’s top 10 suburbs for capital growth have been revealed.
New figures from the Real Estate Institute of Western Australia (REIWA) have shown that in the 12 months to June 2105, each of the 10 suburbs in Perth recorded capital growth of between 9.5% - 17.2%.
The 17.2% growth belongs to the north-western suburb of Trigg, where the median house price now sits at $1,072,500.
Sales Associate at Peard Real Estate Hillarys, Les Lindsay said Trigg’s growth had likely been fuelled by the lifestyle options it offers.
“Trigg could be described as an almost semi-rural area of inner-suburbia, yet on its immediate extremities lies the Charles Riley playing fields, Hamersley Golf Course, Karrinyup Shopping Centre and St Mary’s Anglican Girls’ School – these are reasons why buyers are drawn to it and also why it is so tightly held by home owners,” Lindsay said.
“I’ve not been surprised to see Trigg back trading within the top 10 suburbs - as some of the large, recently built or extensively renovated dwellings that have sold, have contributed to the suburb's stature back to the top of the pecking order.”
Coming in at second place was the outer east suburb of Midvale, with 14.9% growth taking its median house price to $402,000.
Guildford came in just behind Midvale, with its 14.8% growth claiming it third spot.
The median house price in the north-eastern suburb now sits at $700,000.
White Gum Valley took out fourth place on the list with 14.5% growth to a median house price of $750,000, while Bellevue rounded out the top five with 14.2% growth to $395,000.
Coolbellup came in at number six with its median house price now sitting at $545,000 after growth of 13.5%.
Greenmount claims the number seven position after it’s median house price grew by 13.2% to $520,000, while Bicton is eighth on the list after it experienced an 11% jump in its median house price to $1,049,000.
With 10.3% growth to $1,147,500, Mount Pleasant claimed the ninth spot, while Madeley grabbed tenth, up 9.5% to $635,000.
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