Perth's 26 new $1 million suburbs: Did yours make the list?

Perth's 26 new $1 million suburbs: Did yours make the list?
Jennifer DukeSeptember 17, 2014

Another 26 metropolitan Perth suburbs recorded house and unit sales of $1 million or more, according to new data from the Real Estate Institute of Western Australia (ERIWA).

According to REIWA, 8.2% of houses and 3.4% of apartments sales were between $1 million to $2 million, as compared to 6.7% of houses and 3.3% of apartments in 2012/2013.

REIWA president David Airey notes that their list of suburbs is based on where transactions occurred at this price point, not where the median exceeds $1 million. This means the list won't look quite as expected to those used to seeing "million dollar median" lists.

“Six suburbs are completely new to this list while others have returned from previous years after being absent in 2012-13,” Airey said.

Some of the sales included large blocks with single dwellings that would suit multi-residential developments purposes, with others being more typical.

At present, REIWA data records Perth’s median house price at $540,000, with apartments’ median sitting at $450,000.

The June quarter median recorded price per lot for land was $285,000. The regional WA median prices for houses, apartments and land lots were $380,000, $330,000 and $180,000 respectively.

The six new entrants on the million dollar list:

  1. Ellenbrook

  2. Huntingdale

  3. North Lake

  4. Piara Waters

  5. Pickering Brook

  6. Wandi

Source: REIWA

See over page for the entire list of million dollar transaction suburbs.


The 26 new suburbs added to the million dollar transaction suburb list:

  1. Atwell

  2. Bedfordale

  3. Belmont (notably the only new entry with apartment sales over $1 million)

  4. Currambine

  5. Edgewater

  6. Ellenbrook

  7. Golden Bay

  8. Gosnells

  9. Harrisdale

  10. Helena Valley

  11. Huntingdale

  12. Kelmscott

  13. Madeley

  14. Mount Nasura

  15. Munster

  16. North Lake

  17. Piara Waters

  18. Pickering Brook

  19. Port Kennedy

  20. Secret Harbour

  21. Spearwood

  22. St James

  23. Wandi

  24. Warnbro

  25. White Gum Valley

  26. Wilson

Source: REIWA

You might also want to read:

Western Australia's 10 most expensive suburbs to rent a house

The 2014 HIA home of the year in Dalkeith, Perth listed for $8 million plus

Jennifer Duke

Jennifer Duke was a property writer at Property Observer
Tags:
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