• House sales down in June, but 31 Perth suburbs buck trend

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    reiwa.com data shows Perth house sales were down in June, but 31 suburbs across the metro area defied this trend to record more sales in June than they did in May.

    REIWA President Hayden Groves said a further eight suburbs also saw sales volumes stabilise over the month.

    “While house sales activity in Perth decreased in June this is not unexpected with the onset of winter, but our analysis also shows a substantial number of suburbs saw sales volumes improve during the month.

    “Duncraig, Mosman Park, Waikiki, Dayton and Palmyra were the five best performing suburbs, with each recording significant improvements in the number of houses sold between May and June.

    “Other suburbs to perform well were Butler, Kelmscott, Tapping, Baldivis and Joondalup, which rounded out the top 10 in terms of sales volume,” Mr Groves said.

    reiwa.com data shows eight of the 10 best performing suburbs in June had median house prices below $550,000, which were traditionally areas with a lot of first home buyer activity.

    “Mosman Park was the only million dollar suburb to make the top 10 in June, with sales volumes in the suburb lifting back to normal levels in June after declining in May,” Mr Groves said.

    “Perth continues to present good opportunities for buyers, especially in the more affordable end of the market.

    “The latest reiwa.com data suggests suburbs in the $550,000 and below price bracket are seeing healthy activity levels, with first home buyers taking advantage of the conditions to secure their first property before prices inevitably rise again.

    “In terms of the overall market, REIWA expects house sales activity to remain moderate in Perth throughout winter, with improvements expected during spring.”

    reiwa.com June market update video

    To find out more about how the Perth Metro property market performed in June, watch this quick video.



    View more Perth Metro property market information.