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It’s been well advertised that WA’s real estate market has been experiencing a flat period, however sales in the Mandurah / Murray Region have produced a mixed bag of results according to REIWA’s latest statistics.
Overall the Mandurah / Murray Region recorded 0.0% growth over the last year. A slight dip for the quarter didn’t affect the area’s long term growth of 0.5% over 5 years.
Compared to Perth, Mandurah offers its residents an enviable lifestyle and excellent value for money in housing options. The top 5 performing suburbs over the last 12 months are
- Dudley Park – up by 4.9%
- Madora Bay – up by 3.5%
- Erskine – up by 3.0%
- Pinjarra – up by 1.0%
- Dawesville – up by 0.9% (Based on suburbs with more than 30 sales)
There has been a steady flow of buyers taking advantage of those properties that are priced realistically. If you’re interested in selling and would like to know the value of your home in todays market, call H&N Perry on 9535 1822.