A Halls Head development site has been sold to a local developer for $940,000. 

The 4,028sqm site at 24 Hungerford Avenue was marketed by RWC WA agents Stephen Harrison and Brett Wilkins on behalf of the sellers, Cape Bouvard.

Located in the thriving suburb of Halls Head, Mr Harrison said the property offered a rare opportunity to secure a strategic landholding. 

“The site’s R40 zoning allows for higher density residential development, catering to the growing demand for housing in Mandurah,” he said. 

“The site’s proximity to major retail and commercial hubs further enhances its attractiveness.

“The property's attributes, combined with the recent market trends, have created an excellent opportunity for the new owner to deliver a project that meets the growing demand for housing in Mandurah.”

Mr Wilkins said the market had seen some recent challenges, but sentiment was starting to shift. 

“The market in the area has seen properties averaging a longer period on the market prior to selling, reflecting challenges due to high construction costs,” he said. 

“However, there has been a recent shift in appetite among buyers following the stabilisation of rates and construction costs, indicating a more favourable outlook for future developments.

“This sale highlights the strong interest in well-located development sites in Halls Head. 

“The strategic location and development potential of 24 Hungerford Avenue made it a sought-after property.”

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