<b>The Medical Market</b><br><br>The Health Care and Social Assistance industry is the largest employer in the city, accounting for 21.7% of total employment in 2022/23, which is notably higher than the state average of 13.4%. This sector encompasses a range of services, including hospitals, general practice clinics, specialist medical services, aged care facilities, and various social assistance services. The prominence of this industry is further highlighted by its contribution to the city's economy, generating $529 million in value added in 2022/23, representing 15.7% of Mandurah's total value added.<br><br>Regarding development density within the medical market, Mandurah exhibits a higher concentration of health-related services compared to the broader Western Australian context. The location quotient for the Health Care and Social Assistance sector in Mandurah is 1.6, indicating a 60% higher concentration of employment in this industry than the state average. This suggests that Mandurah has developed a robust medical infrastructure to meet the healthcare needs of its population, which was estimated at over 99,000 people as of June 30, 2023.<br><br>In summary, Mandurah's medical market is well-established, with a diverse range of healthcare services and a development density that surpasses state averages, reflecting the city's commitment to providing comprehensive healthcare to its residents.<br><br><b>Lifestyle &amp; Population</b><br><br>Mandurah, Western Australia's largest regional city, offers a unique lifestyle that blends coastal charm with modern amenities. Situated less than an hour from Perth by car or train, it has become an attractive location for people to live, work, learn, and invest in.<br><br>The city is renowned for its pristine beaches, extensive waterways, and vibrant wildlife, including Western Australia's largest population of bottlenose dolphins. Residents and visitors enjoy a variety of recreational activities such as boating, fishing, and dolphin watching. Mandurah also hosts annual events like the Mandurah Crab Fest, celebrating the region's seafood and community spirit. <br><br>Over the past few decades, Mandurah has experienced significant population growth. From around 30,000 residents three decades ago, the population has surged to over 99,000 as of June 30, 2023, marking a 3.82% increase from the previous year. This growth rate surpasses that of Greater Perth, which was 3.65% during the same period. <br><br>Looking ahead, projections indicate that Mandurah's population will continue to grow. Between 2021 and 2046, the city is expected to see an increase of 23,338 residents, representing a 24.98% growth at an average annual change of 0.90%.<br><br>This sustained growth reflects Mandurah's appeal as a desirable place to live, offering a relaxed coastal lifestyle with the conveniences of a modern city.<br>

<b>Western Radiology</b><br><br>Western Radiology group is independently owned and operated by a team of radiologists and technical staff who are highly qualified, with many years of experience. Founded in 2011, now with locations north and south of Perth, Western Australia, we provide premium and personalised radiology services at as low cost as possible.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://wradi.com.au/"><u>https://wradi.com.au/</u></a><br><br>

Under the leases all outgoings are 100% recoverable, including management fees and land tax.

Rental Comparable: 1/73-77 Reserve Dr, Mandurah – 495m2 - $247/m2 2/73-77 Reserve Dr, Mandurah – 174m2 - $253/m2 3/73-77 Reserve Dr, Mandurah – 110m2 - $200/m2 110 Pinjarra Road, Mandurah – 391m2 - $307/m2 7/7 Formby Road, Meadow Springs – 110m2 - $350/m2 2/34-36 Minilya Parkway, Greenfields – 268m2 - $662/m2 4/34-36 Minilya Parkway, Greenfields – 140m2 - $537/m2 Sales Comparable: 73-77 Reserve Dr, Mandurah – 783m2 - $3831/m2 80 Anstruther Road, Mandurah – 250m2 - $4,158/m2 273 Pinjarra Road, Mandurah – 455m2 - $7,022/m2

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