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Podcast Appearances

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

That travelling distance, what, just over 70km?

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

And tell us the drive time.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

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.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

Kwinana, a very important word for your region.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

So tell people what that is.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

days on market.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

The median days on market around 36.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

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.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

So all of that points to positivity.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

I just want to throw in a little historical price context over the last 10 years or so.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

If you go back to 2014, 2015, the median house range was $350,000 to $375,000.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

10-year growth, 55% increase on houses.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

Over a five-year growth for the region, they're saying 140%, and that is just for the houses alone.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

It is on the up and up.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

One of the key reasons for that is the affordability versus Perth.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

Entry price is significantly lower than Perth Metro.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

Larger blocks and waterfront options.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

And you talk about, with good reason, that coastal estuary living.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

We are talking with Ben in Manjura WA this morning.

Aussie Real Estate Podcast
Mandurah Property Boom: 22% Growth Drives Demand in WA’s Coastal Housing Market

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?