Applecross and Como (two of the suburbs we look after) are featured in Perth’s eight highest growth suburbs list for the year from May 2015 to May 2016! The list features the eight suburbs that recorded the highest positive annual house price growth during the 12-month period.
Perth’s Top 8 (in order based on average annual growth to May 2016)
| SUBURB |
MEDIAN HOUSE PRICE |
AVG ANNUAL CHANGE |
| 1. Lathlain |
$860,000 |
+ 11% |
| 2. Swanbourne |
$1,650,000 |
+ 9.3% |
| 3. South Fremantle |
$1,040,000 |
+ 7.2% |
| 4. Applecross |
$1,492,500 |
+ 6.4% |
| 5. Churchlands |
$1,380,000 |
+ 6.2% |
| 6. Burns Beach |
$915,000 |
+ 3.6% |
| 7. Landsdale |
$600,000 |
+ 3.4% |
| 8. Como |
$910,000 |
+ 3.4% |
While the Perth property market has clearly had its challenges over the past couple of years, it’s good to see there are a number of suburbs across the Perth metropolitan area that are bucking the trend and experiencing solid growth.
In some cases the growth over the past 12 months has been significant. Real Estate Institute of WA (REIWA) President Hayden Groves said, “Pleasingly these high growth suburbs are all within the trade-up sector, rather than first home buyer territory. This shows that more home owners are recognising there is plenty of opportunity in the current real estate market to take their next step.”
If you own a property in Applecross or Como and would be interested to have your home appraised in light of your suburb’s recent growth (even if you have no intention of moving), give us a call on (08) 6267 5151 and we will be more than happy to come out and do that for you.