Dayton was Perth’s top suburb for sales growth during the 2021-22 financial year, with reiwa.com data showing sales were up 141.3 per cent compared to the 2020-21 financial year.
North Fremantle came in second, with sales up 125.9 per cent during the year, followed by Orelia with a 121.1 per cent increase in sales.
REIWA President Damian Collins said demand for property remained high, with overall sales up 19.8 per cent across Perth during the 2021-22 financial year.
Its been a solid year of sales for the Perth market, with a shortage of housing fuelling competition amongst buyers and resulting in strong sales turnover, Mr Collins said.
All 10 suburbs on the list recorded more than 80 per cent growth in sales volumes, while six saw growth of more than 100 per cent.
“The jump in sales activity in these suburbs is significant, with over half seeing volumes double between the 2020-21 and 2021-22 financial years, Mr Collins said.
reiwa.com analysis also found that seven of the 10 suburbs on the list had median house sale prices below $500,000 with five of those below $400,000.
Its pleasing to see such strong sales growth in the affordable end of the market. Increased activity in this price bracket suggests first home buyers are very active, Mr Collins said.
We are lucky in Western Australia that our housing market is still so affordable and that even as interest rates rise the dream of home ownership is still achievable for most people.
The top 10 suburbs for sales growth
|Suburb||Sales growth (%)||Median house sale price|
|2. North Fremantle||125.9%||$1.271 million|
|6. Mount Helena||103.2%||$597,500|
|10. Southern River||80.6%||$599,000|