A brand-new 3x2 turnkey home, minutes from Mandurah’s foreshore.

Why Mandurah

Once a fishing village, Mandurah has grown into the Peel region’s coastal capital — and its property market has kept pace.

Mandurah’s median house price sits around $630,000, up roughly 14.5% over the past year to March 2026, while median rents have climbed about 5.8% to near $550 a week — both signs of a market still absorbing more buyers and tenants than it can readily house. A direct rail line puts Perth’s CBD within easy reach, and a working foreshore, marina and shopping precinct give the city a lifestyle pull well beyond its size.

Foreshore, marina and rail — all within reach

Randell Street sits in the heart of Mandurah, within an easy walk of the things tenants and short-stay guests both look for.

Aerial view — Lot 1, 57 Randell Street (pin), looking toward the Mandurah coastline

Lot & build specifications

Lot 1 is a turnkey house & land package delivered under a Lump Sum Building Contract: a 3 bedroom, 2 bathroom home with a single garage, built by WA Building Solutions Pty Ltd under a standard HIA-based contract, with a 10-year structural guarantee and 6 months’ builder maintenance included. It shares the same base turnkey design being delivered across all eight strata lots on the 57 Randell Street site (Lots 1–8), so the specification below reflects a build already proven across the group rather than a one-off design.

Floor plan

Ground floor — 37m², including garage, entry and outdoor area

Upper floor — 55m², three bedrooms and semi-ensuite

The investment case

Rental return

At an estimated $650 per week, Lot 1 is expected to return approximately 4.83% gross yield on the $700,000 turnkey price — above Mandurah’s suburb-wide median rent of around $550/week, reflecting the premium tenants typically pay for a brand-new, three-bedroom home.

NoteMandurah comparison calculated illustratively from the ~$550/week median rent against this property’s $700,000 price, for comparison purposes only — not a market-wide median yield. Rental figures are estimates, not guaranteed.

Mandurah’s rental market remains tight, with REIWA describing a suburb still absorbing more tenants and buyers than it can readily house — a backdrop that supports rental demand for well-located new stock like this one.

Capital growth

NoteSource: REIWA / Ray White Mandurah, year to March 2026. Past performance is not a guarantee of future growth.

• Median house price around $630,000 — a market still moving, not one already priced for it
• A direct Mandurah–Perth rail line and Mandurah Forum keep the location’s fundamentals intact through any market cycle
• New-build protection: a 10-year structural guarantee and 6 months’ builder maintenance limit early-ownership surprises, while the Lump Sum Building Contract locks in the build cost at $465,000

Airbnb as a second income strategy

Mandurah’s foreshore precinct is one of WA’s most active short-term rental markets. AirROI 2026 data puts the market at over 300 active listings, with the Mandurah Foreshore identified as a top-performing neighbourhood.

Even with a roughly 28% increase in listing supply, nightly rates and total revenue have both trended upward across the Mandurah market — demand has comfortably absorbed the new inventory. Peak season runs through summer and the Christmas Lights, with year-round support from boaters, fishers, retirees, business travellers and the annual Crab Festival.

Investors open to a flexible letting approach have genuine dual-income potential here: standard tenancy returning approximately $650/week as the default path, with short-stay letting worth exploring during peak periods, subject to the approvals noted below.

NoteAirbnb figures are third-party Mandurah market averages (AirROI, 2026), not a projection for this specific property. Lot 1 is a strata lot, so short-term letting is subject to the scheme’s by-laws and WA’s short-term rental registration requirements — confirm both with the strata manager and local council before purchase.

New builds and negative gearing

The Federal Government’s May 2026 Budget reforms to negative gearing and capital gains tax passed the Senate on 25 June 2026 and are now law. From 1 July 2027, negative gearing on established residential properties bought after 7:30pm AEST on 12 May 2026 will be quarantined to residential rental income only, while new builds are exempt from the change.

• Full negative gearing retained for new builds — rental losses remain deductible against salary and other income
• Established properties bought after 12 May 2026 lose this benefit — their losses can only offset residential rental income or future capital gains
• Maximum depreciation — brand-new fixtures, fittings and structure under Division 43
• CGT choice retained for new builds — elect the existing 50% discount or the new indexation-plus-minimum-tax regime at sale
• As established-home negative gearing narrows, new-build supply like this one may see growing investor demand

Let’s talk about this property

Tell us what you’re trying to achieve and we’ll give you honest, straightforward guidance on whether this fits — and how fast you’d need to move.