Mandurah is a regional hotspot driving the investor boom in Australia.
According to Buyers Agent, Mandurah came in at number one based on investor activity and capital growth, followed by Busselton, Bunbury and Rockingham.
Brisbane-based buyer’s agent Andrew Pizzino said Western Australia and Queensland had the fastest-growing regional markets.
“When analysing key property metrics like rental yields, vacancy rates, population growth, and demand in both rental and owner-occupied segments, it’s clear that regional investment markets in North Queensland and Western Australia are the most popular,” he said.
“Mandurah, in particular, remains a top investor hotspot. As Western Australia’s largest regional city, it’s steadily transitioning from a mining town to an affordable alternative to Perth.”
The data revealed Mandurah's median house price was $470,000, a 26.2 per cent increase in annual capital growth.
The median weekly rent over the past 12 months was $500, a growth of 11 per cent.
Peel Thunder's Bo Allan becomes an Eagle
Christmas on the Murray 2024
Man charged over Henderson hit-and-run crash
Manslaughter charges dropped against man accused of Mandurah boat tragedy
Rockingham boy critically injured in Bali quad bike crash
Christmas cheers returns to Mandurah
City of Mandurah launches new community safety strategy
Winners announced for the 2024 Alcoa Peel Business Excellence Awards
Mandurah: Three girls charged with aggravated armed robbery