• Property market indicators

    Property values (median sale prices) March 2016 Quarter Change from 3 months ago Change from 12 months ago
    Houses, established
    Perth Metro $530,000 -1.9% -4.5%
    Mandurah - Murray $400,000 3.4% -4.8%
    Bunbury Urban Area $392,000 4.5% 0.5%
    Geraldton - Greenough $325,000 -11.0% -16.3%
    Kalgoorlie - Boulder $327,000 -4.5% -3.1%
    Albany Urban Area $390,000 4.0% 0.0%
    Broome Urban Area $475,000 -11.2% -19.0%
    Busselton Urban Area $449,000 -4.5% -1.3%
    Esperance Urban Area $355,000 1.4% -12.9%
    Karratha Urban Area $330,000 -10.8% -25.0%
    Northam $280,000 17.0% 19.6%
    Port Hedland Urban Area $500,000 -2.0% -23.1%
    Regional WA $380,000 1.3% -3.8%
    Multi-residential
    Perth Metro $436,000 0.2% -1.6%
    Land
    Perth Metro $265,000 -0.4% -1.3%
    Regional WA $185,000 4.5% 3.9%
    Rental Market March 2016 Quarter Change from 3 months ago Change from 12 months ago
    Perth Metro - median weekly rent $395 -1.3% -8.1%
    Perth Metro - vacancy rate 5.6% -0.4% 1.2%
    Mandurah-Murray - median weekly rent $340 -2.9% -8.1%
    Mandurah-Murray - vacancy rate 5.4% 1.0% -1.0%
    Bunbury Urban Area - median weekly rent $340 -2.9% 0.0%
    Bunbury Urban Area - vacancy rate 7.9% 2.2% 3.7%
    Geraldton-Greenough - median weekly rent $310 -3.1% -3.1%
    Geraldton-Greenough - vacancy rate 9.0% 1.5% 1.7%
    Kalgoorlie-Boulder - median weekly rent $320 -8.6% -8.6%
    Kalgoorlie-Boulder - vacancy rate 6.5% -0.5% 3.4%
    Albany Urban Area - median weekly rent $350 2.9% 0.7%
    Albany Urban Area - vacancy rate 1.7% 0.2% 0.0%
    Busselton Urban Area - median weekly rent $400 0.0% -2.4%
    Broome Urban Area - median weekly rent $450 -8.2% -10%
    Broome Urban Area - vacancy rate 0.0% 0.0% 0.0%
    1. Median prices and sales of properties are derived from Landgate data. Data excludes properties greater than one hectare.
    2. Rental data is obtained from surveys of REIWA members.