The Perth housing market grew 7% in the first half of 2021, according to the latest report from CoreLogic and the Real Estate Institute of Western Australia (REIWA).
While values ??have only increased 0.2% over the past month, the cumulative growth over the past six months has been substantial.
Damian Collins, president of REIWA, said the lower growth rate recorded in June is not surprising given the traditional winter slowdown. Still, Collins thought the growth was encouraging.
"This will be very useful in Perth as we move from winter to spring sales season in the months to come," he said.
Data from REIWA showed that the median selling price of homes in Perth was $ 510,000 in June. About 84 suburbs reported large median home selling price gains during the month.
Parkwood (up 4.8% to $ 450,000), Booragoon (up 4.1% to $ 825,000), Merriwa (up 3.9% to $ 335,000), Quinns Rock (up 3.9% to $ 499,000) and Joondalup (up 3.2% to $ 525,500) were the top performing suburbs of the month.
In terms of listings, 8,933 new properties were added to Reiwa.com at the end of June. This is 1% lower than at the end of May.
“We saw a slight decrease in listings at the end of June compared to May, but compared to three months ago, listings for sale were up 8.1%. On an annual basis, inventory levels remain 13.4% lower than they were at the end of June 2020, ”Collins said.
Top Suburbs:
kawana
,
glorification
,
Sainte Marie
,
coorparo
,
belmont
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