Market update

Perth Property Market Report – Median House Prices

REIWA Quarterly Market Update
Year to March 2018

Suburb House Sales Median Sales Price Quarterly Change in Annual Median % Annual Change in Annual Median % Annual Ave over 5 Years   % Annual Ave over 10 Years  %
Alexander Heights 82 $428,750 3.3% -8.0% -0.1% 0.7%
Alfred Cove 44 $772,500 1.0% 5.1% 1.9% 1.4%
Alkimos 97 $399,000 -1.7% -2.3% -5.0% n.a.
Applecross 79 $1,675,000 4.7% 32.4% 4.4% 1.2%
Ardross 87 $1,050,000 0.0% 9.4% 2.2% 2.4%
Armadale 146 $250,000 -2.0% -12.9% -2.2% -1.8%
Ascot 23 $660,000 0.0% -15.7% -4.2% -1.1%
Ashby 33 $460,500 0.1% -2.0% -0.8% 0.2%
Ashfield 12 $455,000 -4.2% -7.6% -0.6% 0.9%
Attadale 74 $1,150,000 0.4% 4.5% 1.8% -0.3%
Atwell 116 $520,000 -0.1% -1.9% 0.2% 1.0%
Aubin Grove 73 $553,000 0.5% -1.3% 0.9% 1.0%
Aveley 128 $452,500 -1.9% -4.7% -1.6% -1.1%
Balcatta 137 $488,000 -2.4% -6.2% -1.3% 0.3%
Baldivis 329 $400,000 -1.1% -5.3% -1.7% -0.9%
Balga 170 $330,000 -2.2% -9.6% -1.7% -1.4%
Ballajura 165 $421,500 -0.8% -2.0% -0.2% 0.5%
Banksia Grove 114 $390,000 -1.0% 0.0% 0.0% 0.3%
Bassendean 144 $497,500 -1.5% -4.3% 0.3% 1.0%
Bateman 40 $721,250 0.4% -1.2% 2.3% 1.8%
Bayswater 193 $565,000 -0.9% -5.8% 0.3% 1.1%
Beaconsfield 80 $680,000 0.2% -4.9% -0.9% -0.3%
Beckenham 87 $420,000 4.9% -1.6% 0.0% 1.3%
Bedford 75 $603,000 -4.3% -6.7% -1.0% 0.3%
Bedfordale 20 $693,000 0.0% -3.1% 2.0% -0.2%
Beechboro 98 $371,250 -1.0% -4.8% -1.2% -0.1%
Beeliar 101 $510,000 1.0% -3.6% 0.2% 0.8%
Beldon 65 $460,000 0.0% -4.6% 0.4% 1.3%
Bellevue 16 $354,250 -8.6% -8.0% 1.1% 0.7%
Belmont 80 $462,500 1.1% -0.5% -1.1% 0.6%
Bennett Springs 39 $453,000 0.0% -3.6% -0.9% 0.4%
Bentley 68 $456,500 -1.3% -8.2% -0.6% 0.4%
Bertram 69 $375,000 -1.8% -4.9% -0.8% -0.6%
Bibra Lake 73 $530,000 -2.1% -1.9% 0.4% 1.1%
Bickley 5 $625,000 0.0% -2.0% 4.3% 0.4%
Bicton 91 $1,080,000 -0.7% 22.7% 3.1% 2.9%
Booragoon 66 $841,500 1.3% -3.3% 1.0% 1.6%
Boya 6 $532,500 -9.0% -12.0% -1.8% 0.0%
Brabham 53 $402,000 0.5% -2.5% -7.0% n.a.
Brentwood 29 $643,000 -0.2% 3.7% 2.3% 1.3%
Brookdale 17 $275,000 -3.2% -11.3% -0.1% -1.2%
Bull Creek 74 $700,000 0.0% -2.8% 0.7% 2.2%
Bullsbrook 31 $325,000 -7.1% -13.3% -2.0% -0.9%
Burns Beach 51 $829,000 0.5% -4.1% -0.6% 1.9%
Burswood 8 $600,000 -3.7% -30.4% -5.3% -4.3%
Butler 156 $400,000 0.0% -1.2% -1.1% -1.1%
Byford 179 $402,500 -0.6% -2.8% -0.6% -1.2%
Calista 29 $280,000 -4.3% -10.0% 0.6% -0.7%
Camillo 47 $265,000 -1.3% -10.2% -1.9% -0.9%
Canning Vale 347 $560,000 0.0% -0.9% 0.0% 0.7%
Cannington 62 $404,000 1.0% -8.7% 0.2% 0.7%
Carine 85 $787,500 0.0% -1.6% 0.7% 1.4%
Carlisle 92 $517,500 1.5% 0.5% 1.1% 1.3%
Carramar 78 $508,050 -2.0% -2.2% -0.4% 0.1%
Caversham 48 $437,500 -0.6% -2.8% 0.3% 0.5%
Champion Lakes 11 $425,000 0.0% -9.0% -2.2% -8.1%
Chidlow 11 $410,000 1.4% -11.4% 0.3% 0.9%
Churchlands 33 $1,352,000 0.1% -1.0% 2.2% 0.7%
City Beach 81 $1,800,000 1.4% 8.6% 1.5% -0.6%
Claremont 87 $1,325,000 0.0% 0.4% 1.4% -0.4%
Clarkson 202 $382,000 -2.3% -6.0% -1.1% -0.3%
Cloverdale 116 $429,500 -0.7% -5.6% -1.8% 0.2%
Cockburn Central 7 $750,000 13.0% 41.5% 7.1% 3.6%
Como 112 $870,000 -3.9% 0.2% 1.3% 0.6%
Connolly 47 $680,000 1.5% 6.3% 2.2% 0.7%
Coogee 47 $807,500 0.0% -0.9% 1.2% -1.1%
Coolbellup 73 $441,000 -1.2% -7.5% 1.2% 1.4%
Coolbinia 30 $1,092,500 -0.7% 6.1% 3.0% 1.5%
Cooloongup 86 $292,500 1.2% -5.6% -0.5% -0.7%
Cottesloe 82 $2,177,500 1.8% 18.3% 3.9% 1.0%
Craigie 110 $440,000 1.1% -2.2% 0.2% 1.2%
Currambine 66 $540,750 0.3% 2.0% 0.1% 0.3%
Daglish 15 $1,030,000 -4.2% 6.5% 2.3% 0.4%
Dalkeith 66 $2,600,000 2.0% 8.3% 2.0% -0.6%
Darch 69 $552,000 0.6% 0.9% -0.7% 0.0%
Darling Downs 5 $735,000 30.1% -7.3% 1.4% -1.4%
Darlington 43 $580,000 -1.7% -10.1% 0.2% -0.8%
Dayton 32 $445,500 -4.3% -6.2% -2.7% -5.8%
Dianella 278 $600,000 0.0% -2.4% 0.2% 0.7%
Doubleview 203 $700,000 -2.5% -6.0% 0.6% 0.7%
Duncraig 193 $685,000 0.0% -3.5% 0.6% 1.8%
East Cannington 63 $475,000 0.0% -1.0% 1.6% 1.8%
East Fremantle 89 $1,100,000 0.0% 0.7% 0.9% 1.1%
East Perth 12 $1,030,000 -6.4% -19.1% 0.2% -1.2%
East Victoria Park 136 $637,500 0.8% -0.2% 1.2% 1.8%
Eden Hill 43 $400,000 -2.4% -4.8% 0.6% 0.4%
Edgewater 72 $495,500 1.1% -9.5% -0.2% 0.6%
Eglinton 27 $440,000 3.5% 0.7% n.a. n.a.
Ellenbrook 248 $387,750 0.2% -3.7% -1.2% -0.6%
Embleton 54 $481,000 0.2% -2.3% -1.4% 0.4%
Ferndale 60 $426,500 0.4% -9.4% 0.1% 1.4%
Floreat 106 $1,281,000 -1.5% 1.7% 1.7% 1.0%
Forrestdale 6 $401,000 -0.1% 5.5% -0.9% 0.2%
Forrestfield 172 $415,000 1.2% 1.2% 1.0% 1.1%
Fremantle 94 $785,000 0.7% 1.4% -0.2% 0.5%
Girrawheen 91 $335,000 -2.9% -9.5% -0.6% 0.0%
Glen Forrest 32 $487,000 -2.4% -11.5% -2.4% 0.1%
Glendalough 12 $471,175 4.7% -28.1% 1.3% 0.0%
Golden Bay 78 $355,000 -3.8% -6.6% -0.7% -3.0%
Gooseberry Hill 40 $646,500 -2.0% -8.9% -1.1% 0.3%
Gosnells 233 $320,000 -0.5% -5.9% -0.7% -0.3%
Greenmount 46 $466,000 -0.2% -4.9% -0.4% 0.9%
Greenwood 131 $502,000 0.4% -4.9% -0.7% 1.1%
Guildford 31 $638,000 0.0% 3.7% 1.9% 1.7%
Gwelup 63 $850,000 -1.2% 1.8% 0.0% 0.8%
Hamersley 86 $525,000 -0.9% 0.0% 0.1% 1.0%
Hamilton Hill 166 $475,000 0.0% -2.1% -0.8% -0.1%
Hammond Park 54 $525,000 0.0% 0.2% -0.2% 0.2%
Harrisdale 133 $510,000 -1.9% -2.7% -1.7% -1.6%
Haynes 8 $527,500 1.4% 9.9% -4.1% n.a.
Hazelmere 6 $471,500 -2.8% -11.0% -1.0% -0.3%
Heathridge 122 $445,500 -1.0% -2.1% -0.2% 1.3%
Helena Valley 44 $553,750 0.7% -3.7% 0.2% 0.6%
Henley Brook 22 $510,000 0.0% 22.9% 2.4% 0.7%
Herne Hill 5 $375,000 -9.6% -8.0% 1.1% -0.1%
High Wycombe 163 $430,000 1.9% -2.3% -0.1% 0.9%
Highgate 15 $810,000 -0.3% -8.5% 0.5% 0.3%
Hilbert 38 $363,500 -3.1% -9.7% -10.1% -2.9%
Hillarys 143 $785,000 -5.1% -5.1% -0.5% -0.1%
Hillman 31 $280,000 0.0% -7.7% -0.4% -1.0%
Hilton 63 $535,000 0.9% 0.9% 1.0% 1.2%
Hocking 67 $495,000 -3.9% -3.3% -0.1% 0.3%
Huntingdale 105 $380,000 0.0% -10.6% -0.8% 0.1%
Iluka 56 $867,500 4.8% 3.9% 1.0% 0.4%
Inglewood 48 $814,750 -0.6% 0.0% 0.7% 1.5%
Innaloo 178 $560,000 -2.6% -5.2% -1.0% 0.6%
Jandakot 29 $670,000 -0.4% 2.3% 1.6% 0.7%
Jane Brook 44 $522,500 0.8% 5.0% 0.3% 0.1%
Jarrahdale 12 $414,000 10.4% -8.0% -1.2% -0.7%
Jindalee 37 $599,000 3.7% 0.7% -1.1% -0.7%
Jolimont 9 $1,000,000 5.3% -0.3% 1.6% -0.5%
Joondalup 80 $522,500 0.0% 2.3% 0.7% 0.9%
Joondanna 50 $645,000 0.0% -0.4% 0.0% 0.4%
Kalamunda 92 $605,000 4.3% 2.5% -0.6% 1.1%
Kallaroo 69 $790,000 5.1% 13.3% 2.4% 3.2%
Karawara 14 $555,000 -13.3% -20.7% -3.8% -0.5%
Kardinya 121 $640,000 1.2% 1.6% 1.6% 1.5%
Karnup 9 $390,000 0.0% -3.7% n.a. n.a.
Karrinyup 145 $800,000 -1.7% 0.0% -0.1% 0.3%
Kelmscott 136 $330,000 1.5% -6.3% -1.2% -0.9%
Kensington 50 $755,000 0.3% -11.2% -1.5% 0.2%
Kenwick 62 $325,000 -4.4% -9.7% -1.0% -0.4%
Kewdale 90 $478,500 -0.8% -4.9% 0.8% 0.8%
Kiara 15 $370,000 -9.2% -19.6% -1.8% -1.0%
Kingsley 147 $574,000 1.3% -0.6% 0.3% 1.1%
Kinross 95 $480,000 -0.2% -2.7% -1.0% 0.2%
Koondoola 28 $335,000 -2.9% -10.7% -0.4% 0.2%
Koongamia 15 $320,000 0.0% 2.2% -0.6% 0.3%
Kwinana Town Centre 10 $297,500 -7.0% -25.4% -3.5% n.a.
Landsdale 113 $560,000 0.9% -1.8% 0.5% 0.8%
Langford 62 $355,000 1.4% -5.3% -0.2% 0.4%
Lathlain 44 $667,500 -1.8% 1.5% 0.4% 1.8%
Leda 30 $316,500 6.4% 5.5% 0.1% -0.2%
Leederville 41 $925,000 -1.1% 6.0% 1.2% 2.2%
Leeming 128 $676,500 0.2% -2.5% 0.8% 1.6%
Lesmurdie 80 $560,000 -1.8% -6.7% -1.7% 0.1%
Lockridge 43 $310,000 -1.3% -6.8% -1.1% -0.5%
Lynwood 52 $405,000 0.0% -8.6% -0.3% 0.6%
Maddington 112 $314,000 -1.9% -12.8% -1.0% -0.2%
Madeley 77 $588,000 0.1% 1.4% 0.3% 0.9%
Mahogany Creek 12 $519,000 -7.9% 19.3% -0.6% 0.1%
Maida Vale 57 $490,000 0.5% -4.9% 1.4% 0.4%
Manning 62 $810,000 -1.2% 6.2% 1.3% 1.9%
Marangaroo 80 $407,500 -4.2% -6.9% -0.8% 0.3%
Marmion 25 $880,000 -2.5% -1.9% -0.7% 0.6%
Martin 6 $450,000 0.0% -7.2% -5.1% -0.7%
Maylands 114 $599,444 -3.3% -4.9% -1.3% 0.2%
Medina 41 $238,000 0.6% -4.8% -0.5% -1.5%
Melville 93 $731,000 -3.7% -9.8% -0.5% 0.0%
Menora 15 $1,030,000 10.8% 5.1% 2.7% 0.3%
Merriwa 68 $332,500 0.0% -5.0% -0.8% -0.7%
Middle Swan 26 $312,000 -0.8% -11.1% -2.5% -0.9%
Midland 53 $345,000 1.5% -6.8% -1.1% -0.1%
Midvale 19 $320,000 -3.8% -16.9% -1.9% -0.7%
Mindarie 92 $650,000 0.0% -3.0% -1.6% -0.5%
Mirrabooka 51 $355,000 -1.4% -10.9% -0.9% 0.2%
Morley 303 $485,000 -1.0% -5.8% -0.4% 0.6%
Mosman Park 106 $1,400,000 7.7% 9.8% 1.5% 0.2%
Mount Claremont 63 $1,278,000 -3.3% -1.7% 1.1% -0.5%
Mount Hawthorn 106 $861,000 -0.1% -2.0% 1.3% 1.9%
Mount Helena 28 $470,000 0.0% 4.8% 0.5% 0.8%
Mount Lawley 105 $930,000 0.5% 0.1% -2.4% 0.1%
Mount Nasura 37 $399,000 0.0% -2.9% -1.8% -1.0%
Mount Pleasant 99 $1,080,000 4.8% -4.7% 0.2% 0.6%
Mount Richon 22 $456,000 6.7% 3.6% -1.4% 0.5%
Mullaloo 68 $633,500 -5.4% -10.8% -1.0% -0.2%
Mundaring 30 $561,500 -0.6% 1.2% 0.8% 0.9%
Mundijong 15 $420,000 0.0% -5.1% 2.0% 0.6%
Munster 59 $500,000 -0.6% -11.5% 0.1% -0.4%
Murdoch 17 $725,000 4.3% -0.5% -0.6% 1.2%
Myaree 22 $691,000 -1.3% -1.3% 1.9% 1.6%
Nedlands 112 $1,655,000 2.8% 13.2% 4.0% -0.1%
Nollamara 205 $395,000 0.0% -6.3% -1.2% -0.7%
Noranda 73 $580,000 -1.1% 0.9% 0.1% 0.7%
North Beach 53 $1,035,000 -4.8% 3.5% 2.9% 1.0%
North Coogee 27 $1,150,000 1.5% 2.7% -1.1% -3.4%
North Fremantle 33 $1,140,000 0.0% 18.8% 2.7% 0.4%
North Lake 14 $580,000 -5.3% -10.8% -3.0% 0.5%
North Perth 111 $830,000 0.9% 4.4% 1.3% 1.4%
Ocean Reef 95 $720,000 2.1% -1.0% -0.1% 0.4%
O’Connor 7 $570,000 44.3% 7.5% 1.5% 1.9%
Orelia 44 $317,500 0.8% -0.3% 0.5% -0.2%
Osborne Park 43 $490,000 0.0% 0.8% -1.2% 0.9%
Padbury 143 $515,000 -1.0% -4.6% 0.6% 1.4%
Palmyra 98 $605,000 0.8% -6.9% -0.2% 0.5%
Parkerville 24 $531,500 4.8% 14.3% 1.8% 0.0%
Parkwood 71 $448,000 -2.6% -8.1% -0.1% 1.3%
Parmelia 65 $269,000 -2.9% -7.2% -0.6% -1.1%
Pearsall 51 $447,500 1.5% -3.8% -1.3% -1.2%
Peppermint Grove 20 $3,475,000 0.0% 3.7% 1.0% -1.0%
Perth 31 $835,000 -1.8% -0.6% 2.4% 1.8%
Piara Waters 132 $512,500 -1.9% -2.9% -0.8% -0.1%
Port Kennedy 160 $362,500 -1.9% -5.8% -0.9% -0.6%
Queens Park 65 $425,000 0.2% -4.2% 0.2% 1.1%
Quinns Rocks 148 $452,500 0.0% 0.6% -0.3% -0.7%
Redcliffe 60 $450,000 0.0% 0.0% -0.2% 0.6%
Ridgewood 51 $370,000 -2.1% -7.4% -2.0% -1.0%
Riverton 67 $615,000 0.6% -9.6% 1.2% 2.4%
Rivervale 125 $505,000 -2.9% -9.3% -1.9% 0.1%
Rockingham 161 $380,000 0.0% -7.1% -0.5% -0.6%
Roleystone 89 $525,000 -0.9% -2.8% 0.5% -0.3%
Rossmoyne 32 $1,160,000 -2.5% 5.5% 4.9% 1.6%
Safety Bay 116 $395,000 -3.7% -5.4% 0.4% 0.0%
Salter Point 43 $1,150,000 0.0% 4.5% 2.2% 0.5%
Samson 22 $579,500 4.7% -3.7% 0.7% 1.0%
Sawyers Valley 6 $455,000 6.4% -1.1% -2.4% 0.3%
Scarborough 158 $740,000 -1.3% -2.6% 0.0% -0.2%
Secret Harbour 171 $430,000 -2.3% -6.5% -1.1% -1.0%
Serpentine 15 $620,000 0.0% 14.8% 1.7% 1.2%
Seville Grove 106 $345,000 -1.4% -5.5% -0.6% 0.1%
Shelley 54 $867,500 -2.5% -8.2% 2.7% 2.0%
Shenton Park 48 $1,180,000 -1.7% -9.1% 1.7% 1.4%
Shoalwater 63 $438,500 -1.5% -3.6% 0.3% -0.5%
Sinagra 32 $452,500 -1.6% -1.1% -1.0% -0.1%
Singleton 47 $400,000 -3.6% -9.1% -1.7% -2.4%
Sorrento 103 $900,000 -1.6% -2.2% 0.0% -1.1%
South Fremantle 42 $1,022,500 0.0% -5.3% 3.9% 1.0%
South Guildford 64 $487,500 -5.3% -12.9% 0.7% 1.7%
South Lake 85 $415,000 -3.5% -8.8% 0.2% 0.8%
South Perth 98 $1,200,000 2.1% -4.4% 0.4% -0.8%
Southern River 110 $542,500 -1.5% -2.3% -0.5% 0.0%
Spearwood 151 $461,000 -0.9% -5.4% -0.4% -0.1%
St James 60 $532,750 -0.9% -0.4% 1.3% 1.9%
Stirling 116 $760,000 -4.7% -7.0% -0.5% -0.1%
Stoneville 22 $485,000 -2.2% -4.9% -0.2% -0.3%
Stratton 38 $333,500 1.8% 1.1% -0.1% 0.0%
Subiaco 81 $1,220,000 -2.4% 1.0% 0.8% -0.5%
Success 111 $513,000 0.0% -3.2% 0.2% 0.8%
Swan View 90 $366,125 -1.0% -11.5% -1.2% 0.0%
Swanbourne 47 $1,700,000 11.6% 3.2% 4.4% 1.6%
Tapping 124 $480,000 -1.4% -6.8% -0.9% 0.0%
The Vines 66 $620,000 -1.6% -0.8% -1.5% -1.8%
Thornlie 273 $380,000 -1.3% -9.5% -1.3% 0.0%
Treeby 16 $540,000 3.8% 5.9% n.a. n.a.
Trigg 50 $1,175,000 2.2% 2.0% 3.9% 0.7%
Tuart Hill 83 $536,000 1.1% -2.5% 0.3% 0.8%
Two Rocks 41 $338,500 -6.5% -6.9% -2.8% -2.4%
Victoria Park 80 $650,000 0.0% 1.6% 0.4% 1.7%
Viveash 10 $490,500 -5.7% -9.2% 1.7% 2.1%
Waikiki 149 $355,000 -2.7% -10.6% -0.6% -0.4%
Walliston 6 $505,000 9.8% 4.1% 0.8% 2.0%
Wandi 24 $483,750 -4.6% -6.1% -6.9% n.a.
Wanneroo 139 $420,000 0.0% -1.8% -0.5% 0.6%
Warnbro 143 $317,500 -1.6% -5.2% -1.6% -0.7%
Warwick 48 $562,500 0.4% -1.3% 2.2% 2.1%
Waterford 21 $912,500 0.0% 10.0% -1.1% 1.3%
Watermans Bay 11 $865,000 -4.7% -21.7% -2.9% -5.4%
Wattle Grove 59 $535,000 5.9% 0.9% 0.5% 1.4%
Wellard 107 $420,000 2.8% 0.0% -0.5% -2.8%
Wembley 98 $1,017,500 -1.4% -0.2% 2.5% 1.2%
Wembley Downs 101 $1,049,000 -4.6% -7.2% 2.8% 1.2%
West Leederville 38 $1,187,500 1.1% 8.0% 3.5% 3.2%
West Perth 21 $685,000 1.1% 16.7% -2.3% 0.5%
Westminster 122 $376,000 -2.1% -6.9% -1.3% -0.5%
Whitby 9 $440,000 -1.1% -2.2% n.a. n.a.
White Gum Valley 48 $736,500 0.0% 7.9% 2.7% 2.0%
Willagee 84 $530,000 0.8% -3.6% 0.2% 1.2%
Willetton 208 $710,000 0.0% 0.3% 2.4% 3.6%
Wilson 76 $516,000 0.2% -7.4% -0.5% 1.1%
Winthrop 51 $893,000 4.4% 7.3% 1.1% 1.7%
Woodbridge 17 $585,000 -6.0% 0.0% 0.9% 1.6%
Woodlands 61 $940,000 -2.1% -2.1% 1.6% 1.3%
Woodvale 124 $615,000 2.5% -1.9% -0.2% 0.3%
Wooroloo 5 $385,000 0.8% 15.8% -0.4% 0.7%
Yanchep 124 $380,000 -1.9% -5.9% -1.5% -2.4%
Yangebup 84 $447,500 2.5% 1.7% 0.2% 1.3%
Yokine 134 $647,500 -0.4% -1.9% 1.5% 1.3%
Perth Planning Regions 21,729 $512,000 -0.6% -2.5% 0.5% 0.9%

Source: Real Estate Institute of WA

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