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Spearwood is a delightful suburb that offers a harmonious blend of suburban tranquility and coastal charm, making it a wonderful place to live. Known for its welcoming community and relaxed atmosphere, Spearwood provides a perfect setting for families looking to settle down. The suburb's proximity to the coast means residents can enjoy the benefits of beachside living, with easy access to beautiful beaches and the vibrant culture of nearby Fremantle. This coastal lifestyle is complemented by the suburb's green spaces, which include numerous parks and nature reserves, offering plenty of opportunities for outdoor activities and family picnics.

Families will find Spearwood particularly appealing due to its strong sense of community and excellent amenities. The suburb boasts a variety of schools, making it an ideal choice for those with children. Additionally, the local shopping centers and community facilities ensure that all necessary conveniences are within easy reach. Safety is generally not a major concern, contributing to the suburb's family-friendly reputation. The ongoing developments and infrastructure improvements in the area are enhancing its appeal, promising a bright future for property value growth.

However, living in Spearwood does come with some trade-offs. While the suburb offers a peaceful lifestyle, it may not have the bustling nightlife or trendiness of inner-city areas. The ongoing development might also lead to increased property prices in the future, which could affect affordability for some. Despite these considerations, Spearwood's combination of community spirit, accessibility to urban amenities, and natural beauty makes it a highly desirable place to call home for families and individuals alike.

Living in Spearwood can be considered moderately expensive, especially when compared to the average earnings in the area. The median house price in Spearwood is currently $755,150, which is significant but not as high as some of the more central suburbs. If you're looking at units, the median price is $463,500, making it a more affordable option for those not looking to purchase a house.

When it comes to renting, the average rent for houses over the past year has been $678 per week, while units have averaged $595 per week. These rental prices are relatively high when you consider that the average wage in Spearwood is $78,000 per year, which translates to about $1,500 per week before tax. This means that a substantial portion of income would be allocated to housing costs, particularly for those renting.

In comparison to the broader Western Australia average, where the median household income is slightly higher, living in Spearwood might feel a bit more financially demanding. However, the suburb offers a good balance between cost and lifestyle, with its proximity to the coast and a range of amenities. If you're thinking of living in Spearwood, it's important to weigh these costs against the benefits of residing in this pleasant suburb.

Spearwood is showing promising signs as a great place to invest, especially given the recent surge in property values. Over the last year, the median house value in Spearwood has jumped by an impressive 27.8%, while units have also seen a healthy increase of 15.3%. This kind of growth indicates a strong demand for properties in the area, which is always a positive signal for potential investors.

In addition to property value growth, rental returns in Spearwood are also on the rise. House rents have increased by 12.9%, and unit rents have surged by 24.0% over the past year. This suggests that the rental market is thriving, making it an attractive option for those looking to generate rental income. The combination of rising property values and strong rental demand makes Spearwood a compelling choice for investment, offering both capital growth and rental yield potential.