Mindarie Short-Term Rental (Airbnb) Market
Mindarie WA Investment Analysis
BUY
— $1,200,000 median with 13.0%/yr growth over 5 years.
THE MARKET
Mindarie has compounded at 13.0%/yr over 5 years — a house that cost $651,312 in 2021 is worth $1,200,000 today. Properties are sitting on market for 15 days (sellers have the leverage). At the same growth rate, today's median reaches $2,210,922 by 2031.
- **Median house:** $1,200,000 | **Units:** $254,573 - **Gross yield:** 4.1% | **Net yield:** 2.6% - **5yr price CAGR:** 13.0%/yr | **3yr forecast:** 14.6%/yr - **Population:** 43,633 | **Owner-occupier rate:** 37% | **Affluence:** Above Average
- **Supply pipeline:** Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- **Vacancy:** 1.6% (improving) | **Rental demand:** High - **Median weekly rent:** $950/wk | **Days on market:** 15 (improving) - Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- **Median nightly rate:** $165/night | **Occupancy:** 66% - **Estimated annual STR gross:** ~$39,748/yr - **vs long-term rent:** $49,400/yr (comparable — LTR offers simpler management)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Standard suburban transport access
BULL CASE
If Mindarie maintains 3%+ annual growth and vacancy stays below 1.1%, median prices could reach $1,380,000 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Mindarie pull back 10-15% from $1,200,000, with vacancy rising to 2.9% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- **Albany** (WA): $855,000 median, 3.6% yield, 17.1% 1yr growth - **Alfred Cove** (WA): $1,500,000 median, 2.8% yield, 20.0% 1yr growth - **Aubin Grove** (WA): $935,000 median, 4.1% yield, 20.0% 1yr growth
THE PLAY
Mindarie presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 4.1% and prioritise properties with value-add potential. Consider timing entry around the current growth phase of the market cycle.
- Entry range: $1,080,000 – $1,320,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.