Top 5 Perth Hotspots
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The Perth market is pumping in a way that hasn’t been seen since the end of the resources investment boom in 2013.
In the three years from 2018 to 2020, Perth recorded between 34 and 59 suburbs with rising sales activity in our quarterly surveys. Our three surveys in 2021 have found 118, 103 and 115 rising suburbs.
Our latest quarterly analysis has found improvement in many of the major municipalities across the Perth metropolitan area. Armadale, Bayswater, Belmont, Canning, Gosnells, Joondalup, Kwinana, Stirling and Wanneroo have all increased the number of suburbs with rising market activity, while Rockingham has maintained its position with all nine suburbs classified as rising markets.
PRICES: It’s been a long time between drinks, but prices are now moving strongly upwards in the Perth market – 97% of suburbs have recorded annual growth in their median house prices while 73% of unit markets have risen in the past year. There are only six suburbs in the Greater Perth area which have failed a record price growth in the past 12 months.
To find out the best places to buy in this strongly rising market, get yourself a copy our new Top 5 Perth Hotspots report and have a read today.