Perth’s 10 best performing suburbs for FY22

The city’s best performing suburb for the 2021-22 financial year was Marmion, with the north PerthPerth, TAS Perth, WA the median home price in the area rose 39.7% to $1.35 million during this period. He was followed by nearby North BeachNorth Beach, SA North Beach, WA, where prices climbed 36.2%. The top three were topped by Gwelup, which saw a price increase of 35.2%.

Real Estate Institute of Western Australia (REIWA) chairman Damian Collins said the top 10’s performance reflected the overall good market conditions seen across the city.

“Every suburb on this list has seen median home sale price growth of more than 26% in just 12 months, which is significant and suggests competition among buyers is high,” he said.

A whopping 90% of the top 10 had median sale prices of over $1 million at the end of the financial year, underscoring Perth’s luxury market dominance over the list.

“Good-quality homes in desirable locations yield positive results for sellers in those areas.”

Five of these suburbs – Marmion, Gwelup, Mount Hawthorn, Fremantle and North Perth – entered the exercise with median selling prices below $1 million, but ended it by entering the over $1 bracket. million dollars, a feat that Mr. Collins described as “impressive.”

Mr Collins said the institute expects the state’s residential property market to remain strong, due to Western Australia’s ‘healthy economy, continued population and housing growth’ .

Perth’s 10 best performing suburbs for the financial year 2021-22 are:

  1. Marion:

Median home price June 21: $966,250

Median home price on June 22: $1.35 million

Percentage change: 39.7%

  1. North Beach

Median home price June 21: $1.03 million

Median home price on June 22: $1.402 million

Percentage change: 36.2%

  1. Gwelup:

Median home price June 21: $822,500

Median home price on June 22: $1.112 million

Percentage change: 35.2%

  1. Mont Aubépine:

Median home price June 21: $952,500

Median home price June 22: $1.265 million

Percentage change: 32.8%

  1. Forests:

Median home price June 21: $1.01 million

Median home price June 22: $1.317 million

Percentage change: 30.4%

  1. Fremantle:

Median home price June 21: $855,000

Median house price on June 22: $1.1 million

Percentage change: 28.7%

  1. Stoneville:

Median home price June 21: $490,000

Median home price June 22: $627,500

Percentage change: 28.1%

  1. North of Perth:

Median home price June 21: $900,000

Median house price on June 22: $1.15 million

Percentage change: 27.8%

  1. Mount Claremont:

Median house price on June 21: $1.4 million

Median home price on June 22: $1.785 million

Percentage change: 27.5%

  1. West Leederville:

Median home price on June 21: $1.125 million

Median home price June 22: $1.419 million

Percentage change: 26.1%

Perth’s 10 best performing suburbs for FY22



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Last update: July 08, 2022

Posted: July 09, 2022