Suburbs in Perth are experiencing massive gains in dwelling values, with 20 recording a median price growth of 10% or more so far in the year.
Damian Collins, president of REIWA, said these suburbs are close to meeting the 15% average price growth predicted across Perth by the end of 2021.
“The recovery of the market is widespread across Greater Perth. Six to eight months ago it was mainly the higher end of the market showing strong growth, but now we are seeing movement across the board,” he said.
Collins said this growth has been widespread across Greater Perth, with Bicton striking the strongest price growth at 20% over the first four months of the year.
"Six to eight months ago it was mainly the higher end of the market showing strong growth, but now we are seeing movement across the board,” he said.
The table from REIWA below shows the 20 suburbs in Perth which experienced an above 10% growth in the first four months of the year:
Collections: Mortgage News
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