Urbis Outlook Mandurah Property Report
Mandurah’s accessibility to significant built infrastructure (including transport, education, retail and health), lifestyle amenity and major employment nodes positions it as the most significant and sought-after residential region outside the Perth metropolitan area. Residents enjoy a high standard of living for a lower cost than residing in metropolitan Perth (Mandurah’s median house price was 34% below that for metropolitan Perth, as at September 2014), yet all the conveniences of the Perth CBD (including good job opportunities) are within easy reach.
Rental yields for Mandurah have been attractive and higher than the average for the Perth metropolitan area. Within Mandurah the suburbs of Erskine, Halls Head and Meadow Springs have generally seen yields achieved above the Mandurah average.
Over the ten years to September 2014, the median detached house price in the City of Mandurah has risen 6.3% per annum to $410,000. This trend and the strong population growth illustrates growing demand for dwellings in the region.