Mundaring is in the TOP 20% in WA when comparing median price capital growth over the last year. Mundaring gave property investors a very good capital gain figure when compared to the rest of the state, with 1.66%.
The five-year average increase in median property values for Mundaring,6073 has given property investors a potential capital gain of 8.33% across each of those five years.
Mundaring6073 is located in WA which offers an average discount of -8.23% to property investors. Mundaring itself is showing figures that indicate -6.81% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 2.28%.
As the urban sprawl in Perth continues to expand and lot sizes shrink more and more people are attracted to the space and peaceful environment the Mundaring Shire has to offer.Full summary
Information supplied by:
Real Estate Plus
Selling points: Excellent lifestyle with larger blocks (2000 sqm upwards), good schools and a safe area to live. As the urban sprawl in Perth continues to expand and lot sizes shrink more and more people are attracted to the space and peaceful environment the Mundaring Shire has to offer. The resource workers like the convenience of being just 19km to the domestic airport, 23km to the international airport and 42km to Perth.
Most sought after properties: 4 bedroom 2 bath family homes on half acre blocks with a big shed hidden down the back.
Most common properties: There is an amazing variety of homes in our area from 100 yr old weatherboard cottages to brand new double brick and tile/iron homes with all the modern conveniences.
Top amenities: The Mundaring centre really lacks nothing with both major supermarket chains present; we have excellent dining with Little Caesars Pizzeria twice winning the world’s best pizza title and The Loose Box restaurant offering internationally renowned French cuisine. Each year Mundaring holds the Truffle festival, there are monthly markets, The Mundaring Weir Hotel has regular live music on a Sunday and John Forrest National Park is just beautiful for picnics by the waterfalls. There are wineries, olive groves, art galleries to visit and each year the West Australian flora comes alive with wildflowers.
Local industry and businesses: Woolworths, Coles, IGA, Retail, Dining and Light Industrial
Recent changes: The Mundaring town site has grown tremendously over the last 10 years with new businesses opening, old ones being revamped and annual events growing bigger each year.
Best streets: I personally always choose on location first so I believe as a buyer in Mundaring you would pick a property in a quiet street but within walking distance to services. There is some good value to be had with prices for a 4x2 on a half acre starting around the low 500s for a reasonable home.
Public transport: There is a regular bus route down to Midland train station or you can park and ride from there into the city.
Main arteries: Mundaring is situated on the Great Eastern Highway which as the name suggests is the major link between Perth, the wheatbelt/goldfields and beyond. Just 15 minutes west you can connect to the Roe Highway, travel south to get to Mandurah or Fremantle and travelling North up Roe you will find the Reid Highway taking you to the coast and some of Perth’s best beaches. The city, the beach and Fremantle are all within an hour’s travel of Mundaring.