SUBIACO was the one of the top selling suburbs over the festive season, with nine sales in the four weeks to January 7, according to the latest REIWA data.
Growth Realty principal Enzo Pagnozzi said as always, traditional character homes in the high $700,000 to the high $1 million range were selling well, along with the more modern homes in Subi Centro.
Buyers looking for a home, rather than investors, were more active in the market.
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READ NOW“They are either first-home buyers – being young professional couples, or those upgrading – selling and moving to the western suburbs,” Mr Pagnozzi said.
“There is also more interest from interstate now.”
While not in Subiaco itself, Mr Pagnozzi said a recent Daglish sale highlighted local market activity.
“A mid-1950s brick-and-tile home on a 655sq m block close to the train station attracted strong interest from five buyers,” he said.
“The home at 77 Stubbs Terrace sold for $990,000 to a couple who were renting in Subiaco and buying their first home.”
Perth was the other top performing suburb, also with nine sales.
Results for the month were very close, with Claremont, Floreat and West Perth all recording eight sales.