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Marangaroo is a delightful suburb that offers a peaceful and family-friendly environment, making it a charming place to call home. Nestled in the northern suburbs of Perth, it boasts a welcoming community vibe that is perfect for families looking to settle down. The suburb is known for its suburban tranquility, with well-maintained streets and a mix of modern and traditional homes that cater to a variety of preferences. Its proximity to major roads and public transport links ensures that residents have easy access to Perth's city center and surrounding areas, making commuting a breeze.

For families, Marangaroo provides an ideal setting with its abundance of parks, schools, and shopping centers. The popular Marangaroo Golf Course is a highlight, offering recreational opportunities for both residents and visitors. The suburb's community-oriented atmosphere is complemented by its diverse population, which includes a mix of couple families with and without children, as well as one-parent families. This diversity adds to the suburb's vibrant culture and strong community ties.

While Marangaroo offers a balanced lifestyle with its convenient amenities and peaceful environment, there are a few trade-offs to consider. The suburb may not have the bustling nightlife or trendy cafes found in more urban areas, but it compensates with its serene atmosphere and family-friendly focus. Additionally, while the suburb itself is not undergoing major infrastructure projects, nearby developments such as the Wanneroo Central redevelopment and upgrades to Wanneroo Road are set to enhance retail and entertainment options, as well as improve connectivity for residents.

Overall, Marangaroo is a lovely suburb for those seeking a fulfilling lifestyle with a strong sense of community and easy access to amenities. Its appeal lies in its ability to offer a peaceful yet convenient living environment, making it a great choice for families and individuals alike.

Living in Marangaroo can be considered moderately expensive, especially when you compare it to other suburbs in the Perth area. The current median house price is $736,000, which is quite substantial. For those considering renting, the average rent for houses is $650 per week, while units are slightly more affordable at $600 per week. These figures suggest that housing costs in Marangaroo are a significant consideration for anyone looking to move there.

When you compare the average wage in Marangaroo, which is around $85,000 per year, to the median total household income of $1,533 per week, it becomes clear that a considerable portion of income would need to be allocated to housing costs. This could make it challenging for individuals or families earning the average wage to comfortably afford living in Marangaroo without careful budgeting.

Overall, while Marangaroo offers a pleasant living environment, the cost of housing is a major factor to consider. If you're thinking of living in Marangaroo, it's important to weigh these expenses against your financial situation to ensure it aligns with your budget and lifestyle preferences.

Marangaroo is showing promising signs as a good place to invest, especially if you're looking for strong growth potential. Over the past year, the suburb has experienced a significant increase in median house values, with a remarkable 27.9% rise. This suggests a high demand for houses in the area, which is a positive indicator for potential investors. The growth in unit values, while more modest at 11.6%, still reflects a healthy upward trend, indicating that the suburb is appealing to a range of buyers and renters.

In terms of rental returns, Marangaroo is also performing well. House rents have surged by 18.2% over the last year, which is a substantial increase and suggests a strong rental market. While the change in rent for units is lower at 1.7%, the overall rental market remains stable. This combination of rising property values and strong rental growth makes Marangaroo an attractive option for investors seeking both capital appreciation and rental income.

Overall, Marangaroo's recent performance in both property values and rental returns positions it as a suburb with solid investment potential. Its growth trends indicate a vibrant market, making it a worthwhile consideration for those looking to invest in real estate.