Wannanup attracts high-end buyers and strong rental interest. Despite a dip in sales volumes, it remains one of Mandurah’s most sought-after coastal areas.
HOUSE PRICES RISING
The median house price rose 18.7% to $819,000, up from $425,000 in 2020. Unit prices surged to $867,500, and land values jumped to a median of $525,000.
SALES
There were 178 sales in the year to May 2025, down 30%, likely due to limited stock. Over half of houses sold above $800,000, with few under $350,000.
LISTINGS
Only 31 properties were listed at May’s end, a slight 3% decrease. Homes sold quickly, with a median of 21 days, and four-bedroom homes averaging 16 days.
LAND
Land prices increased significantly from $300,000 to $525,000 in the past year, reflecting strong demand.
RENTALS
Median house rent is $690 per week, up 6.2%. Leasing activity increased 12% with 77 leases settled. Only four rental listings were available, driving rents up. The median lease time is 21 days, with larger and premium homes often leasing faster.
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