REIWA has released its latest research data which shows that Mandurah is Western Australia’s top searched suburb for rentals. According to REIWA President Damian Collins, the list was quite diverse, as it featured seven suburbs from within the Perth region and three regional towns. See the full article from REIWA here… https://reiwa.com.au/about-us/news/tenant-hotspots–wa-s-10-top-searched-suburbs-for-rentals-revealed/
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The Real Estate Institute of WA (REIWA) has released its latest research revealing Perth’s 10 Highest Growth Suburbs in 2018. Madora Bay defied the trend to record significant median price growth. The Mandurah beach side suburb took out 2nd place with a growth of 28.7% bringing the median house price value to $560,000.
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The latest REIWA forecast for the 2019 property market shows stability in the sales sector with rental prices increasing. This is great news for sellers and buyers alike. A stable market creates a level playing field for both buyers and sellers. Sellers can gauge a more accurate estimation of their property’s value and buyers can buy with confidence, knowing that their new investment isn’t going to depreciate in value. Whilst this forecast focuses on the Perth housing market, regional sectors such as Mandurah and the Peel Region tend to follow suit. REIWA Stable property market conditions expected in WA in 2019
The release of REIWA’s sale statistics may not seem like good news for sellers, however if you are buying and selling in the same market you will hold the value of your property dollar. A fall in population growth for the Peel Region has created a generous supply of properties for sale which is giving buyers a lot of extra choice. These conditions are favourable to both first home buyers and also growing families looking to trade up.
Traditionally the Mandurah / Murray Region experiences a slight decline in sales over the winter months before rising again over summer. Wise buyers will use these statistics to make their purchase over winter.
For investors, a more accurate measure of long term capital gain is best established by looking at growth over a 5 year period. The top 5 suburbs in the Mandurah / Murray region over the last 5 years are…
1. Madora Bay Up by 2.5%
2. Greenfields Up by 2.2%
3. Wannanup Up by 2.0%
4. San Remo Up by 1.6%
5. North Yunderup Up by1.6%
We are seeing a steady flow of buyers taking advantage of those properties that are priced realistically. If you’re interested in selling and would a realistic appraisal of your home’s value in today’s market, call H&N Perry on 9535 1822.
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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.
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The quarterly statistics for June to September have been released by REIWA, and as expected, the majority of Mandurah / Murray suburbs have remained steady in value
Annually, Pinjarra and Madora Bay have been the best performers with and increase in value of 17% and 6.5% respectively. For the quarter, the top 5 performers are*
1. Madora Bay Up by 2.5%
2. Greenfields Up by 1.2%
3. Lakelands Up by 1.2%
4. Dudley Park Up by 1.0%
5. Erskine Up by 0.7%
*Based on suburbs with 30+ sales.
The number of houses listed for sale has blown out dramatically over the last quarter giving buyers a wide range of properties to choose from. Whilst there is still plenty of active Buyers, the large range of stock available is putting pressure on Sellers to negotiate their prices. If you’re a Buyer, now is an ideal time to snag a bargain!
Even in a tough market, H&N Perry continue to negotiate the best deals for our Sellers. Our office has been selling property in the Mandurah area for over 65 years and we have the local knowledge to close successful deals that are satisfying for both sellers and buyers.
If you’re looking for an agent who will work hard for you, call H&N Perry on 9535 1822.
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According to this article in the Sunday Times, there were four Mandurah properties that made it into the ‘Top Ten Sales’ list this month. Homes located in Halls Head, San Remo, Falcon and Dudley Park were sold for between $950,000 and $1,250,000.
The volume of house sales in the upper end of the market have bounced back over recent years and there is steady demand for quality properties in sought after locations, such as beach front and canal homes. If you’ve been thinking about selling your home, now is an ideal time to list it. Summer is fast approaching and traditionally Mandurah experiences an increase in sales over this period.
H&N Perry specialise in selling high end properties. Our office has been selling property in Mandurah for over 65 years and we use this depth of local knowledge along with the latest technology to provide you with the most accurate price expectation for your home.
We have also developed a proven marketing plan to ensure that your property receives the highest exposure possible. If you decide that an Auction would be the best method to sell, H&N Perry’s Licensee, Frank Lawrence in one of Western Australia’s best Auctioneers, having won REIWA’s Auctioneering Championship for a record four times. Call any of H&N Perry’s experienced Sales Representatives for an appraisal on your home.
Frank Lawrence 0412 903 375
Roz Cameron 0417 949 544
Cliff Newick 0417 981 251
Tom Moylan 0414 555 177
Barry Mitting 0414 475 607
Gareth Doust 0431 253 263
Les Waters 0407 060 566
Peter Craig 0428 378 100
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REIWA have released their sales statistics for the April-June 2015 period and the results show a predictable steadiness in the Mandurah / Murray region.
Most suburbs have retained their value over the quarter, and many have benefited from an increase in the annual median. In fact, there are two Peel suburbs, Pinjarra and Coodanup that have secured a place in the Top 10 Regional Sales for 1 year. The annual results for the Peel Region are as follows…
- Pinjarra – up by 18.9%
- Coodanup – up by 15.3%
- Falcon – up by 5.3%
- Mandurah – up by 4.1%
- Lakelands – up by 3.6%
The number of sales has also remained steady with a particularly strong interest in properties priced under $500,000. If you’re thinking about selling, call H&N Perry. We will work hard to get you the highest price possible for your home.
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Last week REIWA released their statistics for the year of 2014 and the results for the Mandurah / Murray area were very positive. Annually, property values have grown in all suburbs with more than 30 sales. This is good news for those who have already invested in Mandurah’s real estate market, however with prices softening slightly over the last quarter, there is an excellent opportunity to buy now before prices rise again.
The Reserve Bank’s latest interest rate cut to a historic low of 2.25% has already created a 40% spike in home loan enquiries. It has been predicted that there will be another rate cut in March which will further increase the demand for homes, ultimately leading to an increase in property prices. By purchasing your home now while prices are steady, you may benefit greatly in the future.
Mandurah’s Best Performing Suburbs for the Year 2014 are as follows…
1st Coodanup +16%
Equal 2nd Wannanup +12%
Equal 2nd Falcon +12%
Equal 3rd Madora Bay + 8%
Equal 3rd Meadow Springs + 8%
H&N Perry have a great range of properties for sale including waterfront and canal homes, family homes and investment properties. Call our office on 9535 1822 and one of our friendly sales reps will find something that suits you.
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The latest REIWA (Real Estate Institute of WA) statistics have been released it’s good news for property owners in Mandurah! Whilst most property prices in Perth have remained motionless over the last quarter, most Mandurah suburbs have continued to experience healthy growth.
According to REIWA executive manager research, Steward Darby, “Peel and the South West have been a shining light in housing”. The Mandurah / Murray area was WA’s second highest performing regional area and Peel suburbs, South Yunderup, Wannanup and Dawesville even appeared in the Top 10 suburbs for regional growth!
The highest Mandurah / Murray performers for the year ending September 2014 were…
1. South Yunderup +19.9%
2. Wannanup +16.9%
3. Dawesville +14.2%
4. Meadow Springs +8.3%
5. Ravenswood +8.2%
H&N Perry have been experiencing strong enquiry from buyers who now see the value on offer in the Mandurah region. With interest rates remaining steady once again, we are expectiving sales to continue to flourish throughout the summer season.
If you’d like to know how much your property is worth, call one of our experienced sales representatives today on 9535 1822. We have buyers waiting for your property to hit the market!