Friday, December 18, 2015

Top 10 Perth Suburbs by Median House Growth

RP Data has also released figures that show Perth houses dropped 6.1% in 2015 which is $35,000 down to a median of $515,000.  Apartments fell 3.4% to $415,000. However there are some bright sparks. Here are the top 10 Perth suburbs that increased in value in the last 12 months.


BIGGEST INCREASE IN MEDIAN VALUE (HOUSES)
1. Brabham. Up 28.2 per cent to $450,186

2. Dayton. Up 22.7 per cent to $456,693

3. East Fremantle. Up 20.2 per cent to $1,312,018

4. Forrestdale. Up 13.1 per cent to $515,994

5. Upper Swan. Up 11.4 per cent to $704,539

6. Piara Waters. Up 11.2 per cent $543,795

7. Highgate. Up 10.8 per cent to $917,917

8. Swanbourne. Up 9.7 per cent to $1,642,736

9. Eglinton. Up 9 per cent to $349,679.

10. Oakford. Up 8.8 per cent to $965,396

Thursday, December 17, 2015

House prices - Perth down 3.3% while Sydney goes up 20%

The Australian Bureau of Statistics has released the latest residential property price movements for Australian states up to the September quarter. Perth's house prices have dropped 2.4% in the September quarter compared to the previous June quarter which has contributed to a 3.3% decrease over the past 12 months.

The Australian average for the last 12 months has been an increase of 10.7% increase in value, which makes Perth's -3.3% look pretty bad. In fact, Perth dropped the most over the last 12 months , with Darwin losing 2% over the same period. In contrast, Sydney has increase 19.9% over 12 months, with Melbourne increasing at 9.9%. 

WA unemployment has also recently increased to 6.4% while the Australian unemployment rate as a whole has fallen 0.1% to 5.8%. Tough year ahead..

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