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 $275,000
The augmented property values in the suburb are trailing behind the territorial average of -1.88% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $260.
Home owners selling their properties and realtors in MANDURAH usually have to wait an average of 115.6 days days before their assets are lifted off the market.
The WA suburb ranks 92nd on the list of best yielding suburbs for rental properties in WA, posting a 4.92% return.
It also places places th in Australia based on median property value growth during the quarter.
A survey of average capital gains or median home price increase in suburbs across the country shows that MANDURAH, 6210 obtained a -0.84% decrease over a ten-year period. It ranks 1709th on our list of suburbs that property investors should look into.
MANDURAH, 6210 has a capital gain of -4.84% for the past year, which is higher than average compared to its -28.92% growth within a five-year period.
With the median home price in MANDURAH sitting at $295,000, and the average rent at $250, property owners could potentially earn a 4.41% increase in gross rental yield.
A -4.84% increase in median property prices in MANDURAH, 6210 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 54th.
Figures from the previous quarter show that capital gains for real estate buyers in MANDURAH are high, as opposed to average gains per annum over the past five years.
MANDURAH, 6210 in WA belongs to the local government area of Mandurah.