Suburb spotlight on: Mandurah, WA
Who’s got top market share?
If you like water sports and gazing out at sparkling waters while enjoying a Mediterranean climate, Mandurah is the suburb for you. Located between the Indian Ocean and the Peel-Harvey Estuary, Mandurah offers a unique location while being WA’s second-biggest city. Residents enjoy a mix of family homes and modern apartments, with plenty of opportunity for development in the area. A savvy sales office an eye for investor opportunity could grow a successful business here.
Let’s look at the market share in the area. Harcourts Mandurah has the highest market share at 17%, followed by Acton Mandurah at 13%. Century 21 Coast Realty Mandurah rounds out the top three with 11%.
Residents are predominantly older singles of 60+ who make up around 66% of the population while families make up 34%. According to CoreLogic Data, the most popular property type to buy is a three-bedroom home with an average price of $314K. There is a reasonable rent roll opportunity with 61% of people renting, paying an average of $250 per week.
For downsizers, young families or those seeking a more laid-back pace of life, Mandurah is the perfect place to live. It presents the ideal opportunity for a smart new Ray White team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.