Despite a severe property market slowdown Perth now boasts a whopping 39 suburbs with a median value of $1 million or more.
According to Corelogic the latest figure for the Perth property market (at the end of July) were:
Median house price: $530,000; 0.1% increase in last 12 months.
Median unit price: $420,000; -5.7 % fall in last 12 months.
Vacancy Rate: 3.8%
Not really very impressive results when you compare them to Sydney (+18.4%) or the Melbourne property market (+11.5%).
After a long period of strong capital growth the Perth housing market has recorded a significant slowdown and these conditions are likely to continue with transaction numbers falling and decreasing confidence.
And figures from CoreLogic show that while eight areas dropped off the million-dollar median value list, there were plenty to take their place.
Earlier this year, Perth had 35 suburbs with a median price of $1m or more, now there are 39.
PERTH SUBURBS WITH $1 MILLION MEDIAN VALUE
- Peppermint Grove (Local Government: Peppermint Grove) $3,504,996
- Dalkeith (Nedlands) $2,470,530
- Cottesloe (Cottesloe) $1,827,426
- City Beach (Cambridge) $1,739,380
- Swanbourne (Nedlands) $1,611,589
- Nedlands (Nedlands) $1,611,479
- Applecross (Melville) $1,466,551
- Floreat (Cambridge) $1,390,566
- Mount Claremont (Nedlands) $1,390,013
- East Perth (Perth) $1,358,852
- Churchlands (Stirling) $1,356,627
- Mosman Park (Mosman Park) $1,343,313
- Watermans Bay Stirling) $1,244,469
- Salter Point (South Perth) $1,240,042
- Attadale (Melville) $1,235,020
- Subiaco (Subiaco) $1,205,868
- North Coogee (Cockburn) $1,198,809
- Rossmoyne (Canning) $1,185,556
- Claremont (Claremont) $1,184,388
- East Fremantle (East Fremantle) $1,183,224
- Trigg (Stirling) $1,172,756
- 303 Coolbinia (Stirling) $1,161,980
- 316 Menora (Stirling) $1,140,442
- 328 Shenton Park (Subiaco) $1,125,820
- 331 Gnangara (Wanneroo) $1,114,542
- 334 Wembley Downs (Stirling) $1,108,668
- 337 Wembley (Cambridge) $1,104,603
- 348 West Leederville (Cambridge) $1,097,028
- 352 Daglish (Subiaco) $1,087,625
- 354 South Fremantle (Fremantle) $1,085,193
- 359 North Fremantle (Fremantle) $1,083,336
- 368 Mount Pleasant (Melville) $1,067,481
- 376 Waterford (South Perth) $1,056,960
- 379 Woodlands (Stirling) $1,055,736
- 380 Shelley (Canning) $1,052,115
- 383 South Perth (South Perth) $1,048,743
- 399 Bicton (Melville) $1,029,210
- 416 Ardross (Melville) $1,015,014
- 430 Mount Lawley (Stirling) $1,005,186
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