BUYERS are snapping up houses in Kingsley and Heathridge, with the areas named among Perth’s top 10 fastest selling suburbs by Reiwa.
Kingsley, with a median house price of $540,000, ranked third on the institute’s list with homes selling in an average of 42 days, more than 30 days faster than the Greater Perth average.
Ray White North Quays sales executive James Kennedy said it had always been a blue chip suburb, with a great family environment, including five primary schools, making it a great place to live.
Young families with one or two children made up a large percentage of buyers and there were also downsizers and mature couples wanting to stay in the area.
“Typically the good four-bedroom, two-bathroom family homes ranging from $550,000-$700,000 are in demand,” Mr Kennedy said.
“Buyers are happy to renovate or move straight into a renovated home.”
Highlighting the demand in the area, Mr Kennedy sold a home in Elbury Court under the hammer at auction at the end of last month.
It received five offers before the auction, with four bidders on the day.
Slightly further north, Heathridge placed eighth on the list with properties spending an average of 46 days on the market.
Harcourt Alliance area manager Suzi Baker said part of the suburb’s appeal lay in its proximity to Joondalup and the hospital, police academy, university and Tafe.
“People feel that they can live next to, or close to, Joondalup City, with blocks still ranging from 600sq m up to 1000sq m but within walking distance of the city centre,” she said.
“Heathridge appeals to a wide demographic of buyers; the suburb is very fast up-and-coming, recognised value for money, with the choice of many parks, public transport, three primary schools and a stone’s throw away from the ocean at a fraction of the price.”
With a median house price of $430,000, it was the most affordable suburb on the list and Mrs Baker said the biggest demand was for fully renovated or well-|presented homes.
“These price brackets range from $400,000 to mid-$500,000s, depending on location, block size and most importantly overall presentation, and are the properties that are achieving fantastic results for our owners” she said.
“Every day we have buyers saying the market is slow and we say to these buyers ‘you must be talking about a different suburb’. It is not unusual to see 30 to 40 buyers on any weekend.”
Mrs Baker said Heathridge also offered “renovator’s delights” priced around $300,000, which appealed to savvy tradespeople, while downsizers were looking for new homes on easy-care blocks.