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Wannanup is a delightful coastal suburb that offers a serene and family-friendly atmosphere, making it a wonderful place to call home. With its stunning beaches and relaxed lifestyle, it provides a perfect escape from the hustle and bustle of city life. The suburb is known for its natural beauty, with scenic canals and lush golf courses that add to its charm. Families will find Wannanup particularly appealing due to its strong sense of community and the availability of local schools, which are seeing upgrades to better serve the growing population.

Living in Wannanup means enjoying a peaceful lifestyle with the convenience of modern amenities. The suburb's proximity to the renowned Port Bouvard Marina offers excellent opportunities for boating and fishing enthusiasts, while the nearby Dawesville Channel provides additional recreational options. For those who enjoy dining and shopping, the ongoing enhancements to the Port Bouvard Marina precinct are set to introduce new retail and dining options, further enhancing the area's appeal.

Safety is generally not a major concern in Wannanup, contributing to its desirability for families and retirees alike. However, the trade-off for this tranquil environment is that it may lack the vibrant nightlife found in more urban areas. Additionally, while the planned expansion of the Mandurah to Bunbury rail line promises improved connectivity to Perth, it is still in the early stages, meaning residents currently rely on road transport for commuting. Overall, Wannanup is an ideal location for those seeking a coastal lifestyle with a strong sense of community and family-oriented living, offering a balance of natural beauty and modern convenience.

Living in Wannanup can be considered relatively expensive, especially when you compare the local property market to the average household income. The median house price in Wannanup is currently $800,000, while units are not far behind at $725,000. These figures suggest that purchasing property in Wannanup requires a significant financial commitment.

When it comes to renting, the costs are also on the higher side, with average rents for houses and units over the last year being $640 and $650 per week, respectively. This is quite substantial, particularly when you consider that the average weekly income in Wannanup is approximately $1,460. This means that a large portion of one's income would need to be allocated to housing costs, whether buying or renting.

In comparison to the average wage data in Western Australia, where the average weekly income is generally higher, living in Wannanup might feel more expensive. Therefore, if you are thinking of living in Wannanup, it's important to carefully evaluate your financial situation to ensure it aligns with the housing costs in this picturesque suburb.

Wannanup is showing promising signs as a potential investment suburb, particularly for those interested in capital growth. Over the past year, the median house value in Wannanup has increased by an impressive 12.0%, indicating strong demand and a healthy property market. This growth outpaces the increase in unit values, which have also seen a respectable rise of 9.3%. Such figures suggest that the suburb is experiencing a positive trend in property appreciation, making it an attractive option for investors looking to benefit from capital gains.

In terms of rental income, houses in Wannanup have seen a 6.7% increase in rent over the last year, which is a solid indicator of demand from renters. However, rental prices for units have remained stable, with no change over the same period. This stability in unit rents might appeal to investors seeking consistent rental returns without the volatility of fluctuating prices. Overall, Wannanup offers a balanced investment opportunity with its strong capital growth potential and steady rental market, making it a suburb worth considering for property investment.