Increase in million-dollar sales
to see again as the market recovers,” Mr Groves said.
Data also showed the number of Perth suburbs with a median house price equal to or above $1m had increased.
“There are 37 suburbs across the metro area with a median house price at or exceeding $1m, a notable increase on the 31 suburbs recorded at the same time last year,” Mr Groves said. “Demand in these suburbs has clearly strengthened.
“Data shows 25 of those 37 suburbs are selling faster than the overall Perth Metro region figure, which indicates buyers need to act quickly in these areas to ensure they don’t miss out.”
For the full list of suburbs with $1m median house prices, visit www.communitynews.com .au/real-estate.