Lath­lain top of list

Southern Gazette (South Perth) - - NEWS -

LATH­LAIN was the top Perth sub­urb for pos­i­tive an­nual house price growth for the year to May 2016, while the me­dian house price is $860,000, up 11 per cent.

REIWA Pres­i­dent Hay­den Groves said while the Perth prop­erty mar­ket had pre­sented its chal­lenges over the last two years, there were nu­mer­ous sub­urbs across the metropoli­tan area that had ex­pe­ri­enced sig­nif­i­cant an­nual me­dian house price growth dur­ing this time.

“The bulk of Perth’s house price growth was ex­pe­ri­enced in the cen­tral sub-re­gion, and there were some good per­form­ers in the north-west sub­re­gion as well,” he said.

“Pleas­ingly th­ese high growth sub­urbs are all in the trade-up sec­tor, rather than first home buyer ter­ri­tory.

“This shows that more home own­ers are recog­nis­ing there is plenty of op­por­tu­nity in the cur­rent real es­tate mar­ket to take their next step.”

Swan­bourne was sec­ond high­est with 9.3 per cent growth to its an­nual me­dian house price and South Fre­man­tle with 7.2 per cent growth.

Other sub­urbs in the top eight were South Fre­man­tle, Como, Ap­ple­cross, Church­lands, Burns Beach and Lands­dale.

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