Best and Worst Suburbs in Perth for 2008

Suburbs have been recently compared for the year to October 2008, to come up with a list of best and worst performing suburbs in Perth by the median house price of houses sold. 

Here they are:

Best performing suburbs for houses in WA in 2008 were:

Applecross: 36 homes sold at a median price of $2,387,500 and annual growth of 40.44 per cent

Dongara: 10 homes sold at a median price of $516,500 and an annual growth rate up 38.66 per cent 

Coolbinia: 17 homes sold at a median price of $1,260,000 and an annual growth rate up 35.48 per cent 

South Hedland: 61 homes sold at a median price of $505,000 and an annual growth rate up 32.89 per cent 

Dampier: 16 homes sold at a median price of $905,000 and an annual growth rate up 29.29 per cent 

Chidlow: 17 homes sold at a median price of $540,000 and an annual growth rate up 28.96 per cent 

Banjup: 13 homes sold at a median price of $1,200,000 and an annual growth rate up 28.34 per cent 

Karawara: 12 homes sold at a median price of $736,500 and an annual growth rate up 28.09 per cent 

Baynton: 23 homes sold at a median price of $960,000 and an annual growth rate up 28.00 per cent 

East Fremantle: 34 homes sold at a median price of $1,204,000 and an annual growth rate up 26.07 per cent 

Worst performers 

Mount Barker: 15 homes sold at a median price of $200,000 and an annul growth rate down 28.25 per cent 

Abbey: 10 homes sold at a median price of $622,500 and an annual growth rate down 26.11 per cent 

Brockman: 10 homes sold at a median price of $315,000 and an annual growth rate down 23.17 per cent 

Binningup: 15 homes sold at a median price of $400,000 and an annual growth rate down 20.00 per cent 

Kojonup: 15 homes sold at a median price of $150,000 and an annual growth rate down 18.92 per cent 

Dunsborough: 53 homes sold at a median price of $558,000 and an annual growth rate down 18.84 per cent 

Joondanna: 22 homes sold at a median price of $592,500 and an annual growth rate down 17.48 per cent 

Busselton: 12 homes sold at a median price of $475,000 and an annual growth rate down 16.96 per cent 

Fremantle: 27 homes sold at a median price of $740,000 and an annual growth rate down 15.91 per cent 

Rossmoyne: 22 homes sold at a median price of $959,500 and an annual growth rate down15.83 per cent 

Source: News.com.au

Easiest places to sell a house in Perth

Dalkeith has been revealed as the quickest suburb in Perth to sell a house, with the average time on the market to sell a home at 17 days compared to the city's average of 44.

Despite the sluggish property market, buyers are prepared to fork out the $2.8 million median price for a Dalkeith home, with 33 sold during November 2008, new figures from RP Data show.

Riverton came in second with average time on the market at 20 days and 34 sold in November. The median value for homes in the suburb was $576,750.

Craigie was the popular option for buyers in November, with 120 sold at a median value of $382,500 and an average time on the market of 27 days.

On the units front, Melville was the quickest selling suburb in Perth with the average time on market at 23 days and a median value of $543,500. RP said 34 units were sold in November. Tuart Hill was the popular option with 102 units sold at a median value of $327,500 and an average time on market of 28 days.

- Taken from WA Business News

Tips for Homebuyers

Peter.com.au has the following tips for buying a house. Worth remembering some of these whilst looking for a house. 

• In general, real estate agents work for the buyer - they are more interested in a quick, low effort, sale than in a good price (it is much better to earn 10% of $100,000 with one day of work than 10% of $120,000 with one months work).
• Check any city by-laws, caveats, or easements on the house.
• Check caveats on the contract.
• Ensure enough time is allowed for loan approval, at least ten working days.
• Try to keep your emotions under control and not get too emotionally involved with the house you might purchase (this is usually not really possible). Try not to let them play on your emotions.
• Allow money for fixing the place up (new carpets, repainting, cleaning, repairs). It is often better to buy a house five or ten thousands dollarys cheaper and use the difference to fix the place up (the same applies for cars).
• Remember (preferably photograph) wall fixtures lest they disappear between acceptance and ownership.
• Check light fittings (some people even steel the light bulbs out of the house!).
• Redirect your mail and also print stickers for readdressing your mail and leave them with the new owners of your old house. The post office understands NATA = Not at this address and RTS = return to sender, so after six months or so you can just scribble NATA RTS on any wrongly addressed mail and drop it in the outgoing mail pile.

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