Thinking about buying in Gelorup? Now could not be a better time, with 931 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $795,000 with prices in this suburb ranging from $289,000 to $3,215,000. Gelorup is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Gelorup Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Gelorup ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. Low average earnings from people in Gelorup leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Gelorup to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Houses for sale Gelorup

	3 TEA TREE PL, GELORUP, WA, 6230	4	2	2	Offers invited
	118 YALINDA DR, GELORUP, WA, 6230	6	2	4	Online auction
	25 DUCANE RD, GELORUP, WA, 6230				From $450,000
	21 DUCANE RD, GELORUP, WA, 6230	3	1		From $700,000
	3 NASTES CT, GELORUP, WA, 6230	5	3	4	From $2.5m
	14 HAWKINS DR, GELORUP, WA, 6230	5	2	2	Please Call

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General Points of Interest

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