THE Real Estate Institute of WA (REIWA) has unveiled the top 10 Perth suburbs for sales activity in 2017/18, with Canning Vale taking prime position.
Baldivis, Morley, Thornlie and Dianella round out the top five in a market that is constantly showing signs of improvement.
Here’s the full list:
1. Canning Vale
Topping the list for the suburbs with the most sales in the year to May 2018 is Canning Vale. Situated 17km south of Perth CBD, Canning Vale recorded a total of 353 house sales. Canning Vale’s median house price is $561,000, which is a 0.7 per cent decline since the same time last year. Canning Vale offers pleasant residential areas with a balance of natural greenery bound by the wetlands, with all amenities close by.
Baldivis has seen rapid growth in recent years. Part of the City of Rockingham, the semi-rural suburb has become one of the most sought after property locations south of the river. In the year to May 2018, it recorded 334 house sales. Baldivis experienced a 4.8 per cent drop in its median house price during this time, taking its median house price to a more affordable $400,000. The town centre of Baldivis has accelerated into a bustling little hub, with several schools and amenities.
Next on the list is Morley, with 308 houses sold in the year to May 2018. Morley’s median house price currently sits at $480,000, which is a drop of four per cent when compared to the same time last year. Morley enjoys close connectivity to the airport and Perth CBD which is just nine kilometres away.
Thornlie presents an appealing suburban lifestyle away from the hectic nature of inner-city living. REIWA analysis reveals 272 houses were sold in Thornlie in the year to May 2018. Its median house price softened by 4.9 per cent to $385,000 since the same time last year. Thornlie is the largest suburb within the City of Gosnells and is home to a number of shopping centres and sporting facilities.
At number five on the list, Dianella recorded 261 house sales in the 12 months to May 2018. Dianella’s median house price sits at $600,000 and is the only suburb on the list to experience median house price growth, with a 0.2 per cent lift in the year to May 2018, suggesting the local market is strengthening. Dianella is known for its modest post-war dwellings and expansive, contemporary double-storey homes with amazing Perth city views.
Following closely behind Dianella is Ellenbrook, with 255 houses sold in the year to May 2018. Located 32km from Perth in the City of Swan, Ellenbrook offers a number of amenities for a relatively isolated suburb, including schools, shops and plenty of open park space. Ellenbrook’s median house price declined five per cent in the year to May 2018, taking the figure to $380,000.
There were 233 houses were sold in Gosnells in the year to May 2018. Located 20km south-east of Perth CBD, Gosnell’s median house price currently sits at $315,000 which is a decline of six per cent compared to the same time last year, making it the most affordable suburb on the list. Gosnells is well-known for its parks, reserves and wetlands, but is balanced out with its bustling urban environment, attracting a diverse range of people.
Willetton’s median house price softened marginally by 1.4 per cent to $700,000 in the year to May 2018, making it the most expensive suburb on the list. Willetton is a relaxed southern suburb of Perth and has numerous amenities. Willetton has evolved into a thriving suburb, with 229 recorded house sales in the 12 months to May.
Situated 33km north of Perth, Clarkson’s population has grown exponentially in recent years which has likely contributed to its high level of sales activity with 204 houses being sold in the year to May. Like Gosnells, Clarkson’s median house price declined six per cent to $380,500 for the year to May 2018.
Located within the City of Stirling, Nollamara’s affordability and close proximity to Perth CBD makes it a desired place to buy for first home buyers. It recorded 200 house sales in the year to May, rounding out the top 10. Nollamara’s median house price is $393,000, which is a 5.3 per cent decline since the same time last year.