In Pingrup there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Pingrup are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Pingrup 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. 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.
|726 LAKE BRYDE RD, PINGRUP, WA, 6343||$1,525,000|
Pingrup Primary School(While the above schools are located with the suburb of Pingrup there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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