Ray White Now | September 2021 | Page 19

REGIONAL WESTERN AUSTRALIA - TRIPLE IMPACT OF MINING , LIFESTYLE AND AGRICULTURE DRIVING PRICE GROWTH
All parts of regional Western Australia have seen price growth but the drivers are vastly different . Mining has of course been a major driver with towns close to mines seeing big jumps in pricing . Agricultural areas have also done well , albeit off a low base . Lifestyle shifts and demand for holiday homes has driven coastal areas .
Mining , lifestyle and agriculture driving Western Australia ' s regional areas
Value change over the pandemic for Western Australia
State
Jul-21
$ change
Western Australia - Outback ( South )
WA
$ 309,271
72,649
Mandurah
WA
$ 446,938
69,682
Bunbury
WA
$ 445,668
65,927
Western Australia - Wheatbelt
WA
$ 335,537
60,969
Western Australia - Outback ( North )
WA
$ 421,572
52,883
Source : ​ ​Corelogic , Ray White
The coastal areas seeing the strongest growth are all south of Perth . Topping the list is Yallingup in the Margaret River region which now has a median of almost $ 1.48 million .
Yallingup tops the list for beachside regional Western Australia
Top price growth for beachside regional Western Australia
Region Median
% ​ change
Yallingup
South West
$ 1,480,000
46
Busselton
South West
$ 470,000
28
Wannanup
South West
$ 530,000
27
Coodanup
South West
$ 302,500
25
Castletown
South Eastern
$ 390,000
24
Mira Mar
Lower Great Southern
$ 450,000
23
San Remo
South West
$ 547,000
23
Mandurah
South West
$ 290,000
22
Lower King
Lower Great Southern
$ 440,000
21
Greenfields
South West
$ 290,000
19
Source : ​ ​Corelogic , Ray White
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