Mandurah house prices experience slight rebound

Mandurah house prices experience slight rebound

REGIONAL WA experienced positive overall price growth across houses, units and land in the three months to March 2016, outperforming the Perth metropolitan area as the regions recovered from the seasonal impacts of the December quarter.

The Mandurah-Murray region had a median house price of $396,000, which represented a 1.9 per cent increase.

REIWA president Hayden Groves said data showed that while parts of regional WA were still feeling the effects of the slowdown in the mining sector, a number of areas – particularly those south of Perth – were showing signs of strength in a challenging market.

“It’s really pleasing to see that regional WA’s overall median price lifted 1.3 per cent over the quarter, and looking at houses, units and land individually, there was notable growth in all three areas,” Mr Groves said.

“In particular, units experienced the biggest quarterly growth in median price, lifting 6 per cent.

“This can mostly be attributed to the Mandurah-Murray region which saw its median unit price improve significantly to $390,000 over the quarter, from $320,000 in the December quarter 2015.”