04/03/2010 - 13:46

Albany, Mandurah coastal home top list

04/03/2010 - 13:46

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The value of houses in Albany and Mandurah were among the top three coastal locations in the country to experience growth over the past 10 years, according to new analysis from RP Data.

Albany, Mandurah coastal home top list

The value of houses in Albany and Mandurah were among the top three coastal locations in the country to experience growth over the past 10 years, according to new analysis from RP Data.

The property researcher said that in the 10 years to the end of 2009, the median house price in Mandurah has climbed 12.7 per cent to $365,000, while Albany grew 11.1 per cent to $370,000.

The two WA locations were beaten by Bryon Bay, where the median value of a home increased 13.1 per cent over the past 10 years to $508,500.

While the past 10 years have pushed growth in Albany and Mandurah, home values in both locations suffered some of the larger falls during 2009, with drops of 6.3 per cent and 7.6 per cent respectively.

Meantime, Busselton was one of two coastal locations to record falls in rent during the past six to nine months, with the median rent price of a house falling 5.3 per cent to $310 a week. Bundaberg experienced a fall of 1.9 per cent to $260.

Albany booked one of the highest increases in rent with the median weekly rent for a house climbing 7.7 per cent to $280, but also suffered the largest drop in median unit rent in 2009 with a fall of 17.6 per cent.

The strongest growth in median weekly rents was Busselton.

 

 

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