How has Perth suburbs fared in the last 12 months? Some have done amazingly well. In Belmont, the price of a unit has gone up 46%. On the luxury end of the market, Watermans Bay, Peppermint Grove, North Fremantle and Mt Pleasant have experienced growth of 30% or more in just 12 months which is quite an astounding return on investment! For a more moderate investment near Armadale, Mt Richon has returned 28%.
Here are Perth's best performers.
| Suburb |
Postcode |
Unit/House |
No. Sold |
Ave price |
12-Mth % |
| BELMONT |
6104 |
U |
40 |
$477,750 |
45.80% |
| WATERMANS BAY |
6020 |
H |
15 |
$1,160,000 |
41.80% |
| HERNE HILL |
6056 |
H |
21 |
$592,500 |
41.10% |
| PEPPERMINT GROVE |
6011 |
H |
24 |
$3,537,500 |
38.70% |
| NORTH FREMANTLE |
6159 |
H |
45 |
$1,050,000 |
32.50% |
| MOUNT PLEASANT |
6153 |
H |
120 |
$1,200,000 |
30.40% |
| WOODBRIDGE |
6056 |
H |
22 |
$580,000 |
30.30% |
| MOUNT RICHON |
6112 |
H |
45 |
$517,000 |
27.60% |
