City of MandurahEconomic profile
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City of Mandurah

Housing valuation

At June 2017, City of Mandurah had a median house valuation of $388,455, $90,788 lower than the median house valuation for Western Australia.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
City of Mandurah20172013Change
Housing value (at June)City of MandurahWestern AustraliaCity of Mandurah relative to Western AustraliaCity of MandurahWestern AustraliaCity of Mandurah relative to Western Australia2013 to 2017
House--------------
First Quartile$323,777$369,359-12.3%$325,789$380,886-14.5%-$2,012
Median$388,455$479,243-18.9%$393,637$496,421-20.7%-$5,182
Third Quartile$476,068$645,726-26.3%$480,399$667,328-28.0%-$4,331
Unit--------------
First Quartile$241,048$286,991-16.0%$257,124$313,575-18.0%-$16,076
Median$278,119$367,211-24.3%$299,901$392,444-23.6%-$21,782
Third Quartile$365,457$460,909-20.7%$391,200$504,487-22.5%-$25,743

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Western Australia: $460,909 Median, Western Australia: $367,211 First Quartile, Western Australia: $286,991 Third Quartile, Western Australia: $645,726 Median, Western Australia: $479,243 First Quartile, Western Australia: $369,359 Third Quartile, City of Mandurah: $365,457 Median, City of Mandurah: $278,119 First Quartile, City of Mandurah: $241,048 Third Quartile, City of Mandurah: $476,068 Median, City of Mandurah: $388,455 First Quartile, City of Mandurah: $323,777
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Western Australia: $-43,578 Median, Western Australia: $-25,233 First Quartile, Western Australia: $-26,584 Third Quartile, Western Australia: $-21,602 Median, Western Australia: $-17,178 First Quartile, Western Australia: $-11,527 Third Quartile, City of Mandurah: $-25,743 Median, City of Mandurah: $-21,782 First Quartile, City of Mandurah: $-16,076 Third Quartile, City of Mandurah: $-4,331 Median, City of Mandurah: $-5,182 First Quartile, City of Mandurah: $-2,012
Source: Hometrack 2011-2016, Housing Valuation System

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