Madora Bay Median House Price Hits $1 Million: What the Latest REIWA Data Means

The Madora Bay property market has officially reached a major milestone, with the median house price hitting $1 million following annual growth of 26.6%.

According to the latest REIWA Madora Bay property data, updated on 25 August 2026, the suburb has recorded a median house sale price of $1,000,000 for the 12 months ending July 2026.

It is a significant result for one of Greater Mandurah’s most recognisable coastal suburbs. However, the headline figure does not mean every Madora Bay home is now worth $1 million.

The more important story is what the data reveals about the changing Madora Bay property market—and what it means for homeowners, buyers and investors.

Latest Madora Bay House Price Data

REIWA’s latest figures show a considerable spread across the Madora Bay housing market:

Madora Bay      Median

All houses         $1,000,000

2-bedroom         $730,000

3-bedroom         $903,000

4-bedroom         $1.01 million

Lower quartile  $880,000

Upper quartile  $1.20 million

A median price represents the midpoint of settled sales: half sold above that figure and half sold below it.

This means a $1 million Madora Bay median house price does not automatically make every property in the suburb worth $1 million.

Land size, location, age, building quality, renovations, coastal views, proximity to the beach and overall presentation can create substantial differences in value.

That is why suburb-wide data is useful for understanding the direction of the market, but it should never be treated as an individual property valuation.

Why Madora Bay Continues to Attract Buyers

Madora Bay’s appeal has always been strongly connected to its coastal lifestyle.

The suburb offers access to Madora Bay Beach, parks, walking tracks and recreational spaces while remaining connected to Mandurah and the wider Peel region. Its mix of established homes, newer developments and family-friendly streets attracts a broad range of homeowners and lifestyle buyers.

Buyers are not simply comparing bedroom and bathroom numbers. They are also considering:

• Proximity to the beach
• Outdoor and recreational spaces
• Neighbourhood appeal
• Land and internal living space
• Access to schools, shops and local amenities
• The lifestyle the property makes possible

These factors can carry considerable weight in a coastal property market, where buyers may be purchasing as much for the lifestyle as the home itself.

Madora Bay Rental Market Continues to Grow

The Madora Bay rental market is also recording growth.

REIWA currently reports:

• A median house rent of $680 per week
• Annual rental price growth of 4.6%
• A median leasing time of 18 days

A simple comparison between the $1 million median house price and the $680 weekly median rent indicates a broad gross yield of approximately 3.5% before property expenses.

However, this is not a property-specific rental yield. The median-priced sale and median-priced rental may represent different types of homes.

Investors therefore need to look beyond the headline rent and consider:

• What type of tenant the property is likely to attract
• How its rental return compares with its purchase price
• Property management, maintenance and holding costs
• Vacancy risk and likely leasing time
• The property’s condition and future expenditure
• Whether its long-term growth potential suits their investment strategy

A growing rental market does not automatically make every Madora Bay property a strong investment. The complete financial picture still needs to stack up.

What Madora Bay Sellers Should Take From the Data

Despite the strong annual price growth, houses in Madora Bay are currently taking a median 26 days to sell.

That is an important part of the story.

Strong market growth does not guarantee that every property will sell immediately or achieve a premium result. Individual homes still need to be:

• Accurately priced
• Well presented
• Professionally marketed
• Positioned against competing properties
• Matched with the right buyer audience

Markets change, stock levels fluctuate and buyer behaviour shifts. Interest rates, affordability and the number of comparable homes available can all influence an individual sale.

The right question is not:

“Madora Bay’s median is $1 million, so is my house worth $1 million?”

It is:

“What is happening with properties like mine in Madora Bay right now?”

Why Madora Bay Property Averages Only Tell Part of the Story

Madora Bay is a good example of why there is no single Greater Mandurah property market.

A coastal home in Madora Bay may attract different buyers from a family home in Meadow Springs, a waterfront property in Halls Head or an investment property elsewhere in the Peel region.

Even within Madora Bay, property values can vary considerably according to the street, block size, views, construction quality, age and distance from the coast.

For homeowners considering selling, the most useful information is therefore more specific:

• What comparable Madora Bay properties have recently sold for
• Which homes are currently competing with yours
• How long similar properties took to sell
• Which features attracted the strongest buyer interest
• Where buyers pushed back on price
• What pricing strategy is most likely to generate competition

These are the details that turn general market statistics into useful property advice.

What the $1 Million Milestone Means

For Madora Bay homeowners and sellers

The milestone confirms significant movement in the local market, but an individual appraisal is still needed to understand where a property sits within the current price range.

For buyers

Strong price growth makes careful comparison more important. Two homes with the same number of bedrooms may represent very different value depending on their location, condition, land size and future improvement costs.

For property investors

Purchase price, achievable rent, ongoing expenses, tenant demand and long-term objectives should be considered together. Headline capital growth alone is not an investment strategy.

Frequently Asked Questions About the Madora Bay Property Market

What is the median house price in Madora Bay?

REIWA reports a median house sale price of $1 million, based on data updated on 25 August 2026 for the 12 months ending July 2026.

How much does it cost to rent a house in Madora Bay?

The median house rent is currently $680 per week, with annual rental price growth of 4.6%.

How long does it take to sell a house in Madora Bay?

Houses are currently taking a median of 26 days to sell, according to REIWA’s settled sales data.

Does the $1 million median mean my Madora Bay property is worth $1 million?

No. The median is a suburb-wide midpoint, not an individual valuation. Your property’s value will depend on its location, land size, condition, features, presentation and comparable recent sales.

The Bottom Line

Madora Bay reaching a $1 million median house price is a milestone worth acknowledging.

More importantly, it demonstrates how dramatically the Greater Mandurah property market has evolved. Madora Bay has transitioned from a developing coastal suburb into a seven-figure market, while rental values and lifestyle demand continue to influence buyer and investor interest.

The median tells you where the broader market sits. Local knowledge and comparable sales help establish where your property sits within it.

Thinking about selling, buying or investing in Madora Bay? Speak with Kevin Green Real Estate for informed local advice or request a Madora Bay property appraisal before making your next move.

Your future is green.