Perth is one of the hottest real estate markets in Australia right now and is witnessing skyrocketing growth. Perth is home to several attractive suburbs which are finding innumerable takers at present. Homes in these suburbs are selling within a few weeks or even a month which indicates huge demand overall. Wembley is a coveted residential hotspot with 94 homes sold in 12 months till November 2018. The median home price here came down to $942, 500, indicating de-growth of 4.1%. The suburb is located in close proximity to Leederville and Subiaco offering good social infrastructure and other facilities nearby.
Palmyra is another suburb which is doing fantastically from a real estate perspective. The area has seen median home prices touching $600, 000 which indicates an increase of 0.1% till November with 96 units sold overall. Trigg is also popular with homebuyers and there are several lifestyle amenities located near this area. The median prices have slightly gone up by 0.7% to touch $1.16 million as per reports here. Kingsley is also doing well with median home prices at $549, 000 which is marginally lower as compared to November last year. However, Kingsley continues to draw buyers with its attractive social amenities and other infrastructure along with easy access to public transportation facilities and educational institutions.
Mt Hawthorn is another coveted residential hotspot where 105 units were sold till this November and the median home increased by 3% to roughly stand at $890, 000. The suburb offers a good lifestyle to residents and so does Leederville with a median price of $888, 000 and good sales volumes for housing units this year. Leederville offers a vibrant and flourishing community for homebuyers. Hamersley is another area which is doing very well. Here, median home prices have touched $533, 750, making it an affordable suburb for home seekers.
Nedlands is another major suburb which is part of the Western Suburbs and offers several lifestyle amenities to residents. The area has a median home price of $1.635 million which indicates an increase of 5.1%. Shenton Park is another prime residential suburb and is the highest selling suburb in Perth at present for homes. Median prices have already reached $1.146 million here and premier lifestyles on offer.
Floreat is another popular residential suburb in Perth with a median price of $1.35 million and growth of 4.7% in pricing. The area is located near major areas like Subiaco and West Leederville and offers ample infrastructure as well.
