Top suburbs for increases and decreases in total sales value

Stock image.
Stock image.

THE overall property market may be subdued, but there are still suburbs recording an increase in the total sales value and number of sales.

The latest figures from CoreLogic highlight where the action is.

Treeby in the southern suburbs saw the greatest growth in sales value.

It recorded a 162.4 per cent increase, from $11,856,500 in the 12 months to February 2018 to $31,106,000 in the year to February 2019.

The number of sales in the area more than doubled over the reporting period, which would have supported the strong increase in total sales value.

Two country regions, Geraldton and Merredin were the next top performers, showing there is still life in regional markets.

Helena Valley in the hills was the fourth best performer with its total sales value up 80.2 per cent over the reporting period, followed by Wandi with a 78.8 per cent increase.

Cottesloe in the western suburbs recorded the highest total sales value: $287,871,331 for 161 sales.

However this was 4.2 per cent lower than the February 2018 figure of $300,588,004 which was based on 150 sales.

Scarborough recorded 458 sales for a total value of $281,739,000 and saw both its sales value and number of sales increase.

The next best performers were South Perth, Claremont and Nedlands.

Source: Corelogic.

Unfortunately, where there are winners there have to be losers.

Gidgegannup was the worst performer over the reporting period.

Its number of sales fell from 45 to 23, with the total sales value falling 53.1 per cent.

The number of sales also fell in Chidlow, Coolbinia, Vasse and Geographe, which saw corresponding falls in sales values.

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