Perth Sales Prices
Perth sales prices
Perth’s median house sale price increased 1.7 per cent in September and 21.5 per cent over the year to reach $700,000.
The median unit sale price also rose, up 2.2 per cent over the month to $465,000 which was 16.3 per cent higher year-on-year.
According to REIWA more increases were expected over the remainder of 2024.
“There is still strong demand for established homes, fuelled by population growth and the ongoing constraints in the building industry,” she said.
“It will take a significant change in demand or supply to ease the upward pressure on prices in the established homes market.
“We are watching a number of indicators and will report on any clear shifts in conditions.”
The suburbs that saw the most median house price growth in September were Coodanup (up 3.5 per cent to $538,000), Bassendean (up 3.2 per cent to $765,000), Duncraig (up 2.9 per cent to $1,140,000), Dudley Park (up 2.9 per cent to $615,000) and Kelmscott (up 2.8 per cent to $550,000).
Mount Pleasant, Forrestfield, High Wycombe, Applecross and Maylands were also among the top performers, recording growth of 1.9 per cent or more over the month.