FORRESTDALE, Harrisdale and Piara Waters are the fastest growing suburbs for new homes in WA, according to a report released last week.
The Housing Industry Association (HIA) released the latest edition of its Population and Residential Building Hotspots Report on Tuesday, which provided an overview of Australia’s fastest growing metropolitan and regional areas in 2014-15.
The three suburbs recorded population growth of 20 per cent during 2014-15 and registered $215.7 million worth of new home building approvals during that period.
Byford had the third biggest annual population growth rate going up 12.1 per cent and registered $188.1 million worth of new home building approvals.
Other hot sports in the southeastern suburbs of Perth included Rivervale, Kewdale and Cloverdale, which recorded 1.9 per cent population growth.
HIA executive director for WA John Gelavis said WA had a very credible performance with 14 hotspots throughout the state during 2014-15.
“While conditions have deteriorated, there are clearly still many places in WA where new home building is performing strongly and providing important economic support at this time when there are considerable challenges facing non-residential construction,” he said.