July 05, 2017
Piara Waters is located approximately 20 kilometres south-southeast of Perth CBD. It is within the City of Armadale and is approximately 6 square kilometres. The suburb is in close promixity to neighbouring suburbs of Canningvale and Jandakot, as well as the Albany Highways.
Due to the conversion of small farms into residential lots, the area has grown significantly, with the population being 91 people in 2006 to 2,592 by 2011. The population is even predicted to grow to 8,000 people by 2021.
The predominant age group in Piara Waters is 25-34 years old, with households in the area consisting of primarily couples with children.
Households are likely to be repaying between $2400 - $3000 per month on their mortgage repayments. In 2011, 88.2% of homes were owner-occupied – a significant increase from 60% in 2006.
The median sales price of houses in Piara Waters is currently $519,000, with the rental income likely to be approximately $400 per week.
To accommodate for the population growth, there are three new community and sporting facilities planned for the area, including the Piara Waters Primary School which opened in 2012 and a government high school in the nearby suburb of Harrisdale.
Piara Waters has been designed with families in mind, with several landscaped parks featured throughout the suburb estates. In addition, a large, central part of the suburb is made up of the Piara Nature Reserve.
If you would like us to provide you with a free detailed report on a property in Piara Waters, call our team at Mortgage Choice Armadale on 9485 0090.
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This suburb profile has been created using informtation derived from a suburb statistic report from CoreLogic RP Data and realestate.com.au suburb profile.