Thinking about buying in Waterbank? Now could not be a better time, with just 77 residential dwellings it's a highly sought after location.
The average property price for this area is $1,139,000 with prices in this suburb ranging from $967,000 to $1,378,000.Waterbank is located near the coast as well as views of the ocean, demand is likely to be high
In Waterbank 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Waterbank due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Waterbank 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.
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|COCONUT WELLS, LOT 14 WILLIAMS RD, WATERBANK, WA, 6725||4||4||6||$2,600,000|
None within suburb boundary(While the above schools are located with the suburb of Waterbank 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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