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The start of 2020 is the beginning of a new decade for the Perth property market.
A glimmer of hope for a real estate rebound was felt in the last couple of months of 2019 as house values rose by 0.4 per cent, the first increase felt since April 2018.
Of course, we may still be a long way off until we feel our property market has made a full comeback, but signs show that a recovery is on the way.
reiwa.com data has revealed the top 10 Perth suburbs that have endured the biggest growth over the last 10 years (2009 vs the end of 2019).
If investment is on your agenda for 2020, then the below suburbs could be a good option, if the upward trajectory of price growth continues.
Over the last decade, South Perth’s median sale price increased 35.7 per cent, taking the figure from $995,000 to $1,350,000.
South Perth is an affluent riverside suburb, with breathtaking views and features which add to its attractive lifestyle. If you own an investment property in South Perth, you can feel confident that it would have experienced some capital growth over the
last decade. It also might be the right time to sell if you have been waiting for your home’s value to be higher than what you bought it for.
See what's for sale in South Perth.
If you bought a property in Kallaroo in 2009, 10 years later its median sale price would have risen by 32.4 per cent.
The median sale price in Kallaroo at the end of 2019 was $715,000 compared to $540,000 in 2009 - a notable increase if you owned a property during that time. Kallaroo is a northern coastal suburb of Perth which is part of the four Whitfords suburbs.
See what's for sale in Kallaroo.
The third Perth suburb to experience the highest growth to its median sale price over the last decade is Willetton.
In 2009, the median sale price in Willetton was $515,000. At the end of 2019 it was $677,500 – a 31.6 per cent growth over the decade. Willetton boasts investment potential due to its location bound by Leach Highway and Roe Highway and its relaxed sentiment. Willetton Senior
High School was also rated number one in The West Australian's list of top 50 schools in WA of 2019.
See what's for sale in Willetton.
Shelley has a total land area of two square kilometres however its median sale price has grown significantly in the last decade.
In 2009 the median sale price in Shelley was $670,000 and at the end of last year the figure came in at $880,000, a growth of 31.3 per cent of the last 10 years. Shelley is predominantly serviced by amenities in surrounding suburbs, but located only 10 kilometres from
Perth CBD, everything you need is only a few minutes away.
See what's for sale in Shelley.
When it comes to investment opportunity, Ascot reaps the benefits of a suburb that has undergone substantial redevelopment in recent years. This can be reflected in the figures, with its median sale price growing 30.7 per cent from 2009 to 2019. If you
were buying a property in Ascot in 2009 you were looking at a median sale price of $505,000, at the end of 2019 it was $660,000.
See what's for sale in Ascot.
The median sale price in Kensington has grown a notable 29.2 per cent in the last 10 years. In 2009, the median sale price in the suburb was $730,000 whilst at the end of last year it was $943,500. Kensington is another relatively small suburb but in
a prime location, bound by South Terrace and Canning Highway and only six kilometres from Perth CBD. It’s a great investment opportunity, being a popular suburb amongst those looking to live close to the Perth CBD and Curtin University.
See what's for sale in Kensington.
Mount Pleasant is a suburb with reliable growth. It offers residents an attractive lifestyle with stunning river views and is considered a desirable suburb to live in, making it an investment hot-spot.
The median sale price at the end of 2019 in Mount Pleasant was $1,175,000 compared to $925,000 in 2009 – a 27 per cent growth over the decade. Situated close to Fremantle and the Perth CBD, Mount Pleasant makes for a good investment option in 2020.
See what's for sale in Mount Pleasant.
Over the last 10 years, the median sale price in Wembley Downs grew 26.4 per cent. In 2009, the figure was $870,000, in late 2019 it was $1,100,000.
Wembley Downs is 10 kilometres from Perth CBD, close to the northern part of City Beach. Residents enjoy easy access to a number of sporting facilities and prestigious schools.
See what's for sale in Wembley Downs.
Following closely behind Wembley Downs is South Guildford with an increase of 26.2 per cent to its median sale price over the last decade. If you bought back in 2009 and have been waiting until your property increased in value before you sell, now might
be the time. The median sale price in South Guildford was $517,500 at the end of 2019, compared to $410,000 in 2009.
See what's for sale in South Guildford.
The median sale price in Shenton Park is now above a million dollars, after ten years of slow and patchy increases. Back in 2009, the median sale price in Shenton Park was $900,000, at the end of 2019 it was $1,125,000.
Located within the City of Subiaco, Shenton Park’s leafy suburban lifestyle makes it a popular suburb among buyers and investors alike. Shenton Park rounds out the top 10 Perth suburbs for sale price growth over the decade with a 25 per cent increase.
See what's for sale in Shenton Park.