Thinking about buying in Mandalay? Now could not be a better time, with just 262 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $876,000 with prices in this suburb ranging from $145,000 to $4,968,000. Mandalay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $340.00 |
Median Monthly Mortgage | $1724.00 |
Median Persons Per Bedroom | 0.90 |
Average Household Size | 2.00 |
Average Age | 37.00 |
Average Income | $801.00 |
Average Cars Per Dwelling | 1.51 |
Average Properties Within 50M | 7 |
1 Bed  $930,000 |
2 Bed  $633,000 |
3 Bed  $733,000 |
4 Bed  $1,054,000 |
5 Bed  $2,349,000 |
6 Bed+$992,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Mandalay is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Mandalay changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Mandalay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
9 armitage av, mandalay, qld, 4802 | 0 | 0 | 0 | Contact Agent |
None within suburb boundary
(While the above schools are located with the suburb of Mandalay there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Oct | 0.9 | 21.8 | 27.1 | 59.0 | 83.1 | 7.2 | 24.9 |
Nov | 1.7 | 23.5 | 29.0 | 57.8 | 81.8 | 6.8 | 26.8 |
Dec | 8.4 | 24.5 | 29.9 | 63.0 | 85.8 | 7.0 | 25.2 |
Jan | 8.0 | 24.9 | 30.0 | 66.8 | 88.0 | 7.6 | 23.2 |
Feb | 8.3 | 25.0 | 29.9 | 67.2 | 88.8 | 7.8 | 22.4 |
Mar | 12.0 | 24.4 | 28.8 | 67.9 | 89.3 | 8.5 | 18.9 |
Apr | 5.3 | 23.0 | 27.1 | 67.4 | 88.4 | 8.6 | 17.9 |
May | 3.2 | 20.5 | 24.2 | 66.0 | 89.3 | 8.4 | 15.3 |
Jun | 2.8 | 18.9 | 22.5 | 65.9 | 90.4 | 7.6 | 13.6 |
Jul | 1.4 | 18.2 | 21.6 | 66.6 | 90.2 | 7.3 | 15.6 |
Aug | 1.2 | 18.4 | 22.7 | 60.4 | 86.9 | 6.7 | 17.9 |
Sept | 0.8 | 20.1 | 25.2 | 59.8 | 85.3 | 6.3 | 22.3 |
source: Australian Government Bureau of Meteorology
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