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Wantirna South is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a wonderful place to call home. Nestled in Melbourne's eastern suburbs, it boasts a charming, family-friendly atmosphere with leafy streets and a strong sense of community. The suburb is well-known for its vibrant lifestyle, supported by a variety of residential options that cater to different family needs, from spacious homes to modern townhouses. Its proximity to the bustling Knox City Shopping Centre ensures residents have easy access to a plethora of retail and dining options, enhancing the suburb's lively vibe.

Families will find Wantirna South particularly appealing due to its abundance of parks, schools, and recreational facilities, which provide ample opportunities for outdoor activities and community engagement. The suburb's peaceful environment is complemented by its excellent connectivity, with EastLink offering convenient access to the city and surrounding areas, making it an ideal location for commuters. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and welcoming place for families and individuals alike.

However, living in Wantirna South does come with some trade-offs. While the suburb offers a serene lifestyle, it may lack the nightlife and cultural buzz found in more central locations. Additionally, the strong property ownership and less prominent rental market might pose challenges for those seeking short-term accommodation. Despite these considerations, Wantirna South remains a highly desirable suburb for those seeking a balanced lifestyle, with its combination of community spirit, green spaces, and convenient amenities making it a truly nice place to live.

Living in Wantirna South can be considered expensive, especially when you look at the housing market. The median house price is currently sitting at $1,354,000, which is quite high compared to many other suburbs in the area. If you're thinking of renting, the average rent for houses is $650 per week, while units, although not currently available for sale, average $530 per week in rent. These figures suggest that a significant portion of income would be needed to cover housing costs.

When comparing the average wage in Wantirna South, which is $81,000 per year, to the median total household income weekly of $1,915, it becomes clear that the cost of living in this suburb requires careful financial planning. The average wage is slightly above the Victorian average, yet the high property prices and rents mean that living in Wantirna South might be challenging for those on a similar income level.

Overall, while Wantirna South offers a pleasant living environment with good amenities, the cost of housing is a major factor to consider. If you're contemplating a move to this suburb, it's essential to evaluate your financial situation to ensure it aligns with the expenses associated with residing in this desirable location.

Wantirna South presents a promising opportunity for property investors, particularly those interested in units. Over the past year, the median unit value in the suburb has increased by 6.2%, indicating a strong demand for this type of property. This growth in unit values, coupled with a 6.0% rise in unit rents, suggests a healthy rental market that can provide consistent returns for investors.

While the median house value has remained stable over the last 12 months, the rental market for houses has seen a 6.6% increase in rent, highlighting a robust demand for rental properties. This stability in house prices, combined with rising rents, can offer investors a reliable income stream while waiting for potential capital growth in the future.

Overall, Wantirna South offers a balanced investment landscape. The suburb's appeal lies in its steady rental market and the recent uptick in unit values, making it an attractive option for investors seeking both rental income and potential capital appreciation. With its family-friendly environment and proximity to amenities, Wantirna South continues to be a desirable location for both renters and buyers.