Prices of SW housing beat market in metro area
Margaret River and Albany are outperforming Perth’s housing market as homebuyers look for value. New figures from CoreLogic shows the median house value in Albany has risen 2.2 per cent over the past year.
Across the Augusta-Margaret River area, house prices have improved 2 per cent during the past year and 15 per cent since 2013.
While Busselton house prices have edged down 3.4 per cent since late last year, they are still up 8.8 per cent over the past year.
The performance of the region is in contrast to Perth where values have fallen more than 15 per cent since 2013.
While Perth values are continuing to fall, in Mandurah they are holding their own to be up 0.7 per cent over the past 12 months.
One of the worst-hit parts of WA has been Karratha with values there down 63 per cent between 2012 and early last year.