News
Perth’s million dollar club reached 100 suburbs in 2024
A record 37 suburbs joined Perth’s million dollar club in 2024, taking the total number of suburbs with a median house sale price of $1 million to 100. REIWA CEO Cath Hart said strong price growth over 2024 was behind the significant increase. “In a typical year, only a handful of suburbs would see their median house sale price rise above $1 million,&rdqu...
Auctions set to regain popularity in 2025
With properties selling in record time recently, many sellers have overlooked the benefits of holding an auction. However, REIWA data suggests a shift could be on the horizon, with auctions expected to be back in the picture this year. The numbers: Auctions v private treaty sales Pre-COVID, the median time to sell a house was 51 days, but 29 days via auction. Fast forward t...
The top performing Perth suburbs of 2024
Perth’s property market had significant growth in 2024, with median sale prices for houses and units at record highs at the end of the year. REIWA CEO Cath Hart said 2024 saw the Perth market record some of the highest growth rates since the 2006-07 boom. “The median house sale price experienced the strongest annual growth since 2007, peaking at 24.8 per cent in...