10 Perth Suburbs Saw House Prices Soar By 26%
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10 Perth Suburbs Saw House Prices Soar By 26%

Five of those suburbs broke the million-dollar mark this financial year.

By Kanebridge News
Tue, Jul 12, 2022Grey Clock < 1 min

New data from the Real Estate Institute of Western Australia (REIWA) shows the five suburbs of Marmion, Gwelup, Mount Hawthorn, Fremantle and North Perth all had median house sale prices under $1 million at the end of June 2021, and have now, 12 months on, broken the seven-figure mark.

It comes as 10 Perth suburbs saw a median house price rise at least 26% in the 12 months to June.

Marmion recorded the largest house price growth in the 21-22 financial year — the median sale price rising 39.6% from $966,250 to 1.35 million.

It was closely followed by Gwelup with a median house sale price of $882,500 and finished the financial year at $1.112 million.

Mount Hawthorn followed with 32.8% growth and a median house sale price that ascended from $952,500 to $1.265 million.

REIWA Presidente Damian Collins pointed to the strength of Perth’s property market — reflected in the high growth rates of the top 10 suburbs. Each suburb on this list experienced median house sale price growth of more than 26 per cent in just 12 months, which is significant and suggests competition amongst buyers is high,” Mr Collins said.

Of the 10 suburbs on the list, nine had median house sale prices above $1 million.

“While price growth has been widespread across all price points over the last 12 months, it is Perth’s luxury market that has dominated this list.”

While property markets across Australia have started to decline, the market in WA and Perth has resisted downward pricing pressure.

“REIWA anticipates Western Australia’s strong residential property market conditions will continue for some time, driven by the state’s healthy economy, ongoing population growth and housing shortage,” Mr Collins said.

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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction; prd.com.au