New homebuyers flock to suburb

It recorded 235 first-home owner grants paid to people buying in the suburb in 2012-13, with the average price for established homes there at $425,000, and for house-and-land packages, $367,000.

Butler ranked fourth with 260 grants approved, Alkimos 18th with 163 and Landsdale 20th with 150.

In August, Urban Development Institute of Australia (WA) chief executive Debra Goostrey said across Perth there had been more than 5000 more FHOG applications over the 12 months to July compared to a year earlier and nearly twice as many applications as two years ago.

‘Although established property market listings have increased in recent months, there are still relatively few dwellings priced in the first-home buyer and investor range,’ Ms Goostrey said.

‘The lack of established properties for sale has driven a stronger increase in first-home buyers looking at new dwellings.’

She said the number of grant applications for new homes was 6839 over the 12 months to July.