House price growth heats up in 233 Perth suburbs during winter

Median house sale price growth occurred in 233 suburbs during Perth’s very wet winter this year.

REIWA President Damian Collins said winter in Perth was traditionally a quieter time for the local property market, so it was pleasing to see the median house sale price in so many suburbs had continued to increase.

“After a wet winter, it’s impressive that so many Perth suburbs recorded median house sale price growth between June and August,” Mr Collins said.

When comparing winter 2021 to winter 2020, reiwa.com data shows there were 104 more suburbs to record price growth this year versus last.

“The Perth property market has changed quite dramatically since winter 2020, which is reflected in the number of suburbs that saw price growth this year. The Perth property market is firmly in a recovery phase and many suburbs are feeling the benefits of this current growth cycle,” Mr Collins said.

Brookdale tops the list

reiwa.com data shows Brookdale was the top performing suburb during winter, with its median house sale price increasing 16 per cent to $310,000 between the 31 May and 31 August 2021, followed by Churchlands and Shenton Park, which both recorded 12 per cent price growth.

“A mixed bag of suburbs comprised the top 10 list, with median prices ranging from as low as $290,500 in Orelia, to as high as $1.725 million in Swanbourne which is just further evidence that the Perth market recovery is widespread and occurring across all sectors of the residential sales market,” Mr Collins said.

“It will be interesting to observe how price growth across the Perth region fares over the coming months now that the spring selling season has kicked off. Given the current low supply and strong buyer demand, it looks like we will continue to see price growth”