Top 10 Perth suburbs for sales growth

• Highest sales growth recorded was in Dayton at 141.3%
• The top ten were mostly under the $1M mark
• North Fremantle had median house sale price recorded at $1.271 million

The Real Estate Institute of Western Australia (REIWA) has released its list of top ten suburbs for sales growth across the 2021-2022 financial year, as suburb sales soar, some surpassing seven scores of growth

REIWA President Damian Collins said demand for property remained high, with overall sales up 19.8 per cent across Perth during the 2021-22 financial year.

“It’s been a solid year of sales for the Perth market, with a shortage of housing fuelling competition amongst buyers and resulting in strong sales turnover,” Mr Collins said.

Adjacent to the Swan Valley, the suburb of Dayton recorded the highest sales growth, up 141.3%. The suburbs also recorded a median house sale price of $447,500.

Second place went to North Fremantle, with sales growth up 125.9%. It was the only suburb to have a median over $1 million.

The list also featured a diverse set of suburbs across Perth’s north, south, and east.

“The jump in sales activity in these suburbs is significant, with over half seeing volumes double between the 2020-21 and 2021-22 financial years,” Mr Collins said.

“It’s pleasing to see such strong sales growth in the affordable end of the market. Increased activity in this price bracket suggests first home buyers are very active,” Mr Collins said.

“We are lucky in Western Australia that our housing market is still so affordable and that even as interest rates rise the dream of home ownership is still achievable for most people,”

The top ten suburbs for price growth 2021-2022 financial year

Source: REIWA.