Albany tops regional WA results in 2014-15 financial year

Albany tops regional WA results in 2014-15 financial year
Albany tops regional WA results in 2014-15 financial year

The WA city of Albany is the top performer in regional property for the sate over the previous financial year.

Median house prices in the Albany Urban Area grew 5.3% to $389,750. 

Other performing suburbs  included Bayonet Head, up 8.8 % to a median of $397,000, Mount Melville, up 5% to $380,000, and Spencer Park, up 4.9% to $350,000. 

Yakima had the greatest number of house sales at 52, with a median price of $388,750.

Barry Panizza, REIWA’s branch chairman for Albany, said the lift in median price over the last year really only brings us back to where we were five years ago because the market has been weak for that long.

"It’s encouraging to think that we might now be returning to a better position of forward growth and it gives buyers and sellers a bit more confidence," Mr Panizza said.

The second best performing regional centre was the Busselton Urban Area, with suburb Abbey recording a median price of $625,000, up 15.7% over the year.

Goldfields/Esperance had 3.1% growth and Kalgoorlie growth was up 7.6% growth to $317,500. Piccadilly had a 20.2% lift to $375,000. 

Karratha’s median price fell 32.3% to a median of $440,000, Port Hedland down 12 % to a median of $880,000  and South Hedland median fell 4.6% to $711,000.

 

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Albany tops regional WA results in 2014-15 financial year

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.

Tags: 
Price Growth Region Property

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