3%. Most homes are owner-occupied (83.8%). Edgewater sits inside the Joondalup Activity Centre Plan's Joondalup Edge precinct, where the train station is a focus for mixed-use development and pedestrian and parking improvements; council capital works include playspace renewals and a shared pathway. Whether Edgewater suits you comes down to how much you value lakeside green space, established ownership and good transport links.

Question 2

Is it expensive to live in Edgewater?

Accepted Answer

For Edgewater, WA, the numbers show buying and renting are both significant against local incomes recorded at the most recent Census. A house rent of $750 a week would take about 37.2% of a typical local household's weekly income at the last Census, which is a sizeable share. The median house price of $1,176,500 is about 11.2 times a typical local annual household income at the last Census, putting buying well above what people locally earned at that Census. Whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Edgewater a good place to invest?

Accepted Answer

The standout in Edgewater over the past 12 months is house values, which rose a strong 22.0%. House rents also increased, up a solid 7.1% over the same period, so the price movement outpaced rent growth on the housing side this year.

If you are weighing Edgewater as an investment, those figures show capital growth was the stronger performer over the past year while rental income rose more modestly. Whether that balance suits your plans depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.18M	N/A
Change in value Past 12 months	22.0%	N/A
Sold Past 3 months	14	2
Median days on market Past 12 months	7	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	7.1%	N/A

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