Overall Perth property sales fall in June, rise in 31 suburbs

Stock image.
Stock image.

WHILE Perth house sales declined last month, 31 suburbs bucked the trend to record more sales in June than they did in May according to reiwa.com data.

Eight suburbs also saw sales volumes stabilise over the month.

The top performers were Duncraig, Mosman Park, Waikiki, Dayton and Palmyra, recording significant improvement in the number of houses sold between May and June.

Duncraig recorded the highest percentage growth, with sales increasing 118.2 per cent, followed by Mosman Park at 114.3 per cent.

Butler, Kelmscott, Tapping, Baldivis and Joondalup rounded out REIWA’s list of top 10 suburbs in terms of sales volume.

In the list of 31 suburbs to show improvement, the increase in the number of sales varied from 17 for Baldivis to one for 11 suburbs.

Reiwa.com data showed eight of the top 10 suburbs had median house prices below $550,000, which traditionally indicates areas with a lot of first-home buyer activity.

Mosman Park was the only million dollar suburb to make the top 10, with sales volumes in the suburb lifting back to normal levels after declining in May.

REIWA president Hayden Groves said Perth continued to represent good opportunities for buyers, especially in the more affordable end of the market.

“The latest reiwa.com data suggests suburbs in the $550,000 and below price bracket are seeing healthy activity levels, with first-home buyers taking advantage of the conditions to secure their first property before prices inevitably rise again,” he said.

“In terms of the overall market, REIWA expects house sales activity to remain moderate in Perth throughout winter, with improvements expected during spring.”