Perth's 26 new $1 million suburbs: Did yours make the list?

Another 26 metropolitan Perth suburbs recorded house and unit sales of $1 million or more, according to new data from the Real Estate Institute of Western Australia (ERIWA).

According to REIWA, 8.2% of houses and 3.4% of apartments sales were between $1 million to $2 million, as compared to 6.7% of houses and 3.3% of apartments in 2012/2013.

REIWA president David Airey notes that their list of suburbs is based on where transactions occurred at this price point, not where the median exceeds $1 million. This means the list won't look quite as expected to those used to seeing "million dollar median" lists.

“Six suburbs are completely new to this list while others have returned from previous years after being absent in 2012-13,” Airey said.

Some of the sales included large blocks with single dwellings that would suit multi-residential developments purposes, with others being more typical.

At present, REIWA data records Perth’s median house price at $540,000, with apartments’ median sitting at $450,000.

The June quarter median recorded price per lot for land was $285,000. The regional WA median prices for houses, apartments and land lots were $380,000, $330,000 and $180,000 respectively.

The six new entrants on the million dollar list:

1. Ellenbrook
   
   
2. Huntingdale
   
   
3. North Lake
   
   
4. Piara Waters
   
   
5. Pickering Brook
   
   
6. Wandi

Source: REIWA

See over page for the entire list of million dollar transaction suburbs.

The 26 new suburbs added to the million dollar transaction suburb list:

1. Atwell
   
   
2. Bedfordale
   
   
3. Belmont (notably the only new entry with apartment sales over $1 million)
   
   
4. Currambine
   
   
5. Edgewater
   
   
6. Ellenbrook
   
   
7. Golden Bay
   
   
8. Gosnells
   
   
9. Harrisdale
   
   
10. Helena Valley
    
    
11. Huntingdale
    
    
12. Kelmscott
    
    
13. Madeley
    
    
14. Mount Nasura
    
    
15. Munster
    
    
16. North Lake
    
    
17. Piara Waters
    
    
18. Pickering Brook
    
    
19. Port Kennedy
    
    
20. Secret Harbour
    
    
21. Spearwood
    
    
22. St James
    
    
23. Wandi
    
    
24. Warnbro
    
    
25. White Gum Valley
    
    
26. Wilson

Source: REIWA

You might also want to read:

Western Australia's 10 most expensive suburbs to rent a house

The 2014 HIA home of the year in Dalkeith, Perth listed for $8 million plus