REIWA has compiled a list of Perth’s 10 fastest-selling suburbs to January 2018.
It takes an average of 67 days to sell a property in Perth, but some suburbs are bucking that trend.
Here are the areas that people can’t wait to move into – including one with a median price of just $445,500.
Heathridge kicks off the list, with it taking an average of 37 days to sell a house in the suburb. Located 23 kilometres from Perth, Heathridge offers a family-friendly lifestyle with numerous public and private schools nearby. Heathridge is the most affordable suburb on the list with a median house price of $445,500.
It takes an average of 36 days for sellers in Claremont to find a buyer for their property. Part of Perth’s exclusive Western Suburbs, Claremont is an affluent suburb with some well-placed parklands and commercial areas. The median house price in Claremont is $1.3 million dollars for the year to January 2018.
8. Mount Hawthorn
Mount Hawthorn has an average selling day figure of 34 for the year to January 2018. Close to Perth City, but removed enough to maintain its own suburbanised charm, Mount Hawthorn is a suburb lined with elegant townhouses and heritage buildings. The median house price in Mount Hawthorn has softened over the last year, declining 3.3 per cent to $851,000.
Like Mt Hawthorn, it took sellers in Subiaco 34 days to sell their house in the year to January 2018. Subiaco is an iconic Perth suburb admired for its heritage architecture, with good transport options and an array of highly regarded schools nearby. The median house price in Subiaco has held its own over the last year, increasing 0.5 per cent to $1.215 million.
Bedford takes out sixth spot, also with an average selling day figure of 34 days. Part of the City of Bayswater, Bedford is just six kilometres north of Perth and close to Morley Galleria and an array of public and private schools. A well-established suburb, Bedford has a median house price of $625,000, making it the second-most affordable suburb on the list.
In fifth spot is Nedlands, with houses in the area selling in around 32 days. Belonging to Perth’s prestigious Western Suburbs locale, Nedlands is an affluent suburb close to schools, hospitals, universities, and recreational facilities like tennis courts, sports clubs, parks and a golf club. Nedlands experienced a sharp increase to its median house price in the year to January 2018, lifting 5.8 per cent to $1.587 million.
Houses in Trigg sell in around 31 days, according to REIWA data recorded for the year to January 2018. The coastal suburb is located just 14 kilometres north west of Perth and provides a family-friendly lifestyle for residents, close to nature reserves, Karrinyup shopping centre and a good array of private and public schools. Trigg’s median house price increased 2.2 per cent in the year to January 2018, coming in at $1.15 million.
It took approximately 30 days for sellers in Leederville to find a buyer for their property in the year to January 2018. With its vibrant entertainment hub, popular nature reserves, proximity to the CBD and good secondary schools, Leederville appeals to a diverse range of people. The trendy, well-established suburb has also seen its median house price increase significantly, lifting nine per cent to $935,000 in the year to January 2018.
2. Mount Claremont
Buyers have to act fast in Mount Claremont, with houses in the area selling in around 25 days. The affluent suburb is popular with families who are drawn to the excellent secondary schools in the area and the attractive lifestyle opportunities available to residents. As well as experiencing a reduction in selling days, Mount Claremont’s median house price increased by 1.9 per cent to $1.32 million in the year to January 2018, which suggests the local market is strengthening.
1. Shenton Park
Shenton Park tops reiwa.com’s list of Perth’s fastest selling suburbs for the year to January 2018, with houses taking an average of 24 days to sell in the area – significantly faster than the Perth Metro average of 67 days. Shenton Park’s median house price softened marginally by 2.6 per cent to $1.23 million in the year to January, which has likely contributed to the suburb’s average selling days declining as potential buyers begin to find value in purchasing houses within the area due to the lower median prices.