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Mundaring

POSTAL CODE: WA, 6073
HOUSE

MUNDARING, 6073 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling MUNDARING, 6073 values up and netting property investors a capital gain of 0.26% for the past year.

Investors saw the median home price rise to $952,500.

Profits due to an upward trend in home prices in the suburb averaged 9% per annum over a 3-year period.

MUNDARING now ranks at the 466th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MUNDARING are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MUNDARING, homes and units usually stay on listing for an average of 35.5 days.

In 2016, 62 properties were sold in MUNDARING during the past year, making it the 111th most active market in WA based on total real estate transactions.

Surburb overview

Mundaring, located approximately 34 kilometres east of Perth's central business district, is a suburb within the Shire of Mundaring. Known for its rich history and natural beauty, it is a gateway to the Perth Hills region.

As of the 2021 census, Mundaring had a population of 3,190, with a median age of 51. The suburb predominantly comprises couples without children, with an average household size of 2.5 people. 

Permanent settlement in Mundaring began in 1882-84 when Mr. Peter Gugeri established a vineyard south of the Eastern Railway. The first railway siding at Mundaring was named after him, and for some years, the area was generally known as "Gugeris." A later settler, M.H. Jacoby, took over Gugeri's vineyards in 1893 and named the business the "Mundaring Vineyard Company." 

Mundaring offers a range of amenities, including shopping centres like Mundaring Village and Mundaring Mall. The suburb is also home to historical establishments such as the Mundaring Weir Hotel and the Mahogany Inn, both over 100 years old. 

The area is renowned for its natural attractions. Several national parks and trails, including the Railway Reserves Heritage Trail, provide walking, cycling, and horse riding opportunities. Mundaring Weir is a notable landmark, offering scenic views and picnic spots. 

The property market in Mundaring has shown growth, with a median house price of approximately $797,500. The suburb appeals to those seeking a peaceful lifestyle near Perth's urban amenities. 

Mundaring combines historic charm, natural beauty, and modern amenities, making it an attractive location for families and professionals seeking a tranquil yet connected lifestyle. 

 

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