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2A Wyeree Road Mandurah

It's with great pleasure to present

Your Focus Market and Property

and this is why...

We would like to offer you the below discounted pricing:

Option 1: $14,300 inc. GST – If paid in full on engagement or

Option 2: $17,050 inc. GST – If paid in 2 instalments.
First instalment of $6,050 inc. GST on engagement and second instalment of $11,000 inc. GST on settlement.

DISCOVER OUR METHODS

HOW DO WE SELECT OUR MARKETS?

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

In proud partnership with Australia's top property economists. We formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

your Hot market

MANDURAH

The City of Mandurah covers 173 square kilometres, is 50km
long yet only 8km wide (at its widest point), and stretches
from Madora Bay and Lakelands in the north to Herron and
Clifton in the south.

It is home to more than 88,000 people with an average increase of 1500 new residents each year over the past five years. Between 2016 and 2036, the population for the City of Mandurah is forecast to increase by 36,778 persons (44.26% growth), at an average annual change of 1.85%.

Mandurah boasts a typical Mediterranean climate and relaxed coastal lifestyle which provides a unique work/life balance opportunity. Between the Indian Ocean, the expansive waterways of the Peel-Harvey Estuary and the lower reaches of the Serpentine River, this unique location boasts some of the best water based activity facilities in Western Australia.

Until recently, Mandurah was one of Australia’s fastest growing cities, having experienced more than half a century of phenomenal growth, from a seaside village of less than 2000 residents in 1954 to a city in excess of 85,000 in 2018. Mandurah’s current annual (2017/18) growth rate is 1.3%, with five-year average growth (2014-18) of 1.5%

Mandurah, WA’s largest regional city and less than an hour from Perth, is set against a backdrop of magnificent beaches and an estuary twice the size of Sydney Harbour. Originally known as Mandjoogoordap, Mandurah means ‘meeting place of the heart’.

Market Performance Over 1 Year

Mandurah Population Forecast

There is continued demand for residential development within the City, catering for both people moving from Perth and also new households being formed from within the existing population of the City of Mandurah.

Strategic Community Plan 2020-2040

The City’s overarching document that guides all the actions of the Council, ensuring that every step taken is a step toward achieving the community’s vision for the future.

Facts and Figures

Mandurah is a superb place to live and raise a family. It offers an exciting mix of residential developments, from family homes and modern apartments within new estates to luxurious homes nestled among canal waterways.

Official Website

The City of Mandurah's official website is where you can find out more about their services for residents, businesses, our community and visitors.

Transform Mandurah

The City of Mandurah has outlined its plans for a bold and "out-of-the-box" transformation over the next decade.

MANDURAH 6210

Market Conditions

6.5% median market growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 6.43%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

-3.85% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less and negotiations begin to tighten up.

Days on market have reduced since March 2021 by -36.7% to 31 days.

A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.

The number of new listings has increased by 34.0% in the last year.

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 17.7% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Economically influencing projects

OUR SUGGESTED PROPERTY

2A Wyeree Road Mandurah WA 6210

Property details

5

1

1

Asking Price

Target Price

Potential Rent

Potential Yield

$369,000

$375,000

$460 p/w

6.38% Gross

Where is this Property?

ComparAtive properties

What should i know about this property?

Are there easements on the property?

there are no easements on the property

EASEMENT MAP
Easements are areas which need to be accessible by council or anyone with a right to access a portion or part of land. An easement could be related to sewage piping, gas lines or electrical works.

Is the property located in a flood zone?
The property does not fall within flood lines.

FLOODZONE MAP
Flood zones can be determined from river flood lines. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments may warrant higher insurance costs.

Is the property correctly zoned?
Development Zone: residential

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Is the property in adequate condition?
YES, please see the photos in the lisitng

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?
Approximately $2,100 yearly

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What is the cost for building insurance?
Approximately $1,300 per year

In most states, building and landlord insurance is required to by the buyer one the property’s contract has been signed and exchanged. The fee above is an average for the building insurance only.

How many days has this property been on market?
This property was listed 24/2/22

There are 3 types of listing stages:

On-market, this is found on major portals
Off-market, this is for sale, but with the listing agency only
Pre-market, this has been presented to us outside of the public

When was the property Built?
The property was built in 1985

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depreciating asset.

Is the property leased, if so until when?
the tenants are on a Periodic lease

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will only be possible at the time the tenants lease period renews.

What are the lease rates associated?
can be rented for $460 per week

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

Why is this a good option?

Please make sure to go though all the details and get back to us as soon as possible

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