20 Perth Suburbs Grow By 10% Or More This Year
The western capital’s property market is on its way to recovery.
The western capital’s property market is on its way to recovery.
As an indication of just how hot the property market is right now across Australia’s capitals; 20 Perth suburbs have recorded a median house sale price growth of 10% or more in 2021.
According to Real Estate Institute of Western Australia (REIWA) President Damian Collins, those figures have met or surpassed forecasting for 15% price growth in Perth by the end of the 2021 calendar year.
“A total of 20 suburbs have seen their median house sale price increase by 10 per cent or more since the start of the year.
“Bicton has experienced the strongest price growth in the first four months of the year, with its median house price increasing 20 per cent to $1.14 million between 31 December 2020 and 30 April 2021. This was followed by North Beach (up 17 per cent to $1.05 million), Sorrento (up 16 per cent to $1.118 million), and Applecross (up 15 per cent to $1.79 million),” Mr Collins said.
The data, courtesy of reiwa.com, reveals that growth suburbs come from both sides of the curve with nine suburbs beneath Perth median house sale price of $508,000 and 11 above – eight of those in the $1 million-plus price range.
“The recovery of the market is widespread across Greater Perth. Six to eight months ago it was mainly the higher end of the market showing strong growth, but now we are seeing movement across the board,” Mr Collins said.
See the full list of suburbs below:
| SUBURB | MEDIAN HOUSE SALE PRICE DEC 2020 | MEDIAN HOUSE SALE PRICE APR 2021 | PERCENTAGE CHANGE |
|---|---|---|---|
| 1. Bicton | $950,000 | $1.14 million | 20% |
| 2. North Beach | $900,000 | $1.05 million | 17% |
| 3. Sorrento | $960,000 | $1.118 million | 16% |
| 4. Applecross | $1.56 million | $1.79 million | 15% |
| 5. Claremont | $1.503 million | $1.7 million | 13% |
| 6. Medina | $230,000 | $260,000 | 13% |
| 7. Maddington | $283,500 | $320,000 | 13% |
| 8. Palmyra | $635,000 | $715,000 | 13% |
| 9. Coodanup | $292,550 | $329,000 | 12% |
| 10. Attadale | $1.165 million | $1.3 million | 12% |
| 11. Parmelia | $247,000 | $275,000 | 11% |
| 12. City Beach | $1.8 million | $2 million | 11% |
| 13. Wembley Downs | $975,000 | $1.08 million | 11% |
| 14. Como | $850,000 | $940,000 | 11% |
| 15. Darlington | $620,000 | $685,000 | 10% |
| 16. Orelia | $240,000 | $265,000 | 10% |
| 17. Redcliffe | $399,000 | $440,000 | 10% |
| 18. Bertram | $335,000 | $369,000 | 10% |
| 19. Brookdale | $252,000 | $277,500 | 10% |
| 20. Girrawheen | $300,000 | $330,000 | 10% |
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The imposing stone structures, with towers, turrets and a hot tub room, lord over the landscape near the mountain resort town of Sandpoint.
Idaho is not a place that’s often associated with Medieval castles, but a pair have just hit the market for $6.25 million.
The imposing stone structures have towers, turrets, ramparts, arrow-slit windows and even a drawbridge, and might just be the most authentic-looking castles this side of the Atlantic.
“Who expects to see a castle like this in Idaho?” said listing agent Brenda Burk of Coldwell Banker Schneidmiller Realty, who brought the property to the market last week. They are, she said, “extremely unusual.”
Schweitzer Castle and Château de Melusine, as they’re known, stand within Schweitzer Mountain Resort in the Selkirk Mountains and overlook the nearby mountain resort town of Sandpoint. They take in panoramic views of Lake Pend Oreille, Idaho’s largest lake.
The pair of ski-in/ski-out homes each have three bedrooms, two bathrooms and three stories, Burk explained. They are “so authentic,” she said. “Every single stone was handlaid.”
Schweitzer Castle, she said, wasn’t built for “functionality,” but has been modernized and adapted and now has everything a 21st-century residence requires, along with a dungeon, which for some buyers may also be a requisite.
The chateau, meanwhile, has a hot tub room with mountain views, as well as a garage.
The property is being sold furnished, and will come complete with the hand-carved statues, armor, mounted swords, stained-glass windows and a host of antiques dating to the 15th and 16th centuries.
The owner, an antique collector who couldn’t be reached for comment, “is always looking for that hidden jewel and he found that here,” Burk said.
The next custodian is likely to stem from a varied pool of buyers, Burk said, that would include “the trophy-home buyer, someone who can say ‘I own a castle.’”
The property could also appeal to someone looking for a vacation home, or a multi-generational estate, and beyond that “there’s the dreamers,” she said. “We definitely try to market to people who like Medieval history or maybe do Renaissance fairs.”
The seller “really wants it to go to someone with the same passion.”