Selling points: Halls Head is a coastal community just South of Mandurah, with the estuary on one side and the beach on the other. It was voted the most desirable suburb outside the metropolitan area a couple of years ago. It has a nice community feel and a mixture of property types, from expensive homes on the canals and ocean front, to duplexes, standard four bedroom homes and a couple of apartment buildings.
Everything works on supply and demand and the last of the land available is soon to be released. When vacant land is no longer available I feel we will see some good capital growth. The area dropped in value drastically through the GFC crisis and is just starting to recover now with the oversupply starting to be soaked up; but prices have not yet really risen.
It has been observed in recent months that activity has been increasing and prices have started to move and land is rapidly running out.
Most sought after properties: Family homes seem popular with a lot of fly in fly out families locating to the area from interstate and overseas and also locals who want to live in a really nice neighbourhood.
Most common properties: Most houses are three or four bedrooms on between 500m and 800m size lots.
Top amenities: The neighbourhood has one high school and three primary schools. It has a shopping centre and a new one being completed currently. It has a soccer stadium, some lovely parks and a boardwalk, which runs along the beach front and attracts people riding push bikes and walking their dogs. It is only five minutes out of Mandurah’s CBD and the foreshore has lots of restaurants and amenities available.
Local industry and business: Local industries are generally mining-based, with sites in Pinjarra, Wagerup and Boddington, not to mention a large proportion of FIFO workers. Small business also plays a big factor.
Recent changes: Mandurah itself has seen massive changes in the last 10 years. It has rated as one of the fastest growing areas in the country. We now have the train to Perth and Mandurah central has under gone some major upgrades. Halls Head has grown with well-designed development by Mirvac, featuring a mix of available lots to suit a variety of demographics, some lovely parks and the new shopping centre, which is located on the beach front and I think will become a community hub.
Best streets: Old Halls Head has subdividable blocks and has always been sought after for its proximity to the centre of town; the newer part has nice new homes in a young area. For an investor it will depend on whether they are aiming to achieve capital growth or a good rental return. My advice is to buy as close to the beach as affordable.
Public transport: The bus system has improved drastically in recent years and now we have the train to Perth it allows locals to easily commute to work in a little over an hour.
Main arteries: The Freeway now runs all the way from Mandurah to Perth, which allows easy access everywhere. It also runs south to Bunbury, facilitating access to the south-west of the state and prevents the congestion that used to happen when all the traffic had to head through Mandurah.
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