Why would you rent a place in the Northern suburbs and then drive 70Kms to work in Kwinana ?Why would you rent a home 70kms away from the CBD?
Most of the industrial area is now concentrated in the Coogee - Rockingham - Maddington triangle and driving distance from Joondalup or Mandurah to work would be about the same. By renting in Rockingham - Mandurah area you can avoid the city traffic and save an hour stuck in traffic and $100+ a week in rent.
Last quarter has seen an 8.5% hit to median price and rental yields average about 3.5% which is not great when the median is a bit under 375k I think.
Nice area to live in, just dont know if its a great area to invest in at the moment.
The 8.5 % hit is exactly the reason its a good place to invest. The Northern suburbs have already been pushed up by FHBs to the point where you could almost buy 2 houses in Mandurah for the price of one in Currambine or Kinross.
Your median for Mandurah is skewed by the $1M+ canal properties. You can still buy some nice older brick houses on large blocks in walking distance to shops, train station, industrial area or the foreshore for around $250K or at least $100K less then a similar place in Queens Rocks or Mindarie.
And did I mention the new industrial complex in Pinjarra is ready to take off as soon as the Freeway extension is completed next month ?