It has been a big year for the Western Australian property market, with strong buyer demand resulting in fast-selling homes and rising prices.
The latest data for November shows that sales volumes in the Perth property market are up to nine per cent compared to October and that the spring selling season saw a 17 per cent increase in weekly reported sales compared to the winter months.
An interesting point to note when looking at these 10 suburbs is they span a wide price range, with median house prices as low as $365,000 in Merriwa, to as high as $1.7 million in Claremont. This is further evidence that Perth’s strong market conditions are widespread and not just confined to one price point.
The strong demand from buyers and increase in sales resulted in 90 Perth suburbs recording median house sale price growth during the month. REIWA analysis shows that this is the second-highest monthly figure reported this year. Only February saw more, with 94 suburbs recording price growth.
Article Courtesy ofWest Australian