20 Perth Suburbs Grow By 10% Or More This Year
The western capital’s property market is on its way to recovery.
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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 min
Former Google CEO Eric Schmidt is selling his Northern California estate, which was listed Monday for $24.5 million.
Located in Atherton, an extremely affluent town northwest of Palo Alto and about 30 miles south of San Francisco, the 3.36-acre property is made up of three parcels that Schmidt acquired over the years, according to public records and Compass, who has the listing.
Schmidt, 69, and his wife, businesswoman Wendy Schmidt, purchased the main home in 1990 for $2 million, according to public records accessed via PropertyShark. They remodelled the 1969 home in 2007, and at that time, bought a neighbouring parcel of land, allowing an expansion of the main house and the addition of a guest house, according to Compass, who holds the listing. A third parcel was later acquired, on which the Schmidts added an English garden house and landscaped grounds overlooking the Eastern Hills.
“Finding three contiguous parcels in Atherton is rare. Even rarer are those with views of the Eastern hills,” said listing agent Katharine Carroll of the reSolve Group at Compass. “The location of this residence is ultra private, at the back of a cul-de-sac with the main house built into a hillside that provides privacy and very good security.”
Across the estate, there are five bedrooms, five full bathrooms and six half bathrooms.
The 5,265-square-foot main house also offers a number of private outdoor spaces on its upper level, including a large terrace off the primary suite, another large terrace off a secondary bedroom, plus a third smaller terrace and two balconies.
Behind the main house is a patio with a pool and spa. For even more outdoor space, there’s an entertaining pavilion, an open lawn and an outdoor fireplace area near the guest quarters.
The grounds themselves are also a standout feature, with an array of mature plants and specimen trees. The upper portion of the property’s landscaping is designed around an Amdega-designed conservatory, which was imported from the U.K. Around the greenhouse, there is a garden of raised beds and fruit trees, Carroll said.
“From the moment you step onto the grounds, it feels as if you’ve been transported to a private botanical sanctuary,” she said.
Schmidt served as Google’s CEO from 2001 to 2011, and then became the company’s executive chairman until 2015. He could not be reached for comment.
This article first appeared on Mansion Global
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