Mandurah has experienced a significant surge in home prices in recent years, and experts expect this upward trend to continue. Over the year leading up to February, prices rose by 22.2%, outperforming the national growth rate of 9.1%, as well as other markets such as the suburbs of Perth, Ipswich, and Toowoomba.
Mandurah is the largest regional city in Western Australia, with a population exceeding 100,000 residents. Home prices have doubled from $404,000 in 2015 to $800,000 by the end of 2025, despite a period of stagnation prior to that.
The recent increase is attributed to several factors, most notably a shortage of housing supply amid rising population growth and a slowdown in home construction. Property listings in Perth have dropped to half of their pre-pandemic levels.
Forecasts indicate that this shortage will persist, with Western Australia’s population expected to grow by 584,000 people over the next decade, at an annual rate of 1.5%—the fastest in the country.
