Mandurah WA Property Investment

Mandurah has compounded at 2.1%/yr over 5 years — a house that cost $672,660 in 2021 is worth $746,319 today. Properties are sitting on market for 38 days (roughly balanced conditions). At the same growth rate, today's median reaches $828,044 by 2031.

• Median house: $746,319 | Units: $708,813
• Gross yield: 3.8% | Net yield: 2.3%
• 5yr price CAGR: 2.1%/yr | 3yr forecast: 13.5%/yr
• Population: 8,804 | Owner-occupier rate: 68% | Affluence: Below Average

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 2.4% (improving) | Rental demand: High
• Median weekly rent: $550/wk | Days on market: 38 (stable)
• Balanced market — vacancy manageable but monitor trend.

• Median nightly rate: $310/night | Occupancy: 38%
• Estimated annual STR gross: ~$42,724/yr
• vs long-term rent: $28,600/yr (+49% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Mandurah station 3.1km away

If Mandurah maintains 3%+ annual growth and vacancy stays below 1.7%, median prices could reach $858,267 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Mandurah pull back 10-15% from $746,319, with vacancy rising to 4.3% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Balga (WA): $750,000 median, 5.0% yield, 14.1% 1yr growth
• Girrawheen (WA): $775,000 median, 4.4% yield, 16.5% 1yr growth
• Mirrabooka (WA): $800,000 median, 4.5% yield, 13.2% 1yr growth

Mandurah offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.3%.

• Entry range: $671,687 – $820,951
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.