Searching for a cheap rental property? Some of Perth's finest property and landmark views are in Dalkeith. 1. Fairhaven is a popular holiday destination, similar to the suburbs along the Mornington Peninsula. This article is a summary of 'Reiwa's list of Perth's most expensive suburbs' on PerthNow, Disclaimer | Privacy Policy / Terms & Conditions. Living closer to the beach seems to tempt tenants since it's too good an opportunity . Just as Sydney has its eastern suburbs, which dominate the list of the most expensive suburbs there, and Perth has its western suburbs, Melbourne has its leafy eastern suburbs. The charming suburb has always been known as one of Western Australias most exclusive grounds to live. Cottesloe is a thriving suburb both relaxed and vibing, attracting locals as far as Armadale and internationals as far as Europe, visiting one of Perths most stunning and beautiful beaches. This represents a 2% turnover. In the 12 months to July, 76 houses sold, with a median selling days of 41. Some of Perth's finest property and landmark views are in Dalkeith. The suburb is named Churchlands because the area was bought by the Catholic Church in 1891 from a local family. Churchlands is a much sought after suburb. like. With a median sale price of $1.53 million, Swanbourne is Perths sixth-most expensive suburb for houses. Claremont Kicking off the list is Claremont, with a median house price of $1.35 million. Home to 1,130 residents, it is located 104 kilometres from Melbourne. Searching for a cheap rental property? 19 houses were sold over the past year, representing a turnover of 4.2%. What counts as the best is subjective, but we recommend that you choose a suburb that ranks low in crime rates for your own safety and security. Its a great suburb for families, especially with the multiple independent schools and boarding schools in the area. The median house price currently stands at $3.88 million, with apartments at a median price of $800,000. During the 12 months to December 2019 there were 89 houses sold in City Beach with a median of 44 days to sell. 1. The tourist population adds to the price of living in the suburb, especially when it comes to properties by the beach. Its median house price dropped 2.7 per cent in the year to December 2019, taking the figure to $1.557 million, still making it Perths seventh most expensive to buy a house in. Nedlands is just 7km from the city centre. Just beside Claremont, this suburb is almost a twin of its neighbor. 448 houses were sold last year, along with 136 units, representing a 3.9% turnover. The beachfront is the most popular feature of the suburb and attracts tourists all year round. Dalkeith is home to some of Perths finest mansions and with a median house price of $2.28 million, its Perths second most expensive suburb. The average age of residents is 20-39 years old, with 36% of them families and 64% . Last but not least in the list of Perths most expensive suburbs is South Perth. Floreat also recorded the highest number of sales on this list, with 91 houses sold in the 12 months to July. The median unit price is $775,500. Its a suburb with rich food culture, especially when it comes to coffee. City Beach may be one of the most expensive suburbs in Perth, but with beachside living and multiple options for recreation, its an overall great place to live in. Prefer us not to? Theres always something for everyone. Coastal suburbs are generally safer than city suburbs, but the former has higher median house prices, and it will also be a bit farther from the Perth CBD. As we step up the luxury game, Mosman Park comes in at number 7 offering panoramic views of the Indian Ocean and the Swan River. Picture: realestate.com.au/buy 2. Rounding out the top five Perth suburbs is Nedlands, which recorded a 9.1 per cent increase to its median house sale price, taking the figure to $1.91 million. In the 12 months to August, 151 houses sold, making it the suburb with the most house sales on this list. The climate in Swanbourne is slightly different from the rest of Perth, with locals enjoying Mediterranean style climate thanks to the ocean sea breeze in summer. The worst affected suburbs were Melbourne's inner east where prices have plunged 15.4 per cent and Sydney's Ryde where they have dropped 15.1 Little Havana. Nedland's is Perths third-most expensive suburb for houses, with a median sale price of $1.75 million. During the 12 months to July, sellers in City Beach waited a median of 44 days to sell their house, with 49 houses sold during that time. Located on the Mornington Peninsula, 90 kilometres from Melbourne, Sorrento is a popular coastal suburb that is home to over 2,000 residents. Floreat is home to the Australian Athletics Stadium, the headquarters of Rugby WA and Floreat Oval. That's compared to the cheapest quarter of the market which has seen values fall only 0.5 per cent. Dalkeith is one of Perth's most affluent suburbs, reflected in the stunning heritage buildings and huge mansions that line the waterfront. WHETHER its for stunning views or a relaxed lifestyle, location is key when it comes to Perths most expensive suburbs. To help you find a good deal, we've ranked Australia's cheapest and most expensive suburbs by state and territory. The highest sale in the suburb over the past 12 months was $12,100,000. 1/49 Pearson Street. A house in Nedland's takes a median 26 days to sell, this shows property buyer demand and is also 16 days faster than any other Perth suburb. These are Perths best lifestyle suburbs: Riverside suburb East Perth is situated on the banks of the Swan River located directly east of the CBD an eight minute drive by car to the city centre, or a 12-minute commute using public transport. Named after its local peppermint trees, the suburb has historically been associated with WAs wealthy families and features historic homes such as St Just and The Cliffe. There are now 28 Perth suburbs with a median house price above $1 million, with the most expensive in the western suburbs where the average cost of home in Cottesloe and City Beach now tops more than $2 million, and in $3 million Dalkeith. The top 10 priciest suburbs outside of Sydney 1. "This southern coastal suburb, 46 kilometres from the CBD, has a low median house price of $315,000, with strong rental yields in excess of 5%. Located 66 kilometres from the Melbourne CBD, Merricks Beach has a median house price of $2,475,000. Brighton, located 11 kilometres southeast of the Melbourne CBD, is a popular beachside suburb, named after Brighton in the UK. But if youre seeking for a more novel activity, you can attend some of the events and shows in the Astor Theatre. reiwa.com data for the 12 months to July 2020 reveals Mt Claremont to be highly sought after by buyers. Picture: realestate.com.au/buy. This suburb is perfectly idyllic with a wonderful view of the Western Australian coastline. Despite being around for decades, exposed aggregate remains an incredibly popular concrete finish. Co-own a $4M luxury holiday home at Mermaid Beach or Pelican Waters now, for $400-$500k. Nedlands is an inner-western suburb of Perth with the major features being the University of Western Australia and some of the states finest medical facilities. We see Cottesloe as the third most expensive place to live with an average house price of $2.65 million. In the 12 months to December 2019 the median days it took to sell a house was 36, with 49 houses sold during that time. *filtered for suburbs with more than 28 houses sold during the 12 months to August 2021. We have finally reached Perths most expensive suburbs and of course it is at the tip of our golden triangle. Residents love the presence of the primary and high schools as well as the proximity to the central business districts. May 27, 2021 The Perth suburbs that have reached their highest median house sale price on record - REIWA The recovery of the Perth property market continues to gain momentum, with reiwa.com data revealing 20 suburbs have now reached their highest median house sale price on record. Further out from Perth, Mr Blakeley said Warnbro was a suburb which had seen huge demand and growth in the past year, which was set to continue through 2021. 116/181 Adelaide Terrace, East Perth. The suburb is known for its hobby and produce farms. Picture: realestate.com.au/buy. Crawley is adjacent to Kings Park, and offers 72% of residents close proximity to parklands and 76% of residents education facilities nearby. Whichever your choice may be, we chose suburbs that will allow you to be close to where you have to be while not being too far if you need to squeeze in a visit to the beach or going to the Perth CBD. Opt Out of personalisation. During that time, there were 63 house sales in the quiet costal suburb, which forms part of Perths exclusive Western Suburbs. Floreat Beach. Churchlands is located approximately 8km north-west of the Perth CBD and is only a 15minute drive into town. Best known as a relaxed beach style suburb, the median days to sell a house in Cottesloe was 60 with 94 houses sold in the 12 months to December 2019. Bellevue Hill is the most expensive suburb in Australia with a median house price of $6.625 million, and Vaucluse is not far behind with a median of $6.3 million. The suburb boasts a semi-rural lifestyle. PropTrack economists said the surge in immigration is contributing to the rental crisis, as most new arrivals are students. A real estate agent can streamline your search to the specific features you want in a place and work within your budget, regardless of whether youre looking for a place to rent or a house to buy. It is a popular tourist spot with views of not just the bay, but also of Melbourne. The highest price recorded was for a staggering $22,000,000. Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. If youre not lucky enough to snag a spot facing the city, you can still enjoy pleasant views within a 5 square kilometre area facing the great Swanny. Swanbourne comes next on our list of the most expensive suburbs in Perth. Sea and tree changers are still driving regional property prices up, but the peak is over, More young Aussies are under extreme housing stress than babyboomers, AHURI and UNSW study finds, Melbourne joined the million-dollar club last year, with Sydney, Melbourne asking house prices have remained steady, The Mornington Peninusla, inner and eastern suburbs dominate the list, Luxury Holiday Homes at a Fraction of the Cost. The median house rent has increased by 79% over the past year to $1,302 weekly. In next place is a nearby Mornington Peninsula suburb, Merricks North, with a median house price of $4,183,600. Well located with great public transport. Property in Vaucluse on average rose by more than 500 per cent between 1991 and 2021, with the median price of a dwelling today costing an eye-watering $8.6 million. Another prestigious western Perth suburb makes its mark on the list, with its location being one of its biggest selling point. The highest sale price during this time frame was for $7,580,000. The stunning views of Perth and Swan River make Nedlands highly popular, with 140 houses sold from August 2020 to 2021. Crime rates are essential to know when choosing a place to live in. Many borrowers will feel mortgage pain when they next refinance, Top 20 Most Expensive Suburbs in Melbourne, Get the latest real estate news delivered. When compared to the same time last year, Cottesloe recorded significant growth to its median house sale price, with the figure jumping 36 per cent. However, when looking at the median house price, it may be a surprise to find Toorak ranks just seventh. aussieproperty.com is committed to educating Australian property buyers on safe and prudent investment methods that are tax effective and aimed at long term success. Watsons Bay, another popular seaside suburb. 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