Subiaco tops sales in western suburbs for June

There is good demand for houses in Subiaco, this renovated, modern home in Subi Centro sold at the first home open.
There is good demand for houses in Subiaco, this renovated, modern home in Subi Centro sold at the first home open.

SUBIACO was the top performing suburb for the four weeks to June 18 according to the latest data from REIWA.

There were 14 sales during that period.

Growth Realty principal Enzo Pagnozzi said the market was stable for people selling houses.

Enzo Pagnozzi

We have experienced very good buyer activity for homes in the Subiaco precinct, much more so than the apartment market,” he said.

“Recent sales include houses on Francis Street, Bagot Road, Townshend Road and Coral Tree Avenue, with ‘old’ and ‘new’ Subi being equally popular.”

Highlighting the popularity of houses, Mr Pagnozzi said the home in Coral Tree Avenue sold at the first home open, Bagot Road sold at auction and Townshend Road was an off market sale.

This character home in Bagot Road sold at auction.

He said the price bracket from $1 million to $1.7 million was selling well to families and young professional couples.

The situation was different in the apartment market.

“The issue with apartments is the vast choice on offer for buyers, both established and brand new,” Mr Pagnozzi said.

“Therefore, with lots to choose from, the decision for buyers can be daunting and confusing, with the final decision making process taking longer.”

He said singles and downsizers made up a large percentage of apartment buyers.

.