20 Perth Suburbs Grow By 10% Or More This Year
The western capital’s property market is on its way to recovery.
2 min
As an indication of just how hot the property market is right now across Australia’s capitals; 20 Perth suburbs have recorded a median house sale price growth of 10% or more in 2021.
According to Real Estate Institute of Western Australia (REIWA) President Damian Collins, those figures have met or surpassed forecasting for 15% price growth in Perth by the end of the 2021 calendar year.
“A total of 20 suburbs have seen their median house sale price increase by 10 per cent or more since the start of the year.
“Bicton has experienced the strongest price growth in the first four months of the year, with its median house price increasing 20 per cent to $1.14 million between 31 December 2020 and 30 April 2021. This was followed by North Beach (up 17 per cent to $1.05 million), Sorrento (up 16 per cent to $1.118 million), and Applecross (up 15 per cent to $1.79 million),” Mr Collins said.
The data, courtesy of reiwa.com, reveals that growth suburbs come from both sides of the curve with nine suburbs beneath Perth median house sale price of $508,000 and 11 above – eight of those in the $1 million-plus price range.
“The recovery of the market is widespread across Greater Perth. Six to eight months ago it was mainly the higher end of the market showing strong growth, but now we are seeing movement across the board,” Mr Collins said.
See the full list of suburbs below:
| SUBURB | MEDIAN HOUSE SALE PRICE DEC 2020 | MEDIAN HOUSE SALE PRICE APR 2021 | PERCENTAGE CHANGE |
|---|---|---|---|
| 1. Bicton | $950,000 | $1.14 million | 20% |
| 2. North Beach | $900,000 | $1.05 million | 17% |
| 3. Sorrento | $960,000 | $1.118 million | 16% |
| 4. Applecross | $1.56 million | $1.79 million | 15% |
| 5. Claremont | $1.503 million | $1.7 million | 13% |
| 6. Medina | $230,000 | $260,000 | 13% |
| 7. Maddington | $283,500 | $320,000 | 13% |
| 8. Palmyra | $635,000 | $715,000 | 13% |
| 9. Coodanup | $292,550 | $329,000 | 12% |
| 10. Attadale | $1.165 million | $1.3 million | 12% |
| 11. Parmelia | $247,000 | $275,000 | 11% |
| 12. City Beach | $1.8 million | $2 million | 11% |
| 13. Wembley Downs | $975,000 | $1.08 million | 11% |
| 14. Como | $850,000 | $940,000 | 11% |
| 15. Darlington | $620,000 | $685,000 | 10% |
| 16. Orelia | $240,000 | $265,000 | 10% |
| 17. Redcliffe | $399,000 | $440,000 | 10% |
| 18. Bertram | $335,000 | $369,000 | 10% |
| 19. Brookdale | $252,000 | $277,500 | 10% |
| 20. Girrawheen | $300,000 | $330,000 | 10% |
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2 House of Joy
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3. Abigail Ahern Masterclass
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5. Home by the Sea
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6. The Layered Interior
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