Mandurah

POSTAL CODE: WA, 6210
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A steady increase in median property prices over a five-year period in the suburb translates to a 73.66% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $600,000

The augmented property values in the suburb are trailing above the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $540.

Home owners selling their properties and realtors in MANDURAH usually have to wait an average of 37.6 days days before their assets are lifted off the market.

The WA suburb ranks 143rd on the list of best yielding suburbs for rental properties in WA, posting a 4.68% return.

It also places places 218th in Australia based on median property value growth during the quarter.

Surburb overview

Located along a pristine stretch of Western Australian coastline around 72 kilometres south of Perth, Mandurah is a thriving coastal city offering current and prospective residents a combination of a vibrant lifestyle, stunning beaches, and a bustling dining and entertainment scene.

Populated by numerous waterways, abundant lifestyle reserves, and extensive recreational activities, the region has long been popular among a myriad of demographics, including families, retirees, and water sports enthusiasts alike who make the most of Collins Pool and the region’s surrounding beaches.

Just 28 kilometres from Rockingham and 108 kilometres from Bunbury, the area’s waterways and canals make for a popular retreat from nearby CBDs and make for a number of interesting housing options for short and long-term living, ranging from breathtaking beachside properties through to units and single-storey accommodation.

The region boasts a number of amenities conducive to permanent or holiday living, including medical facilities, boat ramps, a large shopping centre, plenty of resorts and hotels, a popular museum and a country club, which make even the most permanent residents feel as though they’re on vacation.

As part of the Transport Mandurah program, the city has enacted several infrastructure projects that align with its 20-year Strategic Community Plan that focus on long-term economic diversification, revitalisation, and community capacity building. These include the Mandurah City Centre Master Plan, the development of the Lakelands Train Station, which adds to the region’s public transport arsenal and reduces existing congestion, as well as upgrades to Mandurah TAFE and the Peel Health Campus.

In the 12 months to January 2023, 268 properties changed ownership in the region, while the average annual growth for the region is approximately 2.3 per cent. Mandurah investors can expect gross rental yields to be in the range of 5.9 per cent, while median rents can be up to $400 in most cases.

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