Rental Demand & Vacancy Rates in Mandurah

Mandurah continues to experience strong rental demand in 2025, with vacancy rates holding well below 1% across most suburbs. Well-presented homes are leasing within days, and premium coastal properties in Halls Head, Dudley Park, and Meadow Springs are often attracting multiple applications after the first viewing.

The median weekly rent for houses now sits around $530 per week in central Mandurah, out suburbs such as Falcon, Silver Sands, Meadow Springs are getting even higher weekly returns. Quality units in central Mandurah are fetching between $470–$490 depending on proximity to Mandurah’s foreshore and train line. These figures represent an annual increase of approximately 10% — highlighting the persistent rental pressure across the Peel region.

With limited new housing stock entering the market, investors are finding it increasingly easy to maintain full occupancy, while tenants continue facing competitive conditions.

Sales Prices & Buyer Activity

On the sales side, Mandurah’s property market remains resilient in 2025. Median house prices have climbed to approximately $580,000 for central Mandurah while surrounding suburbs are demanding much higher prices, up nearly 17% year-on-year, while the median unit price is now just under $500,000. Properties are spending an average of 25–30 days on the market, again, surroundings suburbs getting even better results than that,  Making Mandurah one of the fastest leasing suburbs in Western Australia!

Increased buyer demand is being fueled by affordability, simply put inner city suburbs are pricing most buyers out of the market, the outer suburbs are also demanding prices that far exceed what most buyers can afford leaving places further south like Mandurah and further North like Butler good targets for both investors looking for better rental yields and first home buyers

Impact of the 5% Deposit Scheme on Mandurah Prices

The WA 5% deposit scheme has given first-home buyers easier access to Mandurah’s property market — but so far, it hasn’t significantly distorted prices. While some entry-level suburbs such as Greenfields and Coodanup have seen a small uptick in demand, overall price growth continues to be driven more by limited supply and strong investor interest than by government incentives.

However, agents are noticing increased enquiry levels from first-home buyers who previously found deposits a barrier. This demand could sustain moderate price growth through late 2025 if supply doesn’t increase.

Is There Still a Rental Shortage?

Yes — the shortage of suitable rental stock continues. Mandurah currently has fewer than 1 in 100 properties available for lease, well below the 3% equilibrium level considered a “balanced” rental market. Many landlords are achieving higher rents at renewal without major resistance from tenants.

Rental availability remains tightest for large family sized dwellings as larger homes are snapped up the fastest. Investors who list properties in good condition with professional photos and flexible viewing times are seeing an immediate return on marketing investment.

What This Means for Mandurah Landlords & Investors

For landlords, the current market represents an exceptional opportunity to optimise rental income and long-term equity growth. Here’s what local property owners should focus on:

• Prioritise tenant quality over speed. With high demand, you can afford to be selective.
• Keep your property presentation sharp. A modern kitchen or bathroom can add 10–15% more rent in the current market.
• Work with a local expert. A Mandurah-based property manager understands local tenant behavior, council rules, and market trends far better than Perth agencies operating remotely.

For tailored management strategies, see our full guide:
Top 10 Reasons to Hire a Property Manager in Mandurah and
7 Key Insights to Property Management Fees in Mandurah.

Next Steps for Landlords & Sellers

If you’re considering leasing or selling in 2025, now is the time to act. The current market provides strong pricing momentum on both sides — landlords can maximise yield, and sellers can capture high buyer competition before potential interest rate adjustments later this year.

For investors expanding their portfolio, read our article:
10 Golden Rules for Finding an Investment Property in WA.

To receive a free market appraisal or rent estimate, contact our local team today at
Mandurah City Real Estate.