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Property Market Indicators

As at 23rd of April 2012


Property values (Median sale prices) March Qtr 2012 Change from 3 months ago Change from 12 months ago
Houses, Established
Perth Metropolitan $469,000 0.4% -3.3%
Mandurah - Murray $385,000 4.4% -2.5%
Bunbury Urban Area $366,000 2.4% 0.3%
Geraldton - Greenough $365,000 0.7% -6.4%
Kalgoorlie - Boulder $355,000 6.0% 5.7%
Albany Urban Area $379,500 6.2% -2.7%
Broome Urban Area $600,000 -16.7% -2.4%
Busselton Urban Area $385,000 1.3% -8.3%
Esperance Urban Area $335,000 -10.7% -4.3%
Karratha Urban Area $802,500 1.3% 0.3%
Northam $311,250 28.4% 8.4%
Port Hedland Urban Area $872,500 11.1% 6.4%
Regional WA $290,000 0.0% 0.0%
Multi- Residential
Perth Metropolitan $399,000 2.3% -1.5%
Land
Perth Metropolitan $265,000 13.2% 10.0%
Regional WA $161,250 2.4% -7.9%

Rental Market March Qtr 2012 Change from 3 months ago Change from 12 months ago
Perth Metropolitan - Median Weekly Rent $420 5.0% 10.5%
Perth Metropolitan - Vacancy Rate 1.9% -4.0% pts -1.4% pts
Mandurah-Murray - Median Weekly Rent $325 1.6% 4.8%
Mandurah-Murray - Vacancy Rate 2.8% -0.8% pts -0.7% pts
Bunbury Urban Area - Median Weekly Rent $340 0.0% 6.3%
Bunbury Urban Area - Vacancy Rate 3.0% -0.9% pts 1.5% pts
Geraldton-Greenough - Median Weekly Rent $330 0.0% 10.0%
Geraldton-Greenough - Vacancy Rate 2.5% 0.0% pts -1.5% pts
Kalgoorlie-Boulder - Median Weekly Rent $390 2.6% 18.2%
Kalgoorlie-Boulder - Vacancy Rate 0.9% -0.7% pts 0.8% pts
Albany Urban Area - Median Weekly Rent $295 1.7% 0.7%
Albany Urban Area - Vacancy Rate 4.1% 0.0% pts 0.1% pts
Busselton Urban Area - Median Weekly Rent $310 0.0% 3.3%
Broome Urban Area - Median Weekly Rent $620 0.0% 12.7%
Broome Urban Area - Vacancy Rate 1.1% 0.7% pts -0.5% pts

1. Median prices and sales of properties are derived from Landgate data - Excludes properties > 1 Ha.
2. Rental data obtained from surveys of REIWA members.

Property Market Indicators



Property values (Median sale prices) Jun Qtr 2011 Change from 3 months ago Change from 12 months ago
Houses, Established
Perth Metropolitan
$470,000
-3.1%
-6.0%
Mandurah - Murray
$370,000
-6.3%
-6.3%
Bunbury, Greater
$355,000
-2.7%
-3.9%
Geraldton - Greenough
$358,000
-11.6%
-8.2%
Kalgoorlie - Boulder
$330,000
-1.5%
-7.3%
Albany
$368,000
-4.8%
-0.5%
Broome
$647,500
6.6%
-3.6%
Busselton
$391,000
-6.8%
-15.0%
Esperance
$355,000
1.4%
-17.4%
Karratha
$730,000
-13.8%
-8.8%
Northam
$212,500
-26.0%
-20.8%
Port Hedland
$718,788
-9.6%
-2.9%
Regional WA
$370,000
-1.8%
-2.6%
Multi-Residential
Perth Metropolitian
$405,000
0.0%
-2.4%
Land
Perth 
$250,000
4.2%
5.5%
Regional WA
$176,500
-0.3%
9.0%

Rental Market Jun Qtr 2011 Change from 3 months ago Change from 12 months ago
Vacancy Rate - Perth
3.4%
-0.1% pts
-0.8% pts
Median Weekly Rent - Perth
$380
0.0%
1.3%
Vacancy Rate - Mandurah-Murray
2.9%
-0.6% pts
-0.9% pts
Median Weekly Rent - Mandurah-Murray
$320
3.2%
6.7%
Vacancy Rate - Bunbury, Greater
3.1%
1.6% pts
1.1% pts
Median Weekly Rent - Bunbury, Greater
$340
6.3%
7.9%
Vacancy Rate - Geraldton-Greenough
4.0%
n.c.
-1.3% pts
Median Weekly Rent - Geraldton-Greenough
$340
13.3%
6.3%
Vacancy Rate - Kalgoorlie-Boulder
1.8%
0.1% pts
-1.4% pts
Median Weekly Rent - Kalgoorlie-Boulder
$380
15.2%
18.8%
Vacancy Rate - Albany
5.4%
1.4% pts
0.7% pts
Median Weekly Rent - Albany
$300
2.4%
4.2%
Vacancy Rate - Busselton
n.a.
n.a.
n.a.
Median Weekly Rent - Busselton
$290
-3.3%
-3.3%
Vacancy Rate - Broome
1.0%
-0.6% pts
-0.4% pts
Median Weekly Rent - Broome
$620
12.7%
12.7%


  1. Median prices and sales of properties are derived from Landgate data - Excludes properties > 1 Ha.
  2. Rental data obtained from surveys of REIWA members.