Located in Western Australia within the Mandurah local government area, Mandurah is a medium-sized suburb (postcode 6210). It is home to about 8,804 residents, with an older-leaning population and a median age of 50. Households earn a median income of $45K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.4% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Mandurah has a median house price of $634,000, which has jumped by 28% year-on-year. Units have a median price of $375,000 (+25% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,250.
Mandurah is served by 9 schools, including 4 primary, 2 secondary, 2 combined, 1 special. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 80 bus stops.
From an investment perspective, The gross rental yield works out to roughly 4.3%, which reads as moderate yield. Property prices sit below the state median ($634K/$951K), which can point to relative value. The price-to-income ratio of 14.2x is considered stretched. House prices have moved +28.0% year-on-year. Population growth of +3.4% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.