Far north sells well
ALKIMOS and Jindalee are among several Perth suburbs to record higher sales numbers than they did during the 2014 “boom”, according to reiwa.com data.
There were 89 sales in Alkimos in the 12 months to January 2018, up from 40 in the year to January 2014 – an increase of 122.5 per cent.
Jindalee recorded a smaller 5.9 per cent increase, with sales numbers rising from 34 to 36 over the same period.
REIWA president Hayden Groves said while overall house sales volumes had declined in Perth since 2014, seven suburbs were bucking the trend.
“For some of the relatively newer suburbs on this list, population growth has played a role in their sales volumes improving,” he said.
“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.”
Reiwa.com data showed that as well as seeing an improvement in sales volumes, Trigg’s median house price increased, 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 ” 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.”
More real estate, page 15