City of MandurahEconomic profile
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City of Mandurah

Housing valuation

At June 2018, City of Mandurah had a median house valuation of $378,650, $191,040 lower than the median house valuation for 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 2014-2018, Housing Valuation System

Housing values
City of Mandurah20182014Change
Housing value (at June)City of MandurahAustraliaCity of Mandurah relative to AustraliaCity of MandurahAustraliaCity of Mandurah relative to Australia2014 to 2018
House--------------
First Quartile$314,493$374,663-16.1%$348,996$333,867+4.5%-$34,503
Median$378,650$569,690-33.5%$416,227$453,304-8.2%-$37,577
Third Quartile$470,863$849,406-44.6%$501,487$646,253-22.4%-$30,624
Unit--------------
First Quartile$222,964$344,647-35.3%$271,455$299,346-9.3%-$48,491
Median$258,585$485,921-46.8%$306,929$403,672-24.0%-$48,344
Third Quartile$315,550$696,893-54.7%$404,498$555,745-27.2%-$88,948

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Australia: $696,893 Median, Australia: $485,921 First Quartile, Australia: $344,647 Third Quartile, Australia: $849,406 Median, Australia: $569,690 First Quartile, Australia: $374,663 Third Quartile, City of Mandurah: $315,550 Median, City of Mandurah: $258,585 First Quartile, City of Mandurah: $222,964 Third Quartile, City of Mandurah: $470,863 Median, City of Mandurah: $378,650 First Quartile, City of Mandurah: $314,493
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Australia: $141,148 Median, Australia: $82,249 First Quartile, Australia: $45,301 Third Quartile, Australia: $203,153 Median, Australia: $116,386 First Quartile, Australia: $40,796 Third Quartile, City of Mandurah: $-88,948 Median, City of Mandurah: $-48,344 First Quartile, City of Mandurah: $-48,491 Third Quartile, City of Mandurah: $-30,624 Median, City of Mandurah: $-37,577 First Quartile, City of Mandurah: $-34,503
Source: Hometrack 2014-2018, Housing Valuation System

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