Get a property report and suburb profile for any property in Tapping

Tapping is a delightful suburb that offers a peaceful and family-friendly environment, making it a wonderful place to call home. Nestled in the northern suburbs of Perth, Tapping is characterized by its charming residential streets and a strong sense of community. The suburb is well-regarded for its modern homes and beautifully maintained parks, providing ample space for families to enjoy outdoor activities and leisurely strolls. The community vibe is warm and welcoming, with a diverse mix of residents who contribute to the suburb's inclusive atmosphere.

For families, Tapping is particularly appealing due to its proximity to quality schools and a variety of local amenities. The suburb is well-serviced by shopping centers and recreational facilities, ensuring that residents have everything they need within easy reach. The nearby Joondalup city center offers additional shopping and entertainment options, making Tapping a convenient choice for those who appreciate suburban tranquility with urban conveniences close by. Safety is generally not a concern, adding to the suburb's appeal for families seeking a secure environment to raise their children.

However, living in Tapping does come with some trade-offs. While the suburb offers a serene lifestyle, it may not have the vibrant nightlife or cultural attractions found in more central areas of Perth. Additionally, the ongoing growth and development in the area could lead to increased property demand and potential changes in the suburb's landscape. Despite these considerations, Tapping remains a desirable location for those seeking a harmonious suburban lifestyle with a strong community spirit and easy access to essential amenities.

Living in Tapping can be considered moderately expensive, especially when compared to other suburbs in the Perth area. The current median house price is $830,000, which is quite substantial. For those looking at units, the median price is more affordable at $365,000. Renting in Tapping also comes with a significant cost, with the average rent for houses over the last year being $700 per week, while units average $500 per week.

When comparing these housing costs to the average wage in Tapping, which is approximately $85,000 per year, it becomes clear that a considerable portion of one's income would need to be allocated to housing expenses. The median total household income in Tapping is $2,359 weekly, translating to about $122,000 annually, which is higher than the average wage. This suggests that while the suburb may be more affordable for dual-income households, it could be a stretch for individuals earning the average wage.

Overall, Tapping offers a suburban lifestyle with the associated costs. If you're considering living here, it's important to weigh the housing expenses against your income to ensure it fits within your budget. The suburb provides a balance of lifestyle and cost, but it's essential to evaluate your financial situation carefully.

Tapping is showing promising signs for property investors, especially when it comes to houses. Over the past year, the suburb has experienced a significant 21.9% increase in median house values, indicating strong capital growth potential. This surge suggests that demand for houses in Tapping is on the rise, likely driven by its appeal to families and those seeking a suburban lifestyle with good amenities.

While the unit market in Tapping has remained stable with no change in median values, the rental market for houses has seen a healthy 7.7% increase. This suggests that houses in Tapping are not only appreciating in value but also offering good rental returns, making them an attractive option for investors looking for both capital growth and rental income. The modest 1.0% increase in unit rents indicates a more stable but less dynamic market for units.

Overall, Tapping presents a compelling opportunity for investors, particularly in the housing sector. With strong growth in house values and rental returns, it offers a balanced mix of capital appreciation and income potential. While units may not currently offer the same level of growth, the stability in the market could appeal to those seeking a lower-risk investment. Tapping's growth trajectory and rental demand make it a suburb worth considering for property investment.