Suburb Profile Report for Mundaring WA (6073)

Mundaring House: Median price $550,000, Annual capital growth 3.13%, Number of sales 44, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Property investors who have had real estate in Mundaring, 6073 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.56%

While Mundaring,6073 ranked number 29th in WA for increase in median house value (annualised) increase, it is ranked 202th over the last 5 years.

Mundaring6073 is located in WA which offers an average discount of -8.22% to property investors. Mundaring itself is showing figures that indicate -7.01% is the average achievable by property buyers investing in the suburb.

The WA suburb of Mundaring, 6073 is in the Mundaring local government area.

Lee Nangle Information supplied by:

Lee Nangle
Real Estate Plus

M 9295 0050
O 0427202366

W www.realestateplus.com.au
E lee@realestateplus.com.au
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

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.

Close
HOUSE UNIT
$550,000 N/A
3.77% N/A
-7.56% N/A
3.13% N/A
$460 N/A
44 N/A
4.35% N/A
92.86 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 3010
Median household income ($/weekly) 1319
Median age of persons 46
Median housing loan repayment ($/monthly) 1625
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 381 12.7
    35-44 years 388 12.9
    45-54 years 480 15.9
    55-64 years 464 15.4
    65-74 years 309 10.3
    Others 988 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 1222 53.9
    Not Married 840 37.1
    Defacto Relationship 205 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2053 72.2
    Papua New Guinea 73 2.6
    South Africa 27 0.9
    United Kingdom 475 16.7
    Other 67 2.4
    Others 148 5.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1765 66.1
    No Religion 834 31.2
    Buddhism 39 1.5
    Other Religious Groups 23 0.9
    Hinduism 9 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 130 13.5
    $600-$799 79 8.2
    $1,500-$1,999 107 11.1
    $2,000-$2,499 86 8.9
    $2,500-$2,999 108 11.2
    Others 455 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 846 36.3
    Employed, worked full-time 830 35.6
    Employed, worked part-time 506 21.7
    Employed, away from work 95 4.1
    Unemployed, looking for work 53 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 157 11.0
    Professionals 265 18.6
    Technicians & trades workers 240 16.8
    Clerical & administrative workers 241 16.9
    Sales 144 10.1
    Others 378 26.5
    Occupation
    Census Count Percent(%)
    Pre-school 44 6.8
    Infants/Primary 235 36.2
    Secondary 192 29.5
    Technical or Further Educational Institution 70 10.8
    University or other Tertiary Institutions 96 14.8
    Others 13 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2640 94.4
    Semi-detached, row or terrace house, townhouse 98 3.5
    Flat, unit or apartment 45 1.6
    Caravan, cabin, houseboat 14 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 447 41.4
    Being purchased 442 40.9
    Rented 175 16.2
    Other tenure type 17 1.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals