Perth City’s growth northern corridor which is Wanneroo has emerged as one of Western Australia’s most exciting real estate markets. With a mix of affordability, lifestyle and growth potential, Real Estate in Wanneroo is equally popular with families who want to live within an amazing community as the investors who seek steady returns.
No matter if you are an agent, investor or developer, having knowledge of the unique characteristics found within this area will lead to identifying for your clients and portfolio the best opportunities.
Why Wanneroo Is a Top Choice
It has been a year with good capital growth and also increased rental yields in Wanneroo for over the 12 months. The area has become a popular residential destination with the advent of new schools, modern infrastructure and a family-friendly atmosphere.
Median House Price: Around $700,000–$750,000
Average Rental Yield: Between 4.5%–5.5%
Yearly Growth: ~13% (suburb depending)
To the professional, that is a market with both yield and capital appreciation — perfect for mixed use investment portfolios.
Top Neighborhoods in Wanneroo
Banksia Grove – Masterplanned and Expanding Quickly
Banksia Grove is one of the newer and more well-planned suburbs of Wanneroo. Planned as a masterplanned community, it offers parks for the entire family; great schools, shopping and brand-new homes.
Why Families Love It:
Great schooling options (Banksia Grove Primary School etc)
Community parks and child-friendly infrastructure
Safe, well-connected streets
Why Investors Choose It:
Median house price: ~$700,000
Rental yield: ~5.2%
Booming business and steady rentals
Professional Insight:
Banksia Grove provides a newer housing stock and high appeal for young families — something property professionals should monitor as a strong sign of sustainable growth.
Tapping – Family Friendly Established Suburb
Tapping has evolved into a family friendly suburb with large blocks, public open space and convenient access to Joondalup and Perth City.
For Families:
Tapping Primary School is a good one as well (at least it was the last time I looked).
Close to water culture and shopping centres
Community-centric environment
For Investors:
Solid long-term capital growth potential
Strong tenant demand led to high occupancy3139.2913115.00levels
Perfect for pros going after mid-tier investment portfolios
Professional Insight:
Tapping is a very low-risk, tried and tested investment area for most clients due to what has already been developed and the local infrastructure.
Wanneroo – Great All-Round For Families And Investors
The once-sleepy suburb that bears the same name as the local council area is in full-force, a sweet spot where affordable meets are accessible.
For Families:
Superb local schools and amenities
Comparable affordable housing to inner Perth suburbs
Country, quiet with great space to raise children
For Investors:
Median house price: ~$697,000
Rental yield: 4.8–5.6%
Capital growth: More than 20 per cent in the past year
Professional Insight:
Wanneroo encompasses the golden ratio of growth and stability that is ideal for newcomers or experienced investors.
Key Investment Insights for Professionals
Land Component Larger blocks within growth regions will be better performers over time.
Access to Transport: Suburbs near the Joondalup train line or major highways will have a higher resale value.
Vacancy: Overall vacancy rates in the City of Wanneroo are some of Perth’s lowest, providing a steady source of rental returns.
Future Development: Keep an eye out for council zoning changes and proposed infrastructure in newly developing estates such as Alkimos and Ashby.
Conclusion
The Wanneroo district is one of Perth’s most vibrant property regions and it offers lifestyle, affordability and investment ability in spades.
For families, suburbs such as Banksia Grove and Tapping are offering safe, community focused living.
Wanneroo and its neighbouring estates offer excellent investment opportunities. They provide strong rental yields along with consistent long-term capital growth..
For Real Estate Professionals
NOW is the time to help clients discover the northern growth corridor. So whether you’re buying and selling, providing financial planning advice or adding to our ever growing residential developments, the City of Real Estate in Wanneroo has it all.
Pro Tip: Team up with local property managers and use targeted neighborhood marketing to establish a reputable reputation in these desirable suburbs.
- Real Estate in Wanneroo: Best Neighborhoods for Families and Investors - November 11, 2025
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