Perth houses, units post median September declines: REIWA

Perth houses, units post median September declines: REIWA
Perth houses, units post median September declines: REIWA

Houses and units across Perth both posted declines in median prices during the September 2015 quarter, according to REIWA president Hayden Groves.

The median house price is down 4.2% from the June quarter to $522,133 with units at $420,125.

Median rental figure fell $20 to now rest at $400 per week, sitting to $420 for houses and $395 for units.

REIWA president HaydenGroves said rhe best performing suburb was St James in Perth’s central sub-region, which topped the list with a 5.1% increase to its quarterly annual median, followed by Mount Claremont with 4.5%.

“Baldivis continued to dominate for houses this quarter with 469 house sales, followed by Ellenbrook with 420 sales and then Canning Vale in third place with 413 sales. Renowned for their appeal to first home buyers, these suburbs continue to dominate in a market skewed by weaker trade-up activity and prominent first time buyers," he said.

“For units, East Perth came in at number one with 288 sales for the three months to September, with Scarborough coming in second with 238 and Perth third with 224 sales, showing that the inner urban apartment market continues to entice buyers.

“We estimate that total dwelling sales for the quarter will come in at around 8,600 sales across WA, below the average and fewer than the June quarter, although the winter months normally return a subdued sales volume measure."

Metropolitan sub-regional markets, the top performers:

  • North West: Madeley up 3.7%
  • North East: Wattle Grove up 2.2%
  • South West: Rockingham up 3.3%
  • South East: Bedfordale up 1.2%

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Median Value Residential Market

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