Craig
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Podcast Appearances
That travelling distance, what, just over 70km?
And tell us the drive time.
Your area, it has really grown in numbers because the greater Mandurah city population is almost at, look at that, 100,000 people and the suburb of Mandurah, it is almost 9,000, so plenty of people coming into the region.
Kwinana, a very important word for your region.
So tell people what that is.
days on market.
The median days on market around 36.
If you look at the rental yield, the current gross rental yield for houses in the area is 4.1% with a median weekly price of $550.
So all of that points to positivity.
I just want to throw in a little historical price context over the last 10 years or so.
If you go back to 2014, 2015, the median house range was $350,000 to $375,000.
10-year growth, 55% increase on houses.
Over a five-year growth for the region, they're saying 140%, and that is just for the houses alone.
It is on the up and up.
One of the key reasons for that is the affordability versus Perth.
Entry price is significantly lower than Perth Metro.
Larger blocks and waterfront options.
And you talk about, with good reason, that coastal estuary living.
We are talking with Ben in Manjura WA this morning.
We have got more to come in just a moment because I do want to ask him with the growth that has happened, just what is happening at the moment with investors there?