Perth’s top 10 fastest-selling suburbs
REIWA has revealed Perth’s 10 fastest-selling suburbs for the 12 months to March 2020.
It took an average of 47 days to sell a property in the Greater Perth region, but some suburbs are bucking that trend.
Here are the suburbs people can’t wait to move into.
Kicking off the top 10 fastest selling suburbs for houses in Perth is Willagee, 12km south of Perth and only a 10 minute drive to Fremantle and surrounding beaches. In the 12 months to March 2020 the median number of days to sell a house in Willagee was 26 days, which is 21 days faster than the Perth region. Willagee has a great community vibe which has gained popularity with young couples and families. The median house price in Willagee is $513,750, a 3.1 per cent decline on the same time last year. During the 12 months to March 2020, 100 houses sold in Willagee.
Boasting an average of 25 days to sell is Kinross, which is a northern suburb of Perth, 26km from the Perth CBD. Kinross is favoured option among families looking to live somewhere with great schooling options, recreational facilities and parks. The median house price in Kinross is $465,000 which represents a 0.4 per cent decline on the same time last year. In the 12 months to March 2020 there were 84 houses sold in Kinross.
Also with a median selling time of 25 days is Joondanna. Situated just six kilometres from the Perth CBD, Joondanna’s median house price declined by 5.6 per cent in the 12 months to March 2020, which leaves the figure at $613,500. Joondanna’s prime location is the suburb’s major selling point, with close proximity to the city, freeways, public transport and schools. There were 58 houses sold in Joondanna during the 12 months to March 2020.
At number seven and with a median selling day of 25 days is Doubleview. In the year to March 2020 there were 142 house sales in Doubleview and its median house price experienced a 6.1 per cent decline taking the figure to $687,500. With stunning views of the Indian Ocean to the west and the Darling Ranges to the east, Doubleview is a suburb in high demand, especially for families wanting to put their kids into Churchlands Senior High School.
Located 20km north of Perth, houses in Beldon do not stay on the market for long, with its median selling time coming in at 25 days for the 12 months to March 2020. For a relatively small suburb it is popular among buyers seeking to live close to public transport, the beach, parks and shops. The median house price in Beldon increased 4.5 per cent to $465,000, making it a great choice for first home buyers and young families. During the 12 months to March 2020, 53 houses sold in Beldon.
Positioned seven kilometres from Perth’s CBD and in close proximity to Curtin University, Manning is in the enviable position of being close to major urban areas, while still removed enough to enjoy the benefits of a suburban lifestyle. Manning rounds out the top five fastest-selling suburbs with an average time of 23 days to sell a house. In the 12 months to March 2020, 54 houses sold in Manning.
With a median selling time of 23 days, Heathridge is Perth’s fourth-fastest selling suburb for houses. It’s median house price for the 12 months to March 2020 was $426,000 which is a 0.9 per cent decline when compared to the same time last year. Heathridge is a northern suburb of Perth 33km south of Yanchep located within the city of Joondalup. It’s close to the beach, public transport and Kwinana Freeway making it a desirable northern suburb to live if you want to be a little bit further away from the hustle and bustle of the city. During the 12 months to March 2020, 109 houses sold in Heathridge.
Carine is Perth’s third-fastest selling suburb according to its median selling time for the 12 months to March 2020 which was 22 days. There were 80 houses sold in Carine and the median house price decreased 2.4 per cent, taking the figure to $788,000. Carine is located 14km north of Perth CBD within the City of Stirling. Carine is well served by local transport, amenities and services which make it a popular suburb among buyers.
Kingsley is a family-orientated suburb offering a selection of schools, parks and recreational facilities. The median time it takes to sell a house in Kingsley is 21 days, which is notably faster than the Perth region average. Kingsley is located approximately 20km north of Perth CBD and has a median house price of $555,000, which represents a 2.8 per cent increase in the 12 months to March 2020. During that time, there were 151 houses sold in Kingsley.
1. Shenton Park
Ranking number one as Perth’s fastest-selling suburb – for the second time in a row – is Shenton Park. The median time to sell your house in Shenton Park is just 20 days, 27 days quicker than the Perth average. Shenton Park is located in Perth’s prestigious Western Suburbs, close to the CBD, public transport and Shenton College. The median house price for Shenton Park is $1.126 million suggesting the suburb’s property value remains healthy with buyers seeking out houses in the higher end of the spectrum. Shenton Park’s median house price declined 1.9 per cent in the 12 months to March 2020, with 37 houses sold.