Craig

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Now, one of the most interesting property stories right now is happening just outside of Perth.

The coastal city of Manjura, this has quickly become one of the hottest housing markets in Australia.

Over the past year alone, home prices have surged more than 22% well ahead of the national average.

What's driving it?

Well, a mix of affordability, lifestyle appeal, that is in there, and a shortage of homes on the market.

Remember, when more people are chasing fewer homes, that's always where price pressure starts.

So let's take you to WA, where we are joined by Ben Hatch from Harcourts in Manjura.

And welcome to you on this Monday morning to the Real Estate Breakfast.

Yes, it's very close to Perth.

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.