Perth’s most expensive suburbs

Applecross. Picture: Andrew Ritchie
Applecross. Picture: Andrew Ritchie

As usual it’s all about the lifestyle when it comes to Perth’s most expensive suburbs.

Whether you’re all about the culture, entertaining or waterfront views, there are some idyllic options in Perth for those who can match the price tag.

Here’s Reiwa’s list of Perth’s priciest suburbs, by median house price, filtered for suburbs with more than 28 sales.

The data is for the 12 months to October 2019.

10. Churchlands

Kicking off the top 10 most expensive suburbs for houses in Perth is Churchlands. The median house price in Churchlands for the 12 months to October 2019 is $1.26 million. It was still faster to sell your house in Churchlands than in Greater Perth, with it taking an average of 71 days. Listings for sale in Churchlands are low, with only 11 houses on the market, however there were 42 houses sold during the 12 months to October 2019.

9. South Perth

Envied for its beautiful riverside positioning, South Perth’s affluent lifestyle provides breathtaking views from numerous vantage points within its five square kilometre land area. At number nine, South Perth’s median house price for the 12 months to October 2019 is $1.27 million. There are 47 houses for sale in South Perth and in the 12 months to October, 67 houses sold with sellers waiting an average of 80 days to secure the sale.

The view from South Perth. Picture: Andrew Ritchie

8. Subiaco

Subiaco’s median house price for the 12 months to October 2019 is $1.31 million, making it number eight on the list. It only took sellers an average of 53 days to sell their house and during that time 83 houses sold, with 23 house listings currently for sale. The well-rounded urban locale is characterised by its culture, fruitful entertaining areas and heritage architecture making it a popular option among families and young people.

Subiaco Hotel. Photo: Andrew Ritchie.

7. Mosman Park

Boasting some of Perth’s most amazing views and exclusive homes, Mosman Park has made it as Perth’s seventh-most expensive suburb for houses in the 12 months to October 2019. Its median house price comes in at $1.39 million which isn’t surprising due to its prime land and lavish lifestyle. Flanked by numerous beautiful parks and with views of the Indian Ocean and Swan River to the west and east, the affluent suburb is something of an aspirational focal point for lovers of architecture. Sellers are waiting an average of 78 days to sell their house, and during the 12 months to October 2019 there were 87 houses sold. There are currently 54 houses still on the market.

6. Applecross

With a median house price of $1.54 million, Applecross is on par with Swanbourne for the fifth most expensive suburb for houses in the year to October 2019. Applecross is an affluent riverside suburb of Perth bound by the Canning Highway and Swan River. The higher priced houses can be attributed to the suburb’s charming allure, with stunning homes and breathtaking river-city views. Sellers are waiting an average of 84 days to find a buyer for their house and 74 houses were sold. There are 57 listings for sale in Applecross.

5. Swanbourne

Swanbourne rounds out the top five most expensive suburbs for houses in the 12 months to October 2019 with a median house price of $1.54 million. Swanbourne’s location is its biggest selling point, having Stirling Highway to the east, Fremantle railway line to the south, the Indian Ocean to the west and only 10 kilometres from Perth City. Swanbourne has a quicker than average selling time, with houses staying on the market for an average of 56 days. There are 25 houses listed for sale and during the 12 months to October, 47 houses have sold.

4. Nedlands

The average days it takes to sell a house in Nedlands is 46, which is 30 days quicker than Greater Perth, making it the most popular suburb among buyers on this list. It’s the fourth most expensive suburb for houses in Perth, with a median house price of $1,6 million. In the 12 months to October 2019, 110 houses sold in Nedlands, showing just how in demand the suburb is with buyers. There are 38 houses for sale in Nedlands.

3. City Beach

With a median house price of $1.7 million, City Beach is Perth’s third most expensive suburb for houses in the 12 months to October 2019. The suburb offers residents the best of both worlds, being an established residential, parkland and recreational suburb whilst boasting a large stretch of Western Australian beaches. Sellers in City Beach were waiting an average of 70 days to sell their house, with 89 houses sold in the 12 months to October 2019.

City Beach. Picture: Andrew Ritchie

2. Cottesloe

At number two on the list for Perth’s most expensive suburbs for houses is Cottesloe. The affluent beachside suburb is an attractive place to live. It boasts a relaxed community vibe with stunning houses that stretch across Marine Parade overlooking the ocean. The median house price in Cottesloe is $2 million and during the 12 months to October 2019 there were 88 house transactions. It takes an average of 79 days to secure a sale for your house in Cottesloe and there are 45 houses for sale in Cottesloe.

1. Dalkeith

Dalkeith is once again Perth’s most expensive suburb for houses with its median house price for the 12 months to October 2019 recorded at $2.25 million. Dalkeith continues to be one Perth’s most desirable places to live thanks to its enviable lifestyle and visual appeal. Houses don’t last long on the market, taking an average of 54 days to sell your house in Dalkeith, compared to 76 days in Greater Perth. You can find some of Perth’s finest mansions in Dalkeith, which makes it an attractive opportunity for top end investors and buyers. There were 51 houses sold in Dalkeith during the 12 months to October and 34 houses remain available on the market.