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

Waroona is a compact riverside country town in the Peel region with a modest main street of shops, cafes and community facilities. Housing ranges from older weatherboard cottages to more recent brick homes and larger acreage properties on the outskirts. Outdoor recreation shapes life here, with nearby bushland and waterways for boating, fishing and walking, and local sporting clubs, markets and community events providing regular social focus for families and people after a quieter regional lifestyle.

The community of 2,868 has a median age of 48 and is largely owner-occupied, with about four in five households owning their home. Couples, both with and without children, make up most family households. There is active local investment too: a town centre redevelopment is under way and planning and upgrades for parks, trails, Drakesbrook Weir and recreation facilities are progressing alongside social-housing initiatives. Whether Waroona suits you will come down to how much you value riverside outdoor life and a small, established country town setting.

Housing in Waroona sits high against what local households earned at the last Census. A median house price of $672,500 is about 10.2 times a typical local annual household income at the last Census, which places buying well above local incomes. Renting a house at about $550 a week would take roughly 43.5% of a typical local household's weekly income at the last Census, a large share, so renting also represents a sizeable cost for a typical local household. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Median house values in Waroona climbed 25.0% over the last 12 months, a strong rise in what houses are worth. That movement speaks to capital growth on the house side over the year.

For someone weighing Waroona up as an investment, that 25.0% change is the key figure to consider; what it means for you will depend on your objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.