• The seven Perth suburbs recording higher sales volumes now than they did during the ‘boom’


    Alkimos, Golden Bay and Trigg have topped reiwa.com’s list of the seven Perth suburbs recording higher house sales volumes now than they did during the ‘boom’.

    REIWA President Hayden Groves said while overall house sales volumes had declined in Perth since 2014, there were seven suburbs that had bucked this trend to record increases in activity.

    “For some of the relatively newer suburbs on this list, population growth has played a role in their sales volumes improving. However, interestingly, the majority of the suburbs on the list are well-established, affluent suburbs like Trigg, Salter Point, Leederville and Ardross.

    “These suburbs haven’t seen substantial increases in population growth, yet have defied market conditions to maintain sales levels that are on par or notably higher than the levels they recorded during the boom, which is impressive,” Mr Groves said.

    reiwa.com data shows that as well as seeing an improvement in sales volumes, Trigg’s median house price has grown, lifting 6.5 per cent from $1.08 million to $1.15 million between 2014 and 2018.

    “The median house price in Salter Point and Leederville also held up well during this time, remaining more or less unchanged as sales activity in their respective areas increased,” Mr Groves said.

    “While sales volumes in the seven suburbs are fairly modest, it’s a testament to these smaller markets that they have weathered the challenging conditions of the last few years so well.”

    “With key market indicators signalling the Perth market has turned a corner, it will be interesting to see if this list grows over the next 12 months.”

    Suburb name House sales (year to Jan 2014) House sales (year to Jan 2018) Percentage change
    1. Alkimos 40 89 ↑ 122.5%
    2. Golden Bay 53 79 ↑ 49.1% 
    3. Trigg 39 47↑ 20.5% 
    4. Salter Point31 36 ↑ 16.1% 
    5. Leederville 32 36 ↑ 12.5% 
    6. Jindalee 34 36 ↑ 5.9% 
    7. Ardross 81 84 ↑ 3.7% 

    View more Perth Metro real estate and property market information.