The real estate market in Mandurah, a stunning coastal suburb in Western Australia, has been experiencing significant growth over the past year. With its pristine beaches, vibrant community, and close proximity to Perth, Mandurah has become an attractive destination for homebuyers and investors alike. In this article, we will delve into the statistics provided by REIWA (Real Estate Institute of Western Australia) to understand the remarkable growth of Mandurah’s real estate market.
Mandurah Real Estate 12-MONTH FIGURES
1. Sales Growth: A Strong Upward Trend According to REIWA’s data, the sales growth in Mandurah over the past 12 months has been an impressive 9.3%. This signifies a growing demand for properties in the area, which is excellent news for homeowners and investors. The upward trend in sales reflects the growing popularity of Mandurah as a desirable place to live, work, and invest in Western Australia.
2. Median House Sale Prices: A Steady Rise The median house sale prices in Mandurah have soared to $350,000, according to REIWA’s statistics. This represents a substantial increase, demonstrating the rising value of properties in the suburb. The combination of affordable prices and a high quality of life is attracting buyers from both local and interstate markets, seeking a relaxed coastal lifestyle without compromising on amenities and infrastructure.
3. Rental Growth: An Attractive Investment Opportunity Investors looking for rental properties will be pleased to learn that Mandurah has experienced significant rental growth. The rental market in Mandurah has witnessed a remarkable increase of 25.7% in the past year, indicating a strong demand for rental properties. The robust rental growth is a testament to the suburb’s desirability among tenants, which translates into a promising investment opportunity for property owners.
4. Median Rental Price: Reflecting Market Dynamics The median rental price in Mandurah has risen to $440 per week, as reported by REIWA. This increase indicates the market’s response to the growing demand for rental properties, highlighting the suburb’s attractiveness for tenants. Landlords and property investors can take advantage of this upward trend in rental prices, enjoying healthy returns on their investment properties in Mandurah.
Mandurah, a beautiful suburb in Western Australia, has witnessed remarkable growth in its real estate market. With an impressive sales growth of 9.3% in the past 12 months and a median house sale price of $350,000, the suburb offers affordable options for homebuyers. Additionally, the substantial rental growth of 25.7% and a median rental price of $440 per week make Mandurah an appealing destination for property investors. With its breathtaking coastal scenery, vibrant community, and growing amenities, Mandurah is poised to continue its upward trajectory in the real estate market.
To explore the current listings and learn more about Mandurah’s real estate, visit REIWA’s Mandurah Suburb Page.
Note: The statistics provided in this article are based on the information available at the time of writing and are subject to change. It is advisable to consult reputable sources and real estate professionals for the most up-to-date data and insights.
HOW MUCH IS YOUR PROPERTY WORTH?
If you’re a current homeowner in Lakelands or considering investing in the suburb, it’s essential to stay informed about the value of your property. To get a comprehensive and up-to-date appraisal, we recommend reaching out to David Beshay, a reputable and experienced real estate professional. David specializes in the Mandurah Real Estate and can provide you with valuable insights and guidance.
Contact David Beshay today for a free, personalized appraisal that takes into account the latest market trends and factors specific to Lakelands. Knowing the current value of your property is crucial for making informed decisions about selling, refinancing, or investing.