Perth's New Median House Price $545,000

REIWA has announced that the Perth median house price has now reached a new high of $545,000 and could get up to $570k by the end of the year. In December 2012, the house prices in Perth were at $495,000 which means that the median house price has gone up 10% in the past year.

2013 in Perth 9.9% growth

Perth has recorded a 9.9% increase in median house prices in the past year which is second in the country after Sydney (14.5%) Perth's median house price according to RP Data is now at $520,000. Just in December, Perth's median house price went up 1.3% in a normally quiet month for real estate. Apparently, the increase last year was the best since 2009 for Perth.

Perth Suburbs in National Top 50 Annual Growth

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%