Suburb Profile Report for Mandurah WA (6210)

Mandurah House: Median price $237,750, Annual capital growth -2.36%, Number of sales 94, Weekly median advertised rent $275

Mandurah Unit: Median price $249,000, Annual capital growth -3.02%, Number of sales 110, Weekly median advertised rent $270

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -12.35% for the last year, Mandurah, 6210 is the 3683th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Mandurah comes in at number 385th in WA.

Property buyers and investors in Mandurah 6210 should be seeing an average reduction in asking price of around -11.07% . This means that Mandurah is holding prices well when compared to other suburbs in WA.

At number 3004 in a list of fastest selling suburbs, Mandurah is in the bottom 20% of suburbs in Australia with an average of days on market 106.278 for properties listed there.

With the median price for a house in Mandurah being $237750 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 6.01%

WA has seen average median house prices change by -5.11% which means that Mandurah, 6210 has not done well for property investors by showing a capital gain of -4.23% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mandurah has fallen somewhat when compared to the 5 year average annual rate.

The most recent median price for Mandurah is $249000, with sellers offering an average of -8.14% off the asking price.

In the last year 110 properties changed hands in Mandurah, which puts it as the 9th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Mandurah being $249000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.64%

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Once a property darling, Mandurah’s been off the boil for some time – but it’s still looking like a good option for investors seeking affordable properties with excellent long-term growth prospects.

The key to Mandurah’s long-term appeal is its jet-propelled population growth. ABS figures show that the city’s population grew by a staggering 19% between 2005 and 2009 – that’s nearly 4% a year. That growth is set to continue, too: projections from the City of Mandurah forecasts the population for the metropolitan area alone to increase from 72,722 to 116,134 over the next 20 years – an increase of 59.6%. That population growth is potentially also one of the reasons that the HIA listed Mandurah the location which will have the eighth-largest shortfall of properties by 2020 (a projected shortage of over 6,200 dwellings).

What’s the attraction? Well, Mandurah forms the southern end of a stretch of towns south of Perth (also including Rockingham, Port Kennedy and Secret harbour) that provides both affordable housing for people moving from Perth – particularly young families and sea changers – as well as a service centre for mining industries in the hinterlands to the east of the city and a thriving local economy.

While the city is 72km from Perth, the Perth-Mandurah line – completed in 2007 after lengthy delays – provides transport to the centre of Perth in 48 minutes. Road access to Perth is also relatively quick via the Kwinana Freeway.

Mandurah’s amenities are plentiful: there are five shopping centres, a number of public and private schools, a hospital, a campus of Murdoch university, a TAFE, two zoos, and plentiful parks and sporting facilities. It’s also renowned for its foreshore, protected waterways such the Peel Inlet and Harvey Estuary and ocean beaches, making it a popular tourist and lifestyle location. Whale and dolphin spotting, boating and watersports are all being well catered for. It’s also acts as the unofficial gateway to the south-west, with national parks, the Dwellingup state forest and the Margaret River within driving distance.

Local employment is driven by tourism, manufacturing, retail and a number of local mines: the Huntly mine in Pinjarra is the largest bauxite mine and alumina refinery in the world, and the Boddington gold mine has recently become Australia’s largest gold mine.

In response to the projected population growth, Mandurah’s also undergoing civic improvement, with a major revitalisation of Mandurah’s city centre and foreshore precincts, better transport linkages to the City’s foreshore and greater tertiary education opportunities – while still preserving bushland and waterways Significant housing development opportunities have been identified in almost all areas in the City of Mandurah, most notably Lakelands, Dawesville-Bouvard-Herron-Clifton, Mandurah and Halls Head. Mandurah is also one of the early locations to benefit from the National Broadband Network.

Now may be a good time to buy, too: the Mandurah market has followed Perth in seeing value falls after a period of strong growth up to 2008, although RP Data figures suggest only the unit market in Halls Head has seen large falls. Long-term growth figures vary between 12% and 18% pa, but properties are still affordable, with median prices typically between $280,000 and $450,000. This is likely to stand Mandurah in good stead with buyers priced out of the Perth market. Rental yields remain robust, and are typically between 4% and 5%. Vacancy rates are relatively tight at 2.4%.

Overall, Mandurah ticks an awful lot of boxes when it comes to investment fundamentals – particularly diverse industry, closeness to the state capital and surging population growth and lifestyle benefits, while still being affordable and having excellent long-term growth potential.

Metrics i HOUSE UNIT
$237,750 $249,000
-0.94% 13.18%
-12.35% -4.23%
-2.36% -3.02%
$275 $270
94 110
6.01% 5.64%
106.277777777778 104.472222222222

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Below average (U)
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Total population 7327
Median household income ($/weekly) 679
Median age of persons 46
Median housing loan repayment ($/monthly) 1485
Average household size 1.9
  • Census Count Percent(%)
    25-34 years 886 12.1
    35-44 years 800 10.9
    45-54 years 955 13.0
    55-64 years 996 13.6
    65-74 years 872 11.9
    Others 2819 38.5
    Age Group
    Census Count Percent(%)
    Not Married 3113 56.7
    Registered Married 1814 33.0
    Defacto Relationship 568 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4822 71.7
    Papua New Guinea 298 4.4
    Philippines 83 1.2
    United Kingdom 892 13.3
    Other 177 2.6
    Others 457 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 119 1.9
    Christianity 4307 67.0
    Hinduism 54 0.8
    Other Religious Groups 68 1.1
    No Religion 1837 28.6
    Others 47 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 490 15.8
    $400-$599 563 18.2
    $600-$799 369 11.9
    $800-$999 330 10.7
    $1,000-$1,249 238 7.7
    Others 1102 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2872 49.6
    Employed, worked full-time 1532 26.4
    Employed, worked part-time 832 14.4
    Unemployed, looking for work 359 6.2
    Employed, away from work 200 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 280 10.9
    Technicians & trades workers 511 19.9
    Community & personal service workers 309 12.0
    Clerical & administrative workers 285 11.1
    Labourers 380 14.8
    Others 800 31.2
    Census Count Percent(%)
    Pre-school 53 5.6
    Infants/Primary 346 36.7
    Secondary 206 21.8
    Technical or Further Educational Institution 164 17.4
    University or other Tertiary Institutions 135 14.3
    Others 40 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3499 54.0
    Semi-detached, row or terrace house, townhouse 2037 31.4
    Flat, unit or apartment 804 12.4
    Caravan, cabin, houseboat 129 2.0
    House or flat attached to a shop, office 11 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1931 57.8
    Fully owned 889 26.6
    Being purchased 454 13.6
    Other tenure type 69 2.1
    Tenure Type
Census 2011, ABS
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