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Waroona is a delightful rural suburb that offers a peaceful and serene lifestyle, making it a wonderful place to live. Nestled in the Peel region, it is renowned for its picturesque landscapes and a strong sense of community. The suburb is surrounded by natural beauty, with attractions like the Waroona Dam and Drakesbrook Weir providing ample opportunities for outdoor activities such as hiking, picnicking, and fishing. This charming town is perfect for those who appreciate a slower pace of life while still having access to essential amenities.

Families will find Waroona particularly appealing due to its welcoming environment and community-oriented vibe. The presence of local schools and community events fosters a nurturing atmosphere for children to grow and thrive. While the suburb may not offer the bustling nightlife or extensive shopping options of a city, it compensates with its tranquil setting and the opportunity to engage in community activities. Safety is generally not a concern, contributing to the suburb's appeal for families and retirees alike.

Living in Waroona does come with some trade-offs. The rural setting means that while basic amenities are available, residents may need to travel to nearby towns or Perth for more extensive shopping or entertainment options. Public transport is stable, but those who rely on it should be aware that there are no recent upgrades or expansions. However, for those who value a close-knit community and the beauty of nature, Waroona offers a unique and fulfilling lifestyle that is hard to match.

Living in Waroona can be considered moderately priced, especially when compared to other parts of Western Australia. The median house price in Waroona is around $555,000, which is relatively affordable compared to the state's more urban areas. However, it's important to note that there are no current data on unit prices, which might limit options for those looking for smaller or more affordable housing.

When it comes to renting, the average rent for houses is about $550 per week. This rental price is quite manageable, especially when you consider the average annual wage in Waroona is approximately $107,000. This wage is in line with the state average, meaning that residents typically have the financial capacity to manage housing costs without significant strain.

Overall, Waroona offers a reasonable cost of living, particularly in terms of housing, when compared to the broader Western Australian market. If you are thinking of living in Waroona, you will find that it provides a good balance between affordability and the lifestyle benefits of a smaller community. The financial commitment required to live here is generally in line with the earnings of the area, making it an attractive option for many.

Waroona presents an intriguing opportunity for property investors, particularly those interested in houses. Over the past 12 months, the suburb has experienced a significant 21.7% increase in median house values, indicating strong capital growth potential. This surge suggests a robust demand for housing, possibly driven by the suburb's appealing lifestyle or proximity to key amenities. Additionally, the rental market for houses has seen a healthy 14.6% increase, which could be attractive for investors seeking rental income.

While the unit market in Waroona has remained stable with no change in median values or rents, this stability might appeal to investors looking for a low-risk entry point. However, the real standout in Waroona is the house market, which offers both capital growth and rental yield potential. The combination of rising house values and rental income makes Waroona a compelling choice for investors aiming for a balanced investment portfolio. Overall, Waroona's recent performance suggests it could be a promising location for those looking to invest in the housing market.