Mandurah has been likened to the future Florida by a local Real Estate agent, for its affordability and retiree lifestyle.
Raine & Horne Mandurah director Peter Vetten said the southwestern regional city’s affordability would continue to drive real estate values long-term.
“There is a lot of new three-bedroom, two-bathroom homes in Mandurah that are popular with downsizing retirees,” he said.
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“Moreover, these properties are priced in the low $300,000s, which is an attractive price point for retirees downsizing from Perth.
“For people to retire in Mandurah, you’re just one hour away from your family in Perth.
“Take the train, and this removes the aggravation of driving, which is another popular benefit for those retirees who shift to Mandurah.
“Mandurah is without a doubt the future Florida of Western Australia, and it’s the combination of excellent retail, lifestyle and improving healthcare facilities that will continue to drive demand and property values in suburbs such as Meadow Springs.”
Raine & Horne Mandurah sales representative Rodney Cunningham said suburbs such as Meadows Springs have benefited from Mandurah’s increasing status as a Perth commuter belt.
“In 1993 we didn’t have the Kwinana Freeway direct to Perth or the Mandurah rail line,” he said.
“There were many more roads and suburbs to negotiate when getting to Perth, and now the train or freeway can get Mandurah residents to jobs and other facilities in Perth in about 45 minutes.”
Mr Cunningham said developer Mirvac built several developments, which included excellent parks, and other family facilities aimed at residents with young families and retirees.
“While Meadow Springs has enjoyed excellent growth over the last 25 years, it is still affordable, and this factor continues to appeal to young families and Perth downsizers,” he said.