september quarter 2016 market update - reiwa · perth housing and land market perth region...

September Quarter 2016

market updateQuarterly review of the WA residential property market

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2 MARKET UPDATE | SEPTEMBER QUARTER 2016

Contents REIWA MARKET UPDATE

WA Real Estate Indicators 3

Perth Housing and Land Market 4

Perth Overview 6

Perth Central Sub-Region 8

Perth North-West Sub-Region 16

Perth North East Sub-Region 20

Perth South East Sub-Region 24

Perth South West Sub-Region 28

Perth Rental Report 32

Dwellilng Sales Overview 34

Land Sales Overview 35

Regional WA Real Estate Report 36

Lifestyle Living Summary 46

Macro Growth Rates 50

Economic Overview 51Statistical Concepts and

House Price Measurement 51

Centre SpreadLift-out colour maps

Perth House PricesMedian prices of established house sales for 12 months to September 2016

Regional House PricesMedian prices of established house sales (land less than 1Ha) in major regional centres for12 months to September 2016

EDITOR & ANALYST Lisa Kazalac | Ronak Bhimjiani | Dillon Kanbi COVER PHOTO iStock: Dirk Tacke

PRODUCTION & DESIGN Jan Burt PRINTING Printforce CONTACT REIWA PO Box 8099, Subiaco East 6008 TEL (08) 9380 8222 FAX (08) 9380 8289

SUBSCRIPTION [email protected]

About the REIWA Market UpdateThe Market Update is a quarterly review of the property market in Western Australia and is published by the Real Estate Institute of WA.

While REIWA has full confidence in the data contained in this document, no warranty, guarantee or holding out, either expressed or implied is given and persons or companies who pursue real estate investment or otherwise and act on the basis of this data do so at their own risk.

Issue 102 | © REIWA 2016 | This publication is copyright. Only REIWA members may copy or reproduce any part of this publication without authorisation.

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SEPTEMBER QUARTER 2016 | MARKET UPDATE 3

Western Australia’s Consumer Sentiment Index has fallen a significant 14.2 per cent in September to 89.2 - the lowest level of the five major states. The decline comes on the back of solid improvements in consumer sentiment in August with WA consumers now concerned about current and near future economic conditions. Economic conditions over the next 12 months was the main reason for the consumer pessimism, although economic conditions over the next five years has seen a boost in confidence. Compared to consumer sentiment levels a year ago, Western Australia is up 2.0 per cent but remains the lowest amongst the states.

According to the latest figures from the Australian Bureau of Statistics (ABS), domestic demand in Western Australia fell 2.5 per cent in the June quarter to $49.6 billion, its lowest level since June quarter 2011 in seasonally adjusted terms. The main factor of the fall is the decline in private capital investment, which was down by 4.9 per cent to $39.2 billion. The good news is household consumption in the state is still growing at a moderate pace at $25.2 billion. Public capital investment also had its strongest quarter on record, up 7.4 per cent to $10.3 billion. State final demand excludes exports and imports, which is Western Australia’s main commodity in international trade, but remains the best representation of the state’s economy. Overall Australia’s economy increased 3.3 per cent at the end of the 2016 financial year, led by Australian Capital Territory (3.8 per cent) and Northern Territory (2.4 per cent).

REIWA MARKET UPDATE WA Real Estate Indicators

WA consumer sentiment moderates in September

WESTERN AUSTRALIA REAL ESTATE INDICATORS - SEPTEMBER QUARTER 2016September Qtr 2016

PreliminaryJune Qtr 2016

Revised% change from

previous quarter% change

from previous year

Median sale price 1Preliminary median house and unit prices and estimated sales volume for current quarter based on a dataset of approximately 70-75% of transactions for the quarter. Median house & land prices for sales less than 1 Ha. Land sales estimates based on approximately 50% of expected transactions for the quarter. Figures are therefore subject to revision.1 Median sales prices are

derived from Landgate sales information & includes sales on lots less than 1 Ha Dwelling Sales for current quarter based on assumption that analysis conducted on 70% sample of data. Land Sales for current & past quarters based on assumption that only ~50% of sales have settled. Due to pre-selling & settlement lags, - final Land Sales figures not available for up to 12 months. Average selling time and sales to listing ratio are taken from REIWA.COM.

2 Buyer type information from the Australian Bereau of Statistics

3 Rental market data from REIWA.COM and member surveys.

4 Building approvals data from the Australian Bureau of Statistics.

5 Finance approvals data from the Australian Bureau of Statistics - latest figure may average for last month of quarter.

6 Interest rate data from Reserve Bank.

7 CPI data from Australian Bureau of Statistics.

* Data as of 3 months to Aug 2016

Houses, Perth $510,000 $532,000 -4.1% -4.1%Houses, Regional WA $348,000 $350,000 -0.6% -7.2%

Units/apartments, Perth $425,000 $410,000 3.7% -1.2%Units/apartments, Regional WA $273,500 $300,000 -8.8% -13.2%

All Dwellings, Perth $495,000 $515,000 -3.9% -4.1%All Dwellings, Regional WA $340,000 $350,000 -2.9% -8.1%

Land, Perth $295,000 $259,500 13.7% 13.2%Land, Regional WA $170,000 $178,000 -4.5% 0.0%

Buyer type 2 (% of total dwellings sold in WA)First home buyer 20.1%* 19.9% 0.2% pts -2.0% ptsTrade-up Buyers 63.4% 61.5% 1.9% pts -2.8% pts

Investor 16.5%* 18.6% -2.1% pts 4.8% pts

Sales 1

Houses, WA 5,206 7,617 -31.7% -34.8%Units/apartments, WA 1,011 1,372 -26.3% -30.9%

Total dwellings WA 6,217 8,989 -30.8% -34.2%Land, WA 899 2,256 -60.2% -69.3%

Average selling days residential property, Perth 69 67 2 days 5 daysSales to listings ratio, Perth 38.7% 62.1% -23.4% pts -26.2% pts

Properties for sale (end of qtr), Perth 14,164 14,134 0.2% -4.9%

Rental Market 3 Vacancy rate, Perth 6.6% 6.0% 0.6% pts 1.0% pts

Median weekly rent $370 $380 -2.6% -7.5%

Construction 4

Building approvals, all dwellings WA 5,219* 5,220 0.0% -26.5%

Finance 5

Home loan approvals, WA (includes refinancing) 20,239* 19,019 6.4% 7.9%

Interest Rates 6 (at quarters end)Official Cash Rate 1.50% 1.75% -0.25% pts -0.5% pts

Standard Variable Bank Home Loan Rate 5.25% 5.40% -0.15% pts -0.2% pts

Consumer Price Index 7

Perth 108.6 108.2 0.4% 0.5%Weighted Average - Eight Capital Cities 109.4 108.6 0.7% 1.3%

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Index (no.) Consumer Sentiment Index, Western Australia v National

Western Australia National

Source: Westpac-Melbourne Institute

Index WA National

Current month Sep-16 89.2 101.4

Previous month Aug-16 103.9 101.0

Previous year Sep-15 87.5 93.9

Five years ago Sep-11 108.0 96.9

Month Change -14.1% 0.4%

Year Change 1.9% 8.0%

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4 MARKET UPDATE | JUNE QUARTER 2016

Perth Housing and Land Market PERTH REGION

Multi-residential Dwelling Market The preliminary sales volumes for the multi-residential market for the September quarter are showing sales at 881, compared to a revised June 2016 quarterly figure of 1,203. At the time of publication of the June edition of Market Update, sales volumes were only at 878. This demonstrates a further lift in volumes of around 37 per cent. It can be expected that sales in the multi-residential market will also lift once figures are revised in the next quarter.

The drop off in sales continues to exist for the sixth quarter running and has been on an overall downward trend since the early part of 2013. Sales have decreased in all but one of the sub-regions for the September quarter, with the largest decline coming from the North West sub-region, down approximately 36 per cent against revised June 2016 quarter results.

As was the case until June 2015, the multi-residential median price moved in a tight band of $440-$450,000. However, between the quarters ending March 2016 and June 2016, median prices showed signs of decreasing. For the latest quarter ending September 2016, preliminary multi-residential median prices have lifted by approximately four

per cent to $425,000. The revised June 2016 quarter median is slightly higher at $410,000 from the initially reported $405,500.

The larger Central sub-region has seen median prices increase by around five per cent this quarter. However, the greatest change in multi-residential median prices has occurred in the South East sub-region where the median price has climbed from $247,000 in June 2016 to $285,500 (preliminary September 2016 quarter).

Housing Market A decline in sales activity can be seen within the overall Perth Metro Region as sales turnover has dropped by 32 per cent in the September 2016 quarter compared to revised turnover for the June 2016 quarter. The latest preliminary data continues to show sales volumes retracing further away from the fifteen year long-term average. It is important to note however, that settlements take time to come through, and whilst volumes are low for the September quarter, it can be observed that revised June 2016 quarter data show an increase of approximately 40 per cent in sales activity on preliminary figures.

Looking at the Perth monthly sales chart which uses reiwa.com data (reported sales by REIWA members), it can be seen that sales volumes are continuing to trend downwards on a monthly basis since February 2016. The reiwa.com monthly sales data provides a leading indicator on sales volumes given the nature of the data being reported rather than settled.

Preliminary house sales data shows that all of the sub-regions are lower at the end of the September quarter compared to the June 2016 quarter. The drop-off in volume figures as a whole may be explained by the general sentiment of consumers towards the local economy as well as a recent shift in population trends, with net interstate migration trends reversing and net overseas migration declining from the peaks experienced in 2013.

In the June 2016 Market Update report, the preliminary house median was reported at $520,000, which, as more settlements filtered through, has now been revised to $532,000 on a quarterly basis. The preliminary median house price for the quarter ending September 2016 is $510,000, and it is expected that this will lift as further house sales transactions settle. From a sub-regional perspective,

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PERTH MONTHLY HOUSE SALES

House SalesMedian House Price

Source: reiwa.com (C)

all have experienced medians decreasing by between one and seven per cent on a quarterly basis. However, on an annual basis (which is more stable measure of the market), medians have fallen by varying amounts between 2.8 and 5.4 per cent.

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PERTH REGION Perth Housing and Land Market

Seller Sentiment - HousesIn the overall market for the Perth Metro region, the proportion of sellers discounting has decreased to 51.8 per cent during the September 2016 quarter, down 8.8 percentage points. However, when comparing to the same time last year, sellers’ discounting remains at similar levels. In terms of the size of the discount being offered in the market, for the Perth Metro region, on average sellers’ are discounting by 6.7 per cent, a marginal increase of 0.8 percentage points from the June 2016 quarter. This signals that there is still a strong level of competition in the market amongst sellers. In terms of the overall market sentiment for the September 2016 quarter, sentiment towards the market is still negative at the level of -4.0 per cent.

Listing Stock and Selling Days Total listings at the end of the September 2016 quarter were down to 14,170, a decrease of three per cent.

The Perth Metro region saw an increase in average selling days for houses, units and land (aggregated) at 68 days for the September 2016 quarter. Most sub-regions in the Perth Metro region saw an overall increase in average selling days over the quarter. However, on a positive note, the North East sub-region experienced a decrease of 3 days to sit at 69 days for the quarter.

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Listings - PMRAve Selling Days

FHOGBOOST

PERTH METRO REGION Source: reiwa.com

BUYERS' MARKET

SELLERS'MARKET

SELLERS'MARKET

BUYERS' MARKET

Land SalesPreliminary figures show land sales continuing to trend lower into the latest September 2016 quarter, which further prolongs the downward trend seen since March 2013. However, it is worth noting that it can take up to four quarters for settled land transactions to come through. For instance, revised figures for the June 2016 quarter came in approximately 127 per cent higher than what was reported in the June 2016 Market Update. This quarter, the preliminary sales for land is at 616.

As was reported in the previous four editions, the median land price continues to trend upwards, and in the case of the September 2016 quarter, the median price has lifted by another 13.7 per cent since the June 2016 quarter. As prices have remained somewhat consistently higher, with sales weakening, this market remains an interesting area to watch.

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Perth Overview PERTH REGION

6 MARKET UPDATE | JUNE QUARTER 2016

SUB-REGIONAL ANALYSISPERTH RESIDENTIAL MARKET YEAR TO SEPTEMBER 2016ANNUAL SALES, MEDIAN & QUARTILE PRICESSource: Landgate/REIWA

Data is for settled and pending sales data for the Year to June 2016 as at 24th October 2016 and may vary from other tables in this publication.Annual volumes are estimates based on 70% dwelling sales sample & 30-35% land sales sample for latest quarter. The Upper Quartile is the value of the bottom of the top 25% of the market - 25% of sales occurred above this price. The Median is the middle value of all sales placed in ascending order fom the cheapest to the most expensive. The Lower Quartile is the value of the top of the bottom 25% of the market - 25% of sales occurred below this price. 50% of sales fall within the values of the Upper and Lower Quartiles.

NORTH WEST

House Sales 4,292

Multi-Res Sales 214

Land Sales 1,257

Upper Quartile $650k $445k $340k

Median $520k $380k $258k

Lower Quartile $440k $340k $215k

Quarterly Change in Annual Median -1.0% -1.3% -0.8%

NORTH EAST

House Sales 2,555

Multi-Res Sales 130

Land Sales 1,031


Median $460k $340k $247k


Quarterly Change in Annual Median -1.1% n.c. -2.2%

PERTH METRO

House Sales 21,793

Multi-Res Sales 4,591

Land Sales 5,864


Median $530k $425k $265k


Quarterly Change in Annual Median -0.9% -0.7% 1.9%

CENTRAL

House Sales 8,861

Multi-Res Sales 3,758

Land Sales 932


Median $681k $455k $460k


Quarterly Change in Annual Median -1.3% n.c. 1.5%

SOUTH WEST

House Sales 3,400

Multi-Res Sales 382

Land Sales 1,441


Median $445k $350k $243k


Quarterly Change in Annual Median -1.1% 0.3% 1.3%

SOUTH EAST

House Sales 2,685

Multi-Res Sales 107

Land Sales 1,203


Median $435k $300k $240k


Quarterly Change in Annual Median -1.1% -3.2% n.c.

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PERTH REGION Perth Overview


PERTH METRO REGION

Year to June 2015

Year to June 2016

March Qtr 2016

June Qtr 2016

Sales% of total sales




HOUSE

Up to $200,000 28 0.1% 49 0.2% 15 0.2% 20 0.5%

$200 - $300,000 562 1.8% 475 1.7% 201 3.3% 173 4.3%

$300 - $350,000 1472 4.6% 1204 4.4% 344 5.7% 266 6.6%

$350 - $400,000 2431 7.6% 2317 8.5% 614 10.2% 435 10.7%

$400 - $450,000 3718 11.7% 3521 12.9% 724 12.1% 574 14.2%

$450 - $500,000 3850 12.1% 3248 11.9% 684 11.4% 487 12.0%

$500 - $550,000 3608 11.3% 2857 10.5% 612 10.2% 426 10.5%

$550 - $600,000 3035 9.5% 2388 8.8% 481 8.0% 283 7.0%

$600 - $650,000 2339 7.3% 1854 6.8% 404 6.7% 259 6.4%

$650 - $700,000 1737 5.5% 1524 5.6% 296 4.9% 201 5.0%

$700 - $800,000 2592 8.1% 2268 8.3% 449 7.5% 303 7.5%

$800 - $900,000 1927 6.1% 1623 6.0% 336 5.6% 194 4.8%

$900 - $1 million 1123 3.5% 920 3.4% 169 2.8% 102 2.5%

$1 - $1.5 million 2251 7.1% 1998 7.3% 446 7.4% 233 5.8%

Over $1.5 million 1155 3.6% 965 3.5% 229 3.8% 94 2.3%

UNIT

Up to $200,000 62 0.8% 54 0.9% 31 2.6% 21 2.4%

$200 - $250,000 224 3.0% 220 3.7% 61 5.1% 40 4.5%

$250 - $300,000 511 6.7% 426 7.2% 102 8.5% 74 8.4%

$300 - $350,000 824 10.9% 768 13.0% 172 14.3% 106 12.0%

$350 - $400,000 1039 13.7% 813 13.7% 204 17.0% 126 14.3%

$400 - $450,000 1123 14.8% 931 15.7% 144 12.0% 129 14.6%

$450 - $500,000 867 11.4% 605 10.2% 109 9.1% 78 8.9%

$500 - $550,000 708 9.3% 484 8.2% 87 7.2% 69 7.8%

$550 - $600,000 556 7.3% 352 5.9% 62 5.2% 56 6.4%

$600 - $700,000 672 8.9% 506 8.5% 84 7.0% 70 7.9%

$700 - $850,000 473 6.2% 329 5.6% 55 4.6% 56 6.4%

$850 - $1 million 207 2.7% 159 2.7% 29 2.4% 21 2.4%

Over $1 million 313 4.1% 276 4.7% 63 5.2% 35 4.0%

VACANT LAND

Up to $150,000 433 3.0% 138 1.4% 41 2.4% 16 2.6%

$150 - $175,000 1033 7.2% 496 5.0% 101 6.0% 25 4.0%

$175 - $200,000 1606 11.2% 1049 10.6% 219 13.0% 61 9.8%

$200 - $225,000 1948 13.5% 1344 13.5% 206 12.2% 59 9.5%

$225 - $250,000 2006 13.9% 1237 12.5% 211 12.5% 56 9.0%

$250 - $275,000 1525 10.6% 1223 12.3% 172 10.2% 49 7.9%

$275 - $300,000 1280 8.9% 1056 10.6% 154 9.2% 66 10.6%

$300 - $350,000 1666 11.6% 1345 13.6% 194 11.5% 74 11.9%

$350 - $400,000 952 6.6% 652 6.6% 95 5.6% 55 8.8%

$400 - $500,000 871 6.1% 502 5.1% 110 6.5% 65 10.4%

$500 - $750,000 728 5.1% 629 6.3% 120 7.1% 73 11.7%

$750 - $1 million 158 1.1% 128 1.3% 22 1.3% 15 2.4%

Over $1 million 185 1.3% 120 1.2% 38 2.3% 10 1.6%

Analysis includes all sales transactions including houses and land on lots > 1 Ha

RESIDENTIAL REAL ESTATE SALES BY PRICE RANGE SEPTEMBER QUARTER 2016Source : Landgate/REIWA

Housing MarketThe preliminary median house price for the September 2016 quarter is $510,000, with the majority of house sales for the quarter sitting within the price range of $400-$500,000. In comparison to the June 2016 quarter, the percentage of transactions within the higher price ranges of $800,000 to greater than $1.5 million are at lower levels for the latest quarter. The $550-$650,000 price range also observed a marginal decline in percentage of sales transactions in comparison to the June 2016 quarter. On the other hand, a greater number of transactions are evident in the lower priced market ($200-$550,000).The higher transactions at the lower end of the market explains the decline of 4.1 per cent in the preliminary median house price for the September quarter.

Land Sales There continues to be a clear positive shift in the percentage of land sales between the $275,000 - $1 Million price ranges. The chart also indicates softening in most of the markets below $275,000. The shift in sales towards the higher end of the market explains the 13.7 per cent increase in the preliminary median land price for the September 2016 quarter.

Multi-residential MarketThe preliminary median unit price is $425,000 for the latest quarter ending September 2016. During this latest quarter, the $400-$450,000 price range saw the most action in terms of sales. On the other hand, during the June 2016 quarter, most sales occurred within the $350-$400,000 price range. The higher end of the market ($500-850,000) also recorded an increase in percentage sales activity in comparison to the June 2016 quarter. In contrast, the lower end of the market below $400,000 recorded a decrease in percentage sales activity in the September 2016 quarter compared to the June 2016 quarter. This explains the improvement of 3.6 per cent in the preliminary median unit price for the September 2016 quarter.SAMPLE

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Housing MarketPreliminary data for the September 2016 quarter, show early indications the volume of house sales in the Central sub-region is down by approximately 34 per cent in comparison to the previous quarter. Whilst this decline is more than the June 2016 quarter, REIWA expects revised September quarter data to lift in coming months as more transactions settle. The preliminary figures shows sub-markets including Western Suburbs (down 48 per cent), Vincent/Stirling SE (down 47 per cent), Belmont (down 41 per cent), Stirling West (down 33 per cent), Fremantle (down 32 per cent) and South Perth/Victoria Park (down 32 per cent), all experienced falls in the number of sales by greater than 30 per cent for the September quarter.

Preliminary data has the overall Central sub-region quarterly median for the September quarter down by 6.5 per cent to $645,000 over the revised June quarter median of $690,000. At a sub-market level, the preliminary medians were mixed across the board with drops ranging from -1.9 per cent in Bassendean/Bayswater to -12.8 per cent in South Perth/Victoria Park. The better performing sub-market included: Canning (-0.5 per cent), Stirling West (-2.4 per cent), Belmont (-3.0 per cent) and Melville (-3.9 per cent).

In terms of the change in annual medians, all sub-markets in the Central sub-region have recorded a negative change, with drops recorded from -2.7 per cent in the Western Suburbs to -12.8 per cent in Perth City sub-market. There are a few suburbs in the sub-region that shone a positive light including: Burswood (+16.7 per cent), Swanbourne (+14.8 per cent) and Trigg (+12.9 per cent).

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Source: Landgate/REIWAPERTH CENTRAL SUB-REGION

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TOP 10 SUBURBS BY QUARTERLY CHANGE IN PRICE Source: Landgate/REIWA

CENTRAL

Year to September 2016 Quarterly Change

in Annual Median %

House Sales

Median Price Highest Price

Riverton 64 $690,000 $1,900,000 8.9%

Attadale 74 $1,066,250 $4,130,000 7.4%

Bentley 51 $550,000 $750,000 5.3%

East Cannington 67 $520,000 $980,000 4.0%

Alfred Cove 44 $884,000 $1,730,000 3.5%

Woodlands 46 $875,000 $2,100,000 2.9%

Fremantle 62 $846,500 $2,050,000 2.9%

Wilson 81 $550,000 $988,000 2.8%

South Perth 73 $1,225,000 $4,300,000 2.1%

Ascot 31 $770,000 $1,850,000 2.0%

Excludes suburbs with less than 30 sales for the year & dwellings on lots greater than 1 Ha.

The suburbs with the greatest decline in annual change in annual medians include: O’Connor (-28.0 per cent), Waterford (-25.5 per cent), Coolbinia (-19.0 per cent) and Joondanna (-18.0 per cent).

The top three performing suburbs based on quarterly change in annual median include: Riverton (+8.9 per cent) with a median of $690,000, Attadale (+7.4 per cent) with a median of $1,066,250 and Bentley (+5.3 per cent) with a median of $550,000.

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PERTH REGION Central Sub-Region

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Listing Stock and Selling DaysThe overall stock of house listings in the Central sub-region declined in the September 2016 quarter by 2.1 per cent to 2,573. The middle sub-region contributed the most to the drop in house listings, decreasing by 2.3 per cent over the quarter. The Perth Metro region also saw a decline in house listings but by a smaller magnitude of 0.6 per cent for the quarter.

Average selling days for houses increased in the Central sub-region by three days to 63 days for the quarter and is seven days higher than last year. The only sub-market to record a reduction in average selling days was Canning which now only takes 53 days to sell a house. The Perth Metro Region saw an increase in days on market to 68 days for the quarter.

STOCK OF HOUSE LISTINGS & SELLING DAYS SEPTEMBER QUARTER 2016

SUB-MARKETS & SUBURBSListings at Sept

Quarter 2016House Listings

Quarterly Change

Annual Change

Average Selling Days (p)

Quarterly Change

Annual Change

Inner 1,971 728 -1.5% -13.9% 62 0 2Fremantle 261 121 -6.2% -14.8% 61 -12 5Perth City 473 41 5.1% -10.9% 42 -36 -29

South Perth/Victoria Park 573 257 2.8% -3.0% 68 2 4Vincent 146 51 24.4% -1.9% 53 -2 3

Western Suburbs 518 258 -7.9% -24.3% 62 7 3Middle 3,304 1,845 -2.3% -1.0% 64 4 9

Bassendean/Bayswater 523 297 -2.3% -7.8% 61 3 13Belmont 358 149 -15.3% -5.1% 70 11 12Canning 446 289 -2.7% 5.5% 53 -6 6Melville 558 399 -4.3% -5.9% 73 9 13

Stirling East 821 440 10.0% 7.8% 66 4 6Stirling SE 132 60 7.1% -14.3% 68 3 10Stirling West 466 211 -11.3% 1.0% 59 7 3

Central Sub-Region 5,275 2,573 -2.1% -5.1% 63 3 7Perth Metro Region 14,170 8,649 -0.6% -6.5% 68 3 5

Source: reiwa.com

SUBMARKETS

September Quarter 2016 June Quarter 2016 September Quarter 2015Overall Market

Variance Listing vs Sold

Price

Proportion of Vendors

Discounting

Listing & Sold Price Variance for Discounting

Vendors

Overall Market Variance

Listing vs Sold Price


Discounting

Listing & Sold Price Variance

for Discounting Vendors




Discounting

Listing & Sold Price Variance for Discounting

Vendors

Central Sub-Region -4.5% 45.3% -7.2% -4.8% 34.8% -7.8% -4.0% 49.0% -6.6%Bassendean/Bayswater -3.5% 53.8% -6.4% -3.6% 58.9% -6.4% -4.0% 46.3% -5.6%

Belmont -4.0% 47.0% -7.4% -3.2% 49.2% -6.0% -4.9% 44.7% -8.3%Canning -3.7% 51.9% -6.2% -4.3% 56.0% -6.7% -3.6% 48.4% -5.5%

Fremantle -3.1% 41.1% -6.0% -3.6% 47.0% -7.3% -3.9% 38.5% -4.5%Melville -4.6% 50.8% -7.9% -5.2% 58.9% -7.2% -3.9% 56.7% -5.9%

Perth City -4.2% 30.0% -4.7% -6.6% 34.8% -10.5% -4.1% 73.9% -5.0%South Perth/Victoria Park -4.6% 39.2% -7.4% -4.5% 47.3% -8.4% -4.1% 51.1% -7.9%

Stirling East -3.6% 51.6% -7.0% -3.6% 52.9% -6.8% -3.6% 56.1% -6.2%Stirling West -3.8% 42.9% -5.5% -4.5% 34.8% -6.5% -3.5% 42.0% -5.7%

Vincent/Stirling SE -3.7% 34.0% -6.0% -3.9% 52.2% -5.6% -4.1% 48.0% -7.4%Western Suburbs -6.5% 33.5% -9.0% -4.8% 34.8% -7.8% -4.9% 44.2% -8.4%Perth Metro Region -4.0% 51.8% -6.7% -3.1% 60.6% -5.9% -3.6% 52.7% -6.1%

SELLER SENTIMENT: HOUSES SEPTEMBER QUARTER 2016 Source: reiwa.com

Seller Sentiment - HousesThe proportion of sellers discounting in the Central sub-region house market has increased again in the September quarter with 45.3 per cent of sellers discounting compared to 34.8 per cent in June quarter (revised) 2016. The sub-markets with the most sellers discounting in the September quarter are Bassendean/Bayswater at 53.8 per cent and Canning at 51.9 per cent. In the Perth Metro Region, the number of sellers discounting has declined to 51.8 per cent from 60.6 per cent (revised) June quarter 2016.

The discount offered by sellers in the Central sub-region is 7.2 per cent for the September quarter, declining from 7.8 per cent in the June 2016 quarter. So whilst there has been an increase in the proportion of sellers discounting, the discount offered has reduced. This may signal, sellers are meeting the market at the time of listing and not having to adjust their prices significantly in order to sell.

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MEDIAN PRICE OF ESTABLISHED HOUSE SALES - PERTH CENTRAL SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

SUB-MARKETS& SUBURBS

Year to September 2016 %Change Quarterly Sales Price

House Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price

Quarterly Change Annual

Median %

Annual Change Annual

Median %

September Qtr 2015

June Qtr 2016 September Qtr 2016 (P)

Prelim Qtly

Change

June Qtr 2016

Sales

Sept Qtr 2016

Sales

House Rent per

week

House Average Selling Days

Central Sub-Region 8,835 $515,000 $681,000 $940,000 $14,130,000 -1.3% -5.4% $685,000 $690,000 $645,000 -6.5% 2,429 1,598 $420 63Bassendean/Bayswater 1,010 $480,000 $550,000 $640,000 $2,550,000 -1.5% -8.3% $589,404 $550,000 $539,500 -1.9% 284 192 $395 61

Ashfield 18 $480,000 $500,000 $547,000 $850,000 0.0% 0.0% $526,250 $536,000 $530,000 -1.1% 8 3 $320 19Bassendean 160 $460,000 $515,000 $595,000 $1,500,000 -2.7% -11.2% $580,000 $490,000 $535,000 9.2% 36 25 $380 43

Bayswater 203 $529,500 $600,000 $680,000 $1,245,000 -3.2% -6.3% $670,000 $597,500 $560,000 -6.3% 66 37 $420 55Bedford 70 $530,000 $636,000 $750,000 $1,050,000 -0.2% -2.9% $629,500 $662,500 $579,995 -12.5% 16 14 $370 57

Eden Hill 40 $400,000 $434,750 $485,000 $736,500 -1.2% -8.5% $479,500 $428,750 $450,000 5.0% 12 9 $380 67Embleton 56 $447,500 $506,250 $555,000 $670,000 -0.3% -10.4% $508,000 $520,000 $527,500 1.4% 15 12 $400 61Maylands 95 $548,500 $652,500 $775,000 $2,550,000 -3.2% -6.8% $673,000 $702,500 $601,000 -14.4% 26 17 $400 52

Morley 293 $464,500 $522,500 $580,000 $780,000 -1.4% -6.7% $535,000 $532,500 $520,000 -2.3% 88 59 $390 80Noranda 75 $507,500 $590,000 $638,250 $765,000 -2.5% -6.3% $615,000 $580,000 $560,000 -3.4% 17 16 $420 44

Belmont 501 $440,000 $507,000 $615,000 $1,850,000 -2.5% -7.8% $541,000 $495,000 $480,000 -3.0% 151 89 $360 70Ascot 31 $519,000 $770,000 $930,000 $1,850,000 2.0% -4.3% $695,000 $816,550 $770,000 -5.7% 8 5 $418 79

Belmont 83 $423,500 $485,000 $595,000 $1,008,000 -2.0% -9.3% $519,000 $445,000 $473,750 6.5% 21 14 $360 55Cloverdale 122 $438,000 $480,000 $540,000 $980,000 -3.7% -7.7% $507,500 $496,000 $455,000 -8.3% 38 31 $350 82

Kewdale 90 $455,000 $510,000 $600,000 $950,000 1.0% 1.6% $501,250 $532,000 $506,250 -4.8% 29 14 $360 53Redcliffe 87 $380,000 $473,500 $592,500 $990,000 -5.3% -5.3% $540,000 $423,750 $455,000 7.4% 26 11 $348 79

Rivervale 88 $500,000 $592,500 $668,000 $1,352,500 0.4% -3.7% $561,500 $559,000 $590,000 5.5% 29 14 $397 66

Canning 944 $455,000 $550,000 $692,500 $2,900,000 -0.5% -3.9% $563,000 $552,500 $550,000 -0.5% 256 181 $380 53Bentley 51 $472,750 $550,000 $617,500 $750,000 5.3% 3.3% $498,000 $585,000 $505,000 -13.7% 10 13 $375 62

Cannington 58 $390,000 $430,000 $486,000 $975,000 -1.1% -10.4% $460,000 $430,000 $429,000 -0.2% 21 9 $350 48East Cannington 67 $432,500 $520,000 $610,000 $980,000 4.0% 1.5% $463,000 $511,000 $455,000 -11.0% 18 18 $380 55

Ferndale 54 $420,000 $465,000 $520,000 $625,000 -2.1% -3.9% $500,000 $490,000 $475,000 -3.1% 18 11 $325 45Lynwood 58 $420,000 $450,000 $470,000 $520,000 -0.4% -8.3% $470,000 $450,000 $432,500 -3.9% 17 12 $360 43

Parkwood 70 $400,000 $480,000 $562,000 $760,000 -4.2% -5.9% $524,500 $515,000 $472,500 -8.3% 20 12 $380 47Queens Park 84 $434,500 $467,500 $532,500 $1,100,000 1.0% -2.5% $455,000 $468,000 $489,000 4.5% 21 12 $373 44

Riverton 64 $555,000 $690,000 $778,000 $1,900,000 8.9% 1.8% $618,500 $652,000 $702,500 7.7% 19 14 $370 59Rossmoyne 31 $893,500 $1,140,000 $1,311,500 $2,900,000 -0.5% 0.4% $1,110,000 $1,305,000 $980,000 -24.9% 7 7 $475 53

Shelley 41 $630,000 $825,000 $1,002,500 $2,850,000 -5.5% -4.1% $885,000 $845,000 $704,500 -16.6% 13 10 $390 57St James 74 $455,000 $537,500 $620,000 $1,300,000 -3.2% -9.8% $610,000 $517,500 $535,000 3.4% 17 11 $375 70Willetton 211 $623,700 $700,000 $781,500 $1,180,000 0.0% -4.1% $710,000 $661,000 $739,444 11.9% 57 34 $420 50

Wilson 81 $440,000 $550,000 $640,500 $988,000 2.8% -5.6% $530,000 $612,500 $543,000 -11.3% 18 18 $383 57Fremantle 398 $584,000 $742,500 $1,000,000 $3,070,000 -1.0% -7.2% $760,000 $727,500 $697,500 -4.1% 114 78 $495 61

Beaconsfield 75 $620,000 $705,000 $838,500 $1,600,000 -2.1% -8.4% $795,000 $727,500 $700,000 -3.8% 24 16 $425 57East Fremantle 68 $821,500 $1,085,000 $1,385,000 $3,070,000 -5.7% -10.5% $1,220,000 $1,120,000 $1,060,000 -5.4% 16 13 $563 68

Fremantle 62 $675,000 $846,500 $950,000 $2,050,000 2.9% 5.5% $786,250 $847,500 $787,500 -7.1% 18 8 $495 69Hilton 71 $510,000 $549,500 $605,000 $770,000 -0.1% -4.4% $560,000 $535,000 $541,500 1.2% 23 16 $350 76

North Fremantle 25 $789,500 $975,000 $1,362,500 $2,600,000 0.8% -4.9% $750,000 $960,000 $960,000 0.0% 7 1 $650 59O'Connor 5 $460,000 $475,000 $582,500 $615,000 -7.3% -28.0% $397,500 1 $335 214

Samson 15 $503,500 $566,000 $647,500 $715,000 -8.7% -16.1% $690,500 $620,000 $560,000 -9.7% 3 4 20South Fremantle 38 $780,000 $1,035,000 $1,290,000 $1,750,000 -0.5% 3.9% $1,150,000 $1,045,000 $1,015,000 -2.9% 12 8 $560 57

White Gum Valley 39 $625,000 $700,000 $830,000 $1,200,000 -1.4% -3.4% $702,500 $725,000 $675,000 -6.9% 11 11 $550 33

Melville 1,182 $640,000 $780,000 $995,000 $6,800,000 0.0% -4.3% $760,000 $775,000 $745,000 -3.9% 291 211 $450 73Alfred Cove 44 $675,000 $884,000 $1,075,000 $1,730,000 3.5% 4.0% $712,500 $675,000 $675,000 0.0% 9 5 $600 55Applecross 79 $1,020,000 $1,490,000 $2,137,500 $6,800,000 -0.7% 7.2% $1,407,500 $1,175,000 $1,265,000 7.7% 16 16 $597 102

Ardross 77 $802,000 $960,000 $1,232,500 $2,075,000 -8.6% -0.7% $1,132,500 $1,070,000 $900,000 -15.9% 17 14 $535 70Attadale 74 $772,500 $1,066,250 $1,384,000 $4,130,000 7.4% 4.0% $850,000 $980,000 $1,195,000 21.9% 21 7 $550 69

Bateman 35 $710,000 $778,000 $826,500 $1,270,000 0.0% -4.6% $750,000 $740,000 $710,000 -4.1% 9 5 $450 39Bicton 56 $725,000 $915,000 $1,412,500 $3,500,000 -3.7% -8.3% $965,500 $952,500 $807,500 -15.2% 14 6 $398 49

Booragoon 80 $747,500 $880,500 $988,000 $1,600,000 1.8% 0.5% $807,500 $895,000 $875,000 -2.2% 28 15 $495 37Brentwood 16 $559,500 $684,500 $886,000 $1,200,000 -0.8% 2.9% $650,000 $780,000 $620,000 -20.5% 4 3 $373 28Bull Creek 65 $645,000 $750,000 $870,000 $1,450,000 0.0% -0.7% $683,000 $760,000 $685,500 -9.8% 13 12 $400 70Kardinya 95 $582,500 $653,000 $733,500 $1,200,000 0.2% -4.1% $589,000 $670,000 $607,500 -9.3% 21 20 $400 73Leeming 110 $620,000 $699,000 $780,000 $1,125,000 -0.1% -6.0% $710,000 $722,500 $738,000 2.1% 24 27 $425 85Melville 90 $690,000 $785,000 $900,000 $2,500,000 0.0% -1.9% $760,000 $785,000 $770,000 -1.9% 27 13 $470 85

Mount Pleasant 74 $855,000 $1,128,250 $1,700,000 $5,500,000 -2.7% -1.0% $1,195,000 $1,172,000 $1,110,000 -5.3% 18 15 $480 110Murdoch 24 $649,000 $765,000 $802,500 $950,000 0.0% -0.6% $655,000 $765,000 $760,000 -0.7% 9 5 $290 78

Myaree 26 $635,000 $684,250 $770,000 $1,125,000 -4.4% -9.4% $740,000 $680,000 $640,000 -5.9% 5 5 $438 27Palmyra 102 $545,000 $660,000 $795,000 $1,200,000 -7.0% -7.7% $702,500 $703,500 $650,000 -7.6% 22 21 $405 57Willagee 82 $500,000 $560,000 $630,000 $870,000 -1.5% -8.2% $586,250 $555,000 $548,000 -1.3% 20 13 $380 66

Winthrop 53 $781,500 $850,000 $1,007,500 $1,900,000 0.0% -2.0% $827,500 $865,000 $800,000 -7.5% 14 9 $565 105

Perth City 52 $660,000 $806,250 $980,000 $2,665,000 3.7% -12.8% $770,000 $632,000 $830,000 31.3% 13 11 $438 42East Perth 10 $1,100,000 $1,395,000 $1,800,000 $2,665,000 8.6% 3.7% $1,175,000 $1,800,000 3 $450 41

Perth 30 $665,000 $777,500 $880,000 $1,090,000 1.6% -12.6% $855,000 $710,000 $830,000 16.9% 9 7 $450 40West Perth 12 $538,500 $696,500 $847,500 $1,075,000 1.2% -4.3% $707,000 $538,500 $725,000 34.6% 4 1 $410 15

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MEDIAN PRICE OF ESTABLISHED HOUSE SALES - PERTH CENTRAL SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

Excludes suburbs with less than 5 sales for the year & dwellings on lots greater than 1 Ha. All figures are preliminary for up to 4 months after end of quarter.© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright



House Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %


Median %

September Qtr 2015

June Qtr 2016 September Qtr 2016 (P)

Prelim Qtly

Change

June Qtr 2016

Sales

Sept Qtr 2016

Sales

House Rent per

week


South Perth/Victoria Park 724 $601,750 $764,500 $960,000 $4,300,000 -2.0% -2.8% $790,000 $782,500 $682,500 -12.8% 200 137 $400 68Burswood 17 $741,500 $1,050,000 $1,420,000 $1,700,000 -7.1% 16.7% $1,235,500 $1,130,000 $962,500 -14.8% 3 4 $450 68

Carlisle 103 $450,000 $530,000 $600,000 $900,000 -1.9% -9.0% $594,250 $445,000 $547,500 23.0% 28 28 $390 58Como 123 $740,000 $855,000 $1,117,500 $1,900,000 -4.5% -8.1% $965,000 $835,000 $802,500 -3.9% 33 22 $428 51

East Victoria Park 131 $566,000 $647,500 $777,500 $1,215,000 -0.4% -0.5% $652,000 $643,750 $645,000 0.2% 34 20 $380 82Karawara 9 $775,000 $810,000 $958,750 $967,500 -0.2% 5.2% $1,275,000 $812,000 $800,000 -1.5% 1 3 $395 82

Kensington 58 $750,000 $855,000 $955,000 $1,385,000 0.0% -2.0% $812,500 $860,000 $855,000 -0.6% 20 9 $475 100Lathlain 34 $570,000 $717,500 $905,000 $1,030,000 -16.1% -13.6% $900,000 $760,000 $601,000 -20.9% 8 9 $445 85

Manning 58 $650,000 $790,000 $950,000 $1,350,000 -1.3% -8.0% $730,000 $820,500 $567,500 -30.8% 18 6 $550 31Salter Point 36 $890,000 $1,015,000 $1,325,000 $2,060,000 -1.5% -9.8% $1,125,000 $960,000 $1,060,000 10.4% 9 4 $648 53South Perth 73 $949,000 $1,225,000 $1,587,500 $4,300,000 2.1% -2.0% $1,250,000 $1,120,000 $1,427,500 27.5% 25 10 $495 80

Victoria Park 52 $567,500 $652,500 $753,750 $1,550,000 -2.6% -6.5% $709,000 $642,500 $620,000 -3.5% 14 9 $390 37Waterford 30 $705,000 $845,750 $1,090,000 $1,700,000 -16.6% -25.5% $1,380,000 $842,500 $705,000 -16.3% 7 13 $455 97

Stirling East 1,499 $410,000 $493,800 $645,000 $1,650,000 -1.2% -3.2% $500,000 $512,500 $466,000 -9.1% 388 278 $350 66Balcatta 129 $450,000 $540,000 $615,000 $1,030,000 -1.8% -1.5% $570,000 $567,500 $550,000 -3.1% 24 27 $380 71

Balga 260 $356,000 $385,000 $417,000 $550,000 -1.3% -6.1% $405,000 $377,500 $360,000 -4.6% 57 42 $325 70Dianella 259 $510,000 $620,000 $755,000 $1,610,000 0.0% -6.1% $615,000 $645,000 $595,000 -7.8% 76 48 $350 70

Glendalough 7 $509,000 $535,000 $625,000 $670,000 -4.5% 3.5% $578,500 $655,000 $535,000 -18.3% 1 3 $308 20Hamersley 86 $499,000 $549,500 $615,000 $901,000 -0.5% -2.7% $563,500 $535,000 $512,000 -4.3% 25 10 $370 47Joondanna 49 $550,000 $660,000 $821,944 $1,155,000 -5.7% -18.0% $850,000 $655,000 $535,000 -18.3% 16 10 $398 121Mirrabooka 60 $395,000 $415,000 $437,500 $530,000 -2.4% -3.5% $430,000 $417,500 $372,000 -10.9% 20 11 $355 39Nollamara 190 $411,000 $440,000 $480,000 $780,000 -2.2% -5.4% $460,000 $429,000 $433,194 1.0% 44 44 $360 71

Osborne Park 19 $450,000 $515,000 $666,000 $1,000,000 -1.9% -7.2% $546,000 $448,750 $505,000 12.5% 2 4 $400 52Stirling 112 $644,000 $817,500 $972,500 $1,650,000 1.7% 2.2% $737,500 $817,500 $741,000 -9.4% 34 20 $508 63

Tuart Hill 58 $500,000 $573,000 $643,000 $1,000,000 -1.8% -5.3% $620,000 $576,000 $532,500 -7.6% 17 9 $380 54Westminster 117 $392,500 $429,000 $468,000 $650,000 -2.1% -4.2% $454,500 $420,000 $400,000 -4.8% 37 26 $340 77

Yokine 153 $525,000 $655,000 $750,000 $1,500,000 0.0% -2.7% $716,250 $623,000 $667,500 7.1% 35 24 $450 60

Stirling West 983 $637,500 $775,000 $966,500 $6,125,000 -0.6% -4.6% $777,500 $780,000 $761,000 -2.4% 268 180 $480 59Carine 71 $662,500 $785,000 $850,000 $1,200,000 1.0% 0.6% $827,500 $792,500 $850,000 7.3% 16 16 $400 72

Churchlands 35 $1,185,000 $1,370,000 $1,495,000 $1,980,000 -0.9% 3.8% $1,485,000 $1,300,000 $1,482,500 14.0% 9 4 $750 39Doubleview 139 $587,000 $717,000 $810,000 $2,300,000 -0.4% -6.9% $740,000 $745,000 $705,000 -5.4% 43 31 $473 52

Gwelup 53 $755,000 $835,000 $955,000 $1,500,000 0.0% -2.7% $830,000 $815,000 $775,000 -4.9% 14 6 $675 69Innaloo 146 $515,000 $569,500 $660,000 $968,000 -3.5% -7.4% $605,000 $634,000 $553,500 -12.7% 39 30 $450 62

Karrinyup 139 $700,000 $815,000 $957,500 $1,800,000 -1.2% -3.3% $842,500 $780,000 $745,000 -4.5% 31 32 $493 75North Beach 42 $801,000 $860,000 $1,200,000 $6,125,000 -1.7% -5.6% $955,000 $930,000 $1,035,000 11.3% 14 7 $623 62

Scarborough 161 $646,250 $747,000 $834,250 $1,927,000 -1.1% -5.1% $785,000 $750,000 $725,000 -3.3% 50 23 $490 57Trigg 39 $935,000 $1,135,000 $1,300,000 $4,575,000 0.0% 12.9% $925,000 $1,201,000 $975,000 -18.8% 7 7 $400 73

Watermans Bay 22 $885,000 $1,187,500 $1,300,000 $2,400,000 -7.0% -7.6% $1,730,000 $1,165,000 $670,000 -42.5% 8 3 $475 15Wembley Downs 90 $720,000 $1,042,000 $1,210,000 $1,800,000 0.0% 2.2% $1,050,000 $1,060,000 $1,090,000 2.8% 22 14 $460 46

Woodlands 46 $670,000 $875,000 $1,140,000 $2,100,000 2.9% -6.4% $882,000 $900,000 $950,000 5.6% 15 7 $480 36

Vincent/Stirling SE 430 $740,000 $860,000 $1,081,000 $3,000,000 -1.9% -5.8% $878,750 $882,000 $795,000 -9.9% 131 69 $475 59Coolbinia 22 $715,000 $855,000 $1,185,000 $2,250,000 -0.8% -19.0% $864,000 $823,500 $802,500 -2.6% 10 3 $375 257Highgate 19 $722,500 $810,000 $1,001,250 $1,304,250 -6.5% -9.7% $665,000 $862,500 $767,500 -11.0% 6 4 $480 83

Inglewood 79 $672,500 $785,000 $905,000 $1,750,000 1.9% -2.8% $770,000 $814,125 $810,000 -0.5% 24 11 $445 73Leederville 34 $740,000 $850,000 $1,045,000 $2,250,000 0.0% -5.3% $1,005,000 $920,000 $687,000 -25.3% 11 3 $490 47

Menora 19 $816,000 $1,130,000 $1,600,000 $2,000,000 -1.7% 6.6% $1,000,000 $822,000 -17.8% 7 1 $498 24Mount Hawthorn 95 $776,250 $880,000 $1,057,663 $1,570,000 0.5% 2.2% $760,000 $925,000 $800,000 -13.5% 30 12 $490 42

Mount Lawley 77 $805,000 $975,000 $1,325,000 $3,000,000 -3.5% -7.1% $983,750 $917,500 $912,500 -0.5% 26 14 $530 58North Perth 85 $718,750 $820,000 $997,500 $2,500,000 -6.6% -8.9% $855,000 $766,000 $740,000 -3.4% 17 21 $450 53

Western Suburbs 1,112 $1,050,000 $1,362,500 $1,800,000 $14,130,000 -2.0% -2.7% $1,400,000 $1,385,000 $1,275,000 -7.9% 333 172 $700 62City Beach 84 $1,435,500 $1,672,500 $2,037,500 $3,600,000 -2.3% -7.9% $1,900,000 $1,930,000 $1,480,000 -23.3% 25 9 $950 107Claremont 89 $1,042,500 $1,250,000 $1,540,000 $7,500,000 -5.7% -13.3% $1,625,000 $1,217,500 $1,200,000 -1.4% 28 19 $675 40Cottesloe 101 $1,400,000 $1,700,000 $2,540,000 $5,010,000 0.0% -8.1% $1,830,000 $1,565,000 $1,800,000 15.0% 30 15 $750 78

Daglish 10 $865,000 $1,057,500 $1,200,000 $1,475,000 4.7% 3.7% $895,000 $865,000 $1,100,000 27.2% 3 3 $445 58Dalkeith 62 $1,800,000 $2,175,000 $3,300,000 $14,130,000 -7.4% -9.8% $2,400,000 $2,437,500 $1,850,000 -24.1% 24 8 $795 43Floreat 108 $1,000,000 $1,204,200 $1,445,000 $2,800,000 -0.4% -8.1% $1,200,000 $1,290,000 $1,135,000 -12.0% 25 19 $720 37

Jolimont 9 $939,250 $1,125,000 $1,225,000 $1,550,000 9.8% 11.9% $995,000 $1,045,500 -100.0% 4 $695Mosman Park 105 $1,000,000 $1,280,000 $2,025,000 $6,750,000 -1.5% -7.6% $1,311,500 $1,280,000 $1,270,000 -0.8% 33 17 $850 92

Mount Claremont 67 $1,049,000 $1,300,000 $1,495,000 $3,100,000 -1.1% -5.6% $1,400,000 $1,315,000 $1,287,500 -2.1% 24 14 $750 51Nedlands 125 $1,175,000 $1,500,000 $1,850,000 $4,150,000 0.0% -3.2% $1,490,000 $1,505,000 $1,181,000 -21.5% 38 20 $713 48

Peppermint Grove 15 $2,375,000 $2,850,000 $4,050,000 $7,700,000 -10.9% -18.6% $4,200,000 $3,200,000 $3,300,000 3.1% 2 4 $775 102Shenton Park 47 $1,037,500 $1,200,000 $1,430,000 $2,820,000 -1.6% 2.1% $1,247,500 $1,260,000 $1,198,750 -4.9% 9 8 $650 22

Subiaco 63 $955,000 $1,270,000 $1,500,000 $2,200,000 -1.7% 1.8% $1,220,000 $1,215,000 $1,000,000 -17.7% 19 9 $745 58Swanbourne 54 $1,335,000 $1,710,000 $2,120,000 $5,250,000 0.6% 14.8% $1,925,000 $1,720,000 $1,855,000 7.8% 17 6 $975 79

Wembley 115 $827,500 $970,000 $1,265,000 $1,960,000 -2.5% -9.1% $1,060,000 $1,070,000 $910,000 -15.0% 32 14 $575 62West Leederville 56 $927,500 $1,117,500 $1,347,500 $2,600,000 0.0% -2.4% $1,100,000 $1,110,000 $1,015,000 -8.6% 19 7 $600 43

Perth Metro Region 21,729 $427,000 $530,000 $710,000 $14,130,000 -0.9% -3.6% $532,000 $532,000 $510,000 -4.1% 5,901 3,989 $380 68

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Multi-Residential Market

In the September quarter, preliminary sales volumes have decreased by similar levels to the preliminary June quarter results, recording a 27 per cent drop in the Central sub-region. A decline in preliminary sales activity has been observed across all sub-markets in the Central sub-region. There are a few suburbs in the Central sub-region which actually recorded an increase in sales activity, these suburbs include: East Fremantle (up 57 per cent), Applecross (up 88 per cent) and Mount Pleasant (up 50 per cent).

For the September quarter, the preliminary quarterly change in the median price was up 4.6 per cent to $455,000 after a revised June quarter quarterly median of $435,000. At a sub-market level, South Perth/Victoria Park was up 10.5 per cent and the Western Suburbs was up 11.3 per cent for the quarter.

The picture looks different though for the Central sub-region’s multi-residential market when considering changes in annual medians. There appears to be a bit more stability in the sub-markets in terms of changes in annual medians with positive growth recorded in the Fremantle sub-market at 4.9 per cent, Vincent/Stirling SE at 1.1 per cent and Western Suburbs at 6.0 per cent. The remaining sub-markets had negative growth. The overall performance of the Central sub-region in the annual change in annual median was -1.5 per cent.

Top performers with more than 30 sales for the quarterly change in the annual median for the September quarter include: Joondanna up 10.6 per cent at $459,000, South Perth up 7.4 per cent at 565,000 and Maylands up 4.2 per cent at $389,500.


CENTRAL


in Annual Median %

Unit Sales Median Price Highest Price

Joondanna 37 $459,000 $752,000 10.6%

South Perth 152 $565,000 $5,800,000 7.4%

Maylands 192 $389,500 $1,130,000 4.2%

Rivervale 125 $415,000 $1,700,000 2.5%

Burswood 47 $737,000 $1,910,000 2.4%

Como 145 $520,000 $1,300,000 1.7%

Glendalough 31 $310,000 $523,000 1.6%

East Fremantle 43 $610,000 $1,600,000 0.0%

Perth 195 $450,000 $1,210,000 0.0%

West Perth 119 $530,000 $2,300,000 0.0%

Highgate 38 $415,000 $625,000 0.0%

Mount Lawley 93 $410,000 $881,020 0.0%


$250,000

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02004006008001,0001,2001,4001,6001,8002,000


MULTI-RES SALES - CENTRAL

MULTI-RES MEDIAN - CENTRAL

PMR MULTI-RES MEDIAN

PERTH CENTRAL SUB-REGION Source: Landgate/REIWA

10 Year Ave

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01002003004005006007008009001,000


MULTI-RES SALES - MIDDLE

MULTI-RES MEDIAN - MIDDLE


PERTH MIDDLE SUB-REGION Source: Landgate/REIWA

10 Year Ave

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MULTI-RES SALES - INNER

MULTI-RES MEDIAN - INNER


PERTH INNER SUB-REGION Source: Landgate/REIWA

Listings for the multi-residential market in the Central sub-region lifted in the September quarter to total 2,337, up 2.6 per cent. The stock of unit listings in the Perth Metro Region increased by 1.4 per cent to 3,087 for the quarter.

Average selling days improved for the unit market in the Central sub-region. It now takes 75 days to sell which is an improvement of two days over the quarter.

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MEDIAN PRICE OF ESTABLISHED MULTI-RESIDENTIAL SALES - PERTH CENTRAL SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA



Unit Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %


Median %

September Qtr 2015

June Qtr 2016

September Qtr 2016

(P)

Prelim Qtly

Change

June Qtr 2016

Sales

Sept Qtr 2016 Sales

Unit Rent per

week

Unit Average Selling Days

Central Sub-Region 3,741 $365,000 $455,000 $595,000 $6,100,000 0.0% -1.5% $455,000 $435,000 $455,000 4.6% 1,003 733 $355 75

Bassendean/Bayswater 286 $320,000 $383,500 $455,000 $1,130,000 2.3% -1.2% $355,500 $375,000 $400,000 6.7% 82 51 $320 103

Bassendean 19 $314,250 $352,000 $395,500 $595,000 -2.1% -7.1% $369,000 $331,750 $402,500 21.3% 6 2 $330 108

Bayswater 27 $316,500 $400,000 $435,000 $500,000 21.2% 29.0% $315,000 $400,000 $368,750 -7.8% 10 2 $330 91

Maylands 192 $320,000 $389,500 $475,000 $1,130,000 4.2% -2.6% $350,000 $375,000 $427,500 14.0% 49 36 $300 63

Morley 30 $371,500 $389,500 $401,500 $565,000 -2.6% -2.6% $432,000 $397,500 $375,000 -5.7% 14 7 $390 127

Belmont 222 $345,000 $403,500 $465,000 $1,700,000 0.9% -1.6% $397,750 $395,000 $406,250 2.8% 67 44 $350 100

Belmont 19 $342,000 $380,000 $467,500 $660,000 -4.3% -7.3% $399,000 $389,000 $470,000 20.8% 8 5 $370 61

Cloverdale 28 $332,500 $384,000 $437,000 $552,000 -2.5% -12.5% $439,000 $345,000 $379,000 9.9% 8 8 $335 103

Kewdale 31 $370,000 $390,000 $420,000 $525,000 -2.3% -2.5% $392,500 $370,000 $369,000 -0.3% 9 4 $355 185

Redcliffe 11 $330,500 $368,000 $397,500 $475,000 -0.3% -9.9% $410,000 $347,500 -100.0% 2 $305 75

Rivervale 125 $347,500 $415,000 $500,000 $1,700,000 2.5% 1.3% $390,000 $411,500 $422,500 2.7% 36 26 $353 71

Canning 109 $330,000 $390,000 $440,000 $1,650,000 0.0% -4.2% $380,000 $371,500 $376,500 1.3% 30 17 $330 81

Bentley 23 $309,500 $372,500 $426,250 $1,190,000 0.1% -8.3% $310,500 $335,000 $372,500 11.2% 9 2 $345 115

Cannington 30 $350,000 $405,000 $437,000 $480,000 -0.7% 1.3% $428,500 $368,500 $291,000 -21.0% 4 3 $330 60

Queens Park 17 $330,000 $330,000 $388,250 $469,000 0.0% -13.2% $372,500 $315,000 $240,000 -23.8% 6 1 $335 88

St James 13 $365,500 $400,000 $482,750 $700,000 5.8% 44.8% $371,000 $405,000 9.2% 3 5 $320 47

Fremantle 199 $439,500 $640,000 $837,500 $2,350,000 -1.5% 4.9% $614,000 $590,000 $522,500 -11.4% 46 45 $380 68

East Fremantle 43 $455,000 $610,000 $770,000 $1,600,000 0.0% -1.1% $560,000 $415,000 $522,500 25.9% 7 11 $365 54

Fremantle 79 $386,000 $560,000 $731,500 $1,750,000 -5.1% 5.3% $563,000 $565,000 $455,000 -19.5% 22 19 $368 81

North Fremantle 52 $633,000 $802,500 $1,450,000 $2,350,000 -0.3% -1.5% $805,000 $662,500 $703,750 6.2% 12 10 $540 73

South Fremantle 14 $660,000 $737,500 $922,500 $1,600,000 -12.3% 8.5% $926,000 $1,017,500 $600,000 -41.0% 2 4 $410 75

Melville 256 $410,000 $480,000 $595,000 $1,900,000 -1.8% -1.0% $517,500 $500,000 $510,000 2.0% 69 53 $360 62

Applecross 48 $515,000 $637,500 $884,500 $1,900,000 -3.8% 6.7% $625,000 $974,500 $580,000 -40.5% 8 15 $450 80

Attadale 21 $555,000 $575,000 $626,250 $1,050,000 1.3% 22.3% $470,000 $620,000 $572,500 -7.7% 6 6 $383 14

Bicton 37 $420,000 $450,000 $539,000 $720,000 -9.1% -7.9% $540,000 $500,000 $425,000 -15.0% 13 6 $325 54

Melville 24 $410,000 $497,000 $560,000 $750,000 -4.2% -15.8% $585,000 $530,000 $487,500 -8.0% 7 6 $475 49

Mount Pleasant 18 $565,000 $662,000 $1,135,000 $1,500,000 7.2% 17.2% $530,000 $967,500 $590,000 -39.0% 2 3 $355 38

Palmyra 58 $400,000 $426,500 $510,000 $640,000 -2.0% -5.2% $465,000 $435,000 $422,000 -3.0% 19 11 $340 60

Perth City 578 $398,000 $495,000 $620,000 $5,000,000 0.7% -3.4% $497,500 $489,000 $495,000 1.2% 154 129 $420 78

East Perth 239 $395,000 $515,000 $740,000 $5,000,000 -0.9% -4.3% $530,000 $520,000 $499,000 -4.0% 63 47 $440 81

Northbridge 25 $439,000 $495,000 $575,000 $1,250,000 0.5% 1.0% $500,000 $575,000 $510,000 -11.3% 3 11 $400 60

Perth 195 $385,000 $450,000 $557,500 $1,210,000 0.0% -6.5% $462,500 $445,000 $450,000 1.1% 54 49 $415 73

West Perth 119 $444,000 $530,000 $607,500 $2,300,000 0.0% 1.9% $510,000 $502,500 $498,000 -0.9% 34 22 $420 87

South Perth/Victoria Park 489 $405,000 $500,000 $670,000 $5,800,000 1.1% -2.9% $493,250 $475,000 $525,000 10.5% 131 90 $350 73

Burswood 47 $520,000 $737,000 $842,500 $1,910,000 2.4% 3.4% $712,500 $640,000 $780,000 21.9% 12 13 $400 106

Como 145 $425,000 $520,000 $640,000 $1,300,000 1.7% 2.0% $491,000 $506,250 $520,000 2.7% 38 23 $350 59

East Victoria Park 35 $291,500 $410,000 $479,500 $680,000 -6.8% -9.3% $450,000 $412,500 $315,000 -23.6% 8 7 $320 39

South Perth 152 $415,000 $565,000 $842,500 $5,800,000 7.4% -1.3% $494,750 $485,000 $715,000 47.4% 45 25 $378 94

Victoria Park 94 $315,000 $442,000 $530,000 $790,000 -2.6% 2.8% $465,000 $422,500 $465,000 10.1% 22 19 $330 44

Stirling East 426 $319,000 $355,000 $418,000 $800,000 -2.7% -7.8% $387,000 $343,750 $350,000 1.8% 116 72 $320 70

Balcatta 36 $338,500 $378,750 $433,500 $500,000 -8.0% -9.8% $434,500 $342,500 $360,000 5.1% 8 7 $370 56

Balga 15 $278,750 $307,000 $314,500 $425,000 0.0% -5.8% $305,500 $304,000 $316,000 3.9% 7 2 $330 97

Dianella 45 $355,000 $390,000 $417,000 $535,000 -3.4% -5.7% $410,000 $364,000 $380,000 4.4% 10 8 $298 66

Glendalough 31 $284,500 $310,000 $369,000 $523,000 1.6% 3.3% $300,000 $368,000 $310,000 -15.8% 11 5 $288 59

Joondanna 37 $367,000 $459,000 $552,500 $752,000 10.6% 11.5% $410,000 $385,000 $463,500 20.4% 8 8 $330 46

Nollamara 40 $340,000 $350,000 $370,250 $510,000 -2.5% -8.5% $367,500 $350,000 $339,000 -3.1% 13 5 $350 83

Osborne Park 71 $282,500 $336,000 $399,000 $600,000 -2.0% -2.6% $373,500 $342,500 $329,000 -3.9% 17 7 $290 126

Tuart Hill 67 $330,000 $370,000 $437,500 $640,000 -2.6% -7.0% $385,000 $365,000 $380,000 4.1% 17 11 $300 38

Westminster 17 $317,500 $330,000 $350,000 $385,000 -2.9% -6.4% $377,500 $320,000 $315,000 -1.6% 7 1 $330 62

Yokine 62 $319,000 $353,250 $440,000 $800,000 -0.1% -7.0% $348,500 $335,000 $322,500 -3.7% 17 16 $290 57

Excludes suburbs with less than 10 sales for the year. All figures are preliminary for up to 4 months after end of quarter© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright

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Unit Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %


Median %

September Qtr 2015

June Qtr 2016

September Qtr 2016

(P)

Prelim Qtly

Change

June Qtr 2016

Sales

Sept Qtr 2016 Sales

Unit Rent per

week


Stirling West 325 $410,000 $480,000 $585,000 $3,500,000 -2.0% -5.7% $490,000 $489,500 $445,500 -9.0% 96 64 $395 68

Churchlands 21 $377,500 $390,000 $426,000 $1,035,001 -1.3% -8.8% $360,000 $375,000 $385,000 2.7% 3 6 $325 42

Doubleview 23 $352,500 $510,000 $590,750 $649,000 -4.2% -1.9% $502,500 $550,000 $373,000 -32.2% 9 4 $460 99

Innaloo 51 $449,000 $479,000 $511,000 $600,000 -2.0% -4.2% $490,000 $475,000 $440,000 -7.4% 15 15 $425 65

Scarborough 185 $401,500 $490,000 $634,500 $3,500,000 -2.0% -6.7% $500,000 $470,000 $515,000 9.6% 53 32 $380 57

Trigg 11 $467,500 $491,500 $740,000 $781,000 0.0% 5.0% $610,750 $612,500 0.3% 2 2 $435 55

Vincent/Stirling SE 262 $389,000 $455,000 $569,000 $3,550,000 -1.1% 1.1% $445,000 $435,000 $425,000 -2.3% 63 54 $350 64

Highgate 38 $325,000 $415,000 $545,000 $625,000 0.0% -7.6% $455,000 $330,000 $417,500 26.5% 8 10 $385 48

Inglewood 22 $359,000 $442,500 $618,000 $3,550,000 -7.8% 11.0% $407,500 $564,000 $406,000 -28.0% 4 5 $343 68

Leederville 35 $436,000 $513,000 $680,000 $1,250,000 -1.3% -10.0% $545,000 $462,500 $500,000 8.1% 11 9 $395 48

Mount Hawthorn 18 $499,000 $537,000 $572,000 $770,000 -0.9% -1.5% $580,000 $514,500 $539,000 4.8% 4 3 $425 90

Mount Lawley 93 $360,000 $410,000 $502,500 $881,020 0.0% -2.4% $406,200 $392,500 $397,000 1.1% 20 14 $300 57

North Perth 50 $400,000 $480,000 $580,000 $915,000 -1.0% -4.7% $465,000 $435,000 $462,000 6.2% 15 11 $385 88

Western Suburbs 589 $398,750 $580,000 $795,000 $6,100,000 1.8% 6.0% $560,000 $539,000 $600,000 11.3% 149 114 $350 77

Claremont 81 $505,000 $650,000 $840,000 $1,820,000 -2.6% -4.1% $735,000 $620,000 $530,000 -14.5% 18 13 $445 99

Cottesloe 49 $585,000 $785,000 $972,500 $3,570,000 -1.6% -3.2% $928,000 $736,000 $730,000 -0.8% 8 3 $450 107

Crawley 52 $442,500 $792,500 $1,175,000 $4,800,000 -7.3% -0.3% $1,100,000 $787,500 $800,000 1.6% 18 11 $370 40

Daglish 11 $424,000 $622,000 $675,000 $1,351,777 -0.2% 46.4% $557,500 $622,000 $423,000 -32.0% 3 3 $223 55

Floreat 16 $725,000 $978,750 $1,062,500 $1,150,000 -2.1% -12.8% $1,250,000 $690,000 $966,250 40.0% 5 4 $650 122

Jolimont 22 $312,000 $378,000 $535,000 $2,500,000 -1.2% -12.6% $350,000 $375,000 $375,250 0.1% 6 5 $290 67

Mosman Park 29 $312,500 $380,000 $482,000 $1,230,000 1.0% -8.4% $370,000 $382,500 $367,500 -3.9% 10 2 $290 105

Nedlands 23 $475,000 $575,000 $743,000 $2,275,000 1.4% -7.3% $565,000 $572,500 $450,500 -21.3% 6 5 $350 101

Shenton Park 19 $460,000 $535,000 $750,017 $1,300,000 0.0% 24.4% $535,000 $800,000 $300,000 -62.5% 5 1 $390 91

Subiaco 135 $494,000 $600,000 $737,500 $6,100,000 -1.6% -6.3% $654,000 $505,000 $600,000 18.8% 25 31 $418 73

Swanbourne 14 $535,000 $657,500 $930,000 $1,810,000 44.2% -48.2% $456,000 $657,500 14 $800

Wembley 87 $271,000 $320,000 $480,000 $900,000 -1.5% -4.5% $335,000 $315,000 $327,500 4.0% 27 12 $250 64

West Leederville 26 $265,000 $425,000 $635,000 $1,400,000 -5.6% -18.7% $568,500 $425,000 $630,000 48.2% 8 6 $330 44

Perth Metro Region 4,570 $345,000 $425,000 $565,000 $6,100,000 -0.7% -3.2% $430,000 $410,000 $425,000 3.7% 1,203 881 $350 80


MEDIAN PRICE OF ESTABLISHED MULTI-RESIDENTIAL SALES - PERTH CENTRAL SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

Land MarketThe land market in the Central sub-region is very mixed. Preliminary data for median price in the September quarter indicates an increase of nine per cent to $500,000 from $458,750 on the revised June quarter. Preliminary land sales for the September quarter are currently 146. The June quarter preliminary volumes have increased over the quarter to a revised figure of 272 from the initial 160. So, it is expected a further lift in land sales will occur in coming months. Most of the land sales in the Central sub-region can be found in the sub-markets of Bayswater/Bassendean, Western Suburbs and Stirling East.

In the year to September 2016 the annual change in annual medians is still mixed. The Central sub-region recorded zero growth, with better performers found in Fremantle (up 1.3 per cent), Stirling East (up 6.3 per cent) and Stirling West (up 1.6 per cent).

It is important to note that land sales can take up to 12 months to settle and that the most recent figures provided for the September 2016 quarter will adjust in the future.

TOP 5 SUBURBS BY VOLUMESource: Landgate/REIWA

Year to September 2016 Land Sales Median PriceQuarterly Change in Annual Median

%

Perth Metro Region 5,835 $265,000 1.9%

Central Sub-Region 928 $460,000 1.5%Bayswater 59 $335,000 -2.2%

Dianella 47 $480,000 3.2%

Mount Claremont 44 $685,000 1.9%

East Cannington 39 $322,000 -0.3%

Morley 38 $300,000 -2.3%

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LAND SALES - CENTRALLAND MEDIAN - CENTRALPMR LAND MEDIAN

PERTH CENTRAL SUB-REGION Source: Landgate/REIWASAMPLE



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Year to Sep 2016 Year to Sep 2015 Quarterly Sales Price

Land Sales

Median Price

Land Sales

Median Price


Median %


Median %

Sept Qtr 2015 June Qtr 2016 Sept Qtr 2016 (P)

Prelim Qtly Change

June Qtr 2016 Sales

Sept Qtr 2016 Sales

Central Sub-Region 928 $460,000 1,085 $460,000 1.5% 0.0% $440,000 $458,750 $500,000 9.0% 272 146

Bassendean/Bayswater 168 $327,500 183 $337,000 -2.8% -2.8% $345,000 $340,000 $310,000 -8.8% 56 22

Bassendean 18 $351,250 24 $404,000 -15.4% -13.1% $527,500 $430,000 $350,000 -18.6% 5 3

Bayswater 59 $335,000 34 $385,500 -2.2% -13.1% $384,500 $340,000 $295,000 -13.2% 19 5

Bedford 10 $400,000 10 $396,000 -0.6% 1.0% $400,000 $405,000 $390,000 -3.7% 5 1

Embleton 15 $271,000 8 $323,500 -1.5% -16.2% $325,000 $271,000 $270,000 -0.4% 5 3

Morley 38 $300,000 52 $320,000 -2.3% -6.3% $317,500 $300,000 $275,000 -8.3% 12 5

Belmont 42 $322,000 60 $389,500 -6.7% -17.3% $369,500 $335,000 $335,000 0.0% 16 9

Cloverdale 15 $295,000 15 $335,000 0.0% -11.9% $282,500 $305,000 $288,000 -5.6% 6 3

Canning 98 $328,500 123 $335,000 -0.5% -1.9% $355,000 $322,500 $460,000 42.6% 28 12

East Cannington 39 $322,000 42 $335,000 -0.3% -3.9% $332,500 $322,500 $259,000 -19.7% 12 3

Fremantle 67 $395,000 79 $390,000 -1.3% 1.3% $553,500 $379,767 $404,000 6.4% 9 10

Beaconsfield 13 $385,000 41 $390,000 -12.0% -1.3% $616,000 $325,000 $320,000 -1.5% 2 1

Hilton 10 $325,000 13 $300,000 0.0% 8.3% $365,000 $305,000 $355,000 16.4% 3 1

White Gum Valley 24 $385,000 6 $418,500 -1.3% -8.0% $455,000 $394,000 4

Melville 104 $568,750 87 $590,000 -0.2% -3.6% $580,000 $511,000 $584,000 14.3% 30 15

Kardinya 11 $425,000 14 $380,000 8.3% 11.8% $352,500 $390,000 $745,000 91.0% 5 3

Melville 18 $515,000 15 $590,000 -8.0% -12.7% $580,000 $460,000 $510,000 10.9% 4 2

Mount Pleasant 10 $745,000 12 $715,000 0.0% 4.2% $648,000 $815,000 $590,000 -27.6% 3 1

Perth City 2 $800,000 2 $2,310,000 0.0% -65.4%

South Perth/Victoria Park 65 $550,000 116 $559,444 6.3% -1.7% $556,944 $495,000 $880,000 77.8% 24 8

Carlisle 14 $362,500 18 $377,750 -1.5% -4.0% $372,500 $365,000 $850,000 132.9% 5 1

Como 19 $625,000 16 $634,000 0.0% -1.4% $719,000 $637,500 $1,353,750 112.4% 8 2

Stirling East 133 $425,000 134 $400,000 0.0% 6.3% $395,000 $395,000 $330,000 -16.5% 28 23

Balga 11 $200,000 36 $235,000 -11.1% -14.9% $298,500 $200,000 $8,333 -95.8% 3 1

Dianella 47 $480,000 22 $427,605 3.2% 12.3% $416,538 $453,000 $517,500 14.2% 7 6

Stirling 21 $500,000 14 $589,500 -13.0% -15.2% $579,000 $526,500 $330,000 -37.3% 6 7

Westminster 11 $240,000 11 $240,000 11.6% 0.0% $197,500 $217,500 2

Yokine 14 $452,500 14 $502,500 1.7% -10.0% $480,000 $460,000 $460,000 0.0% 6 1

Stirling West 113 $523,000 165 $552,000 1.6% -5.3% $555,000 $471,000 $580,000 23.1% 26 25

Doubleview 24 $428,500 15 $445,000 0.8% -3.7% $400,000 $339,000 $620,000 82.9% 9 5

Gwelup 24 $550,000 45 $545,000 -0.4% 0.9% $570,000 $538,500 $580,000 7.7% 4 7

Karrinyup 19 $480,000 27 $521,000 9.1% -7.9% $435,000 $480,000 $775,000 61.5% 5 3

Scarborough 18 $407,500 21 $476,000 -1.8% -14.4% $456,500 $460,000 $419,500 -8.8% 3 4

Vincent/Stirling SE 27 $485,000 27 $525,000 -7.6% -7.6% $548,750 $530,000 $547,500 3.3% 9 4

North Perth 12 $452,500 6 $536,250 -5.7% -15.6% $658,250 $675,000 $445,000 -34.1% 3 1

Western Suburbs 109 $740,000 109 $740,000 -4.2% 0.0% $755,000 $715,000 $705,000 -1.4% 46 18

Cottesloe 18 $1,355,000 14 $1,402,925 -4.4% -3.4% $1,425,000 $5,185,000 $825,000 -84.1% 3 1

Mosman Park 15 $710,000 19 $750,000 0.0% -5.3% $870,000 $672,500 -100.0% 4

Mount Claremont 44 $685,000 2 $1,025,000 1.9% -33.2% $685,000 $697,500 1.8% 27 14

Perth Metro Region 5,835 $265,000 9,872 $263,000 1.9% 0.8% $260,500 $259,500 $295,000 13.7% 1,675 616


MEDIAN PRICE OF LAND SALES - PERTH CENTRAL SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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Year to September 2016 Land Sales Median PriceQuarterly Change in Annual Median %


North West Sub-Region 1,246 $258,000 -0.8%Alkimos 186 $229,000 -0.2%

Landsdale 133 $325,000 -1.5%

Yanchep 124 $208,500 -3.0%

Eglinton 105 $215,000 -1.8%

Clarkson 81 $261,000 0.0%

Land Market Whilst land sales activity in the North West sub-region continues to soften in the quarter, it is important to note that as more transactions settle in the coming months, volumes will lift. After revision, June quarter sales transactions more than doubled to reach 353 from a preliminary 163.

Preliminary data suggests an increase in quarterly median prices for the North West sub-region, up 18 per cent to $295,000 from the June quarter revised median of $250,000. For the year to September 2016, the quarterly change in annual median dropped slightly by 0.8 per cent with the annual change in annual median also slipping 0.8 per cent to $260,000.

Alkimos remains the bestselling suburb in the North West sub-region, recording 186 sales during the year to June 2016. Lansdale recorded 133 sales and Yanchep, Eglinton and Clarkson continue to feature in the top five.

$375,000

$400,000

$425,000

$450,000

$475,000

$500,000

$525,000

$550,000

$575,000

0

250

500

750

1,000

1,250

1,500

1,750

2,000


HOUSE SALES - NWHOUSE MEDIAN - NWPMR HOUSE MEDIAN

Source: Landgate/REIWAPERTH NORTH WEST SUB-REGION

10 Year Ave

$200,000

$225,000

$250,000

$275,000

$300,000

$325,000

$350,000

0

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500

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1,000

1,250

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LAND SALES - NWLAND MEDIAN - NWPMR LAND MEDIAN

PERTH NORTH WEST SUB-REGION Source: Landgate/REIWA


NORTH WEST

Year to September 2016 Quarterly Change in

Annual Median %

House Sales

Median Price Highest Price

Warwick 47 $578,000 $865,000 3.2%Sinagra 37 $475,000 $575,000 2.3%Beldon 60 $502,000 $870,000 2.2%

Joondalup 85 $540,000 $1,180,000 1.9%Marmion 34 $931,000 $3,750,000 1.7%Kallaroo 67 $785,000 $2,195,000 1.6%

Burns Beach 41 $930,000 $1,500,000 0.8%Duncraig 200 $715,000 $1,680,000 0.7%

Marangaroo 100 $460,000 $735,000 0.4%Padbury 112 $529,750 $1,015,000 0.4%


Housing and Multi-residential Markets

Preliminary Sales volumes for the housing market in the North West sub-region have continued their decline throughout the September quarter. Sub-markets that are experiencing the greatest decline in sales activity include Wanneroo South (down 46 per cent), Wanneroo North West (down 45 per cent) and Joondalup South (down 40 per cent).

The lower levels of sales transactions have also impacted the preliminary quarterly change in median price. The sub-region has recorded a drop of 3.8 per cent to $500,000 compared to a revised June quarter median of $520,000.

When considering the annual change in the annual median for the North West sub-region, the market is also experiencing some softening in price levels. The sub-region is down 2.8 per cent and all sub-markets have declined as well.

Turning to performance based on the quarterly change in the annual median, Warwick is on top with a lift of 3.2 per cent to $552,650, followed by Sinagra at 2.3 per cent with $440,000.

Multi-residential sales have followed a similar trend as the housing market, with preliminary sales for the September quarter falling by 36 per cent. The preliminary quarterly change in the median unit price is down marginally by one per cent to $375,000 compared to a revised June quarter median of $370,000. The best performing suburb in the North West sub-region for units is Joondalup with a quarterly change in annual median of 14 per cent.

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SUB-MARKETS Listings at


House ListingsQuarterly Change

Annual Change


Quarterly Change

Annual Change

Joondalup North 291 223 -4.3% -7.9% 60 -4 -3Joondalup South 368 301 -4.7% -3.2% 54 3 2

Wanneroo North East 332 255 -15.8% -17.5% 67 0 5Wanneroo North West 888 674 0.0% -0.4% 77 0 1

Wanneroo South 321 231 -2.5% -6.5% 71 5 10

North West Sub-Region 2,200 1,684 -4.5% -5.7% 65 1 2Perth Metro Region 14,170 8,649 -0.6% -6.5% 68 3 5

Note: Listings to Dwelling Stock Ratio = Dwelling Listings as a percentage of estimated Dwelling Stock

SUBMARKETS

September Quarter 2016 June Quarter 2016 September Quarter 2015




Discounting






Discounting






Discounting



North West Sub-Region -3.4% 50.7% -5.7% -3.0% 61.4% -5.8% -3.0% 50.3% -5.6%Joondalup North -3.6% 53.2% -6.1% -2.9% 49.7% -5.8% -2.5% 48.4% -5.6%Joondalup South -2.7% 39.2% -5.7% -3.8% 44.7% -5.2% -3.1% 48.8% -5.3%

Wanneroo North East -4.3% 58.9% -5.6% -2.8% 42.5% -7.5% -3.6% 50.0% -5.7%Wanneroo North West -3.0% 55.5% -5.3% -3.2% 59.8% -5.6% -3.1% 56.0% -6.4%

Wanneroo South -3.1% 53.2% -5.6% -3.0% 61.4% -5.8% -2.8% 46.7% -5.3%

Perth Metro Region -4.0% 51.8% -6.7% -3.1% 60.6% -5.9% -3.6% 52.7% -6.1%

Listing Stock and Selling Days Total stock of house listings in the North West sub-region is down by 4.5 per cent for the quarter and 5.7 per cent lower than the same time last year.

All of the sub-markets except Wanneroo North West have shown a drop in the stock of listings for houses. The greatest decline in house listings was in Wanneroo North East down 15.8 per cent for the quarter.

In the North West sub-region, it is still taking more than 60 days to sell a house. The September quarter figure is 65 days for the sub-region and 77 days in the Wanneroo North West sub-market. Compared to the Perth Metro region, the sub-region is on slightly better against a 68 day average.

Seller Sentiment - HousesIn the North West sub-region, the number of sellers discounting their house has decreased to 50.7 per cent in the September quarter, from 61.4 per cent in the June quarter. The North West sub-region has fewer sellers discounting than the Perth Metro region as a whole.

It can be seen that the sub-market in the North West sub-region with the highest number of sellers discounting is Wanneroo North East, with 58.9 per cent of sellers discounting. The average discount that sellers are offering in the sub-region has remained stable at 5.7 per cent in September. The overall sentiment towards the housing market in the sub-region is still pessimistic at -3.4 per cent, however this is more positive than the general Perth metro market at -4.0 per cent.

SELLER SENTIMENT: HOUSES SEPTEMBER QUARTER 2016Source: Landgate/REIWA

STOCK OF HOUSE LISTINGS & SELLING DAYS - NORTH WEST SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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House Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %

Annual Change Annual Median

%

Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

Prelim Qtly

Change

June Qtr 2016

Sales

Sept Qtr 2016 Sales

House Rent per week


North West Sub-Region 4,285 $440,000 $520,000 $650,000 $3,750,000 -1.0% -2.8% $523,750 $520,000 $500,000 -3.8% 1,236 756 $380 65Joondalup North 705 $488,750 $570,000 $740,000 $2,075,000 -2.6% -6.8% $614,000 $565,000 $542,000 -4.1% 187 127 $410 60

Burns Beach 41 $785,500 $930,000 $1,110,000 $1,500,000 0.8% 1.6% $915,000 $970,000 $882,500 -9.0% 11 4 $650 109

Connolly 32 $585,000 $665,000 $762,500 $955,000 0.0% -2.9% $668,500 $652,500 $647,500 -0.8% 8 6 $410 56

Currambine 94 $470,000 $527,500 $620,000 $955,000 -0.5% -11.7% $615,000 $529,500 $540,000 2.0% 28 13 $420 66

Edgewater 63 $506,500 $561,000 $627,500 $735,000 0.1% -4.5% $587,500 $605,000 $565,000 -6.6% 12 9 $400 66

Heathridge 109 $432,500 $460,000 $500,000 $660,000 -1.1% -6.0% $482,000 $465,000 $460,000 -1.1% 29 23 $370 43

Iluka 73 $760,000 $850,000 $1,023,750 $2,075,000 -0.4% 1.8% $852,500 $852,500 $819,500 -3.9% 22 9 $600 43

Joondalup 85 $460,000 $540,000 $599,500 $1,180,000 1.9% 0.7% $526,750 $470,000 $527,500 12.2% 31 18 $390 52

Kinross 99 $477,500 $515,000 $548,250 $650,000 0.0% -2.8% $510,000 $510,000 $484,500 -5.0% 23 21 $400 73

Ocean Reef 109 $650,000 $750,000 $870,000 $1,550,000 -1.6% -2.0% $765,000 $700,000 $693,000 -1.0% 23 24 $500 58

Joondalup South 1,349 $525,000 $620,000 $770,000 $3,750,000 -0.6% -2.4% $615,000 $619,500 $606,500 -2.1% 382 230 $430 54

Beldon 60 $460,500 $502,000 $530,000 $870,000 2.2% -0.6% $475,000 $492,000 $485,000 -1.4% 15 17 $375 47

Craigie 106 $435,000 $465,000 $496,000 $615,000 -0.9% -4.6% $470,000 $475,000 $450,000 -5.3% 36 14 $370 35

Duncraig 200 $630,000 $715,000 $817,250 $1,680,000 0.7% 0.7% $700,000 $700,000 $665,000 -5.0% 60 29 $483 47

Greenwood 146 $495,000 $550,000 $610,000 $745,000 -1.8% -1.8% $535,000 $580,000 $510,000 -12.1% 43 27 $393 66

Hillarys 129 $672,500 $820,000 $1,050,000 $2,250,000 -2.9% -3.1% $860,000 $862,500 $743,000 -13.9% 38 15 $535 77

Kallaroo 67 $593,750 $785,000 $952,500 $2,195,000 1.6% 19.1% $677,500 $735,000 $590,000 -19.7% 14 9 $395 59

Kingsley 171 $530,500 $590,000 $650,000 $1,050,000 -1.3% -3.5% $635,000 $582,500 $604,000 3.7% 44 32 $400 60

Marmion 34 $835,000 $931,000 $1,430,000 $3,750,000 1.7% -2.0% $920,000 $910,000 $952,000 4.6% 9 7 $570 61

Mullaloo 80 $645,000 $720,000 $800,000 $2,140,000 0.0% -1.9% $815,000 $707,500 $821,250 16.1% 22 12 $498 67

Padbury 112 $475,000 $529,750 $580,000 $1,015,000 0.4% -5.1% $536,250 $540,000 $545,000 0.9% 33 20 $400 34

Sorrento 95 $771,000 $870,000 $1,200,000 $3,000,000 -5.2% -15.4% $950,000 $1,025,000 $820,000 -20.0% 27 23 $600 61

Warwick 47 $521,000 $578,000 $647,500 $865,000 3.2% -2.0% $552,650 $560,000 $612,500 9.4% 17 4 $430 57

Woodvale 102 $592,000 $640,000 $710,000 $1,017,000 0.0% -6.6% $660,000 $645,500 $665,000 3.0% 24 21 $515 39

Wanneroo North East 676 $430,000 $480,000 $535,000 $1,660,000 -0.8% -3.0% $485,000 $485,000 $460,000 -5.2% 179 130 $393 67

Ashby 47 $455,000 $480,000 $513,000 $676,000 0.0% -3.5% $482,500 $470,000 $472,500 0.5% 21 4 $420 71

Banksia Grove 112 $365,000 $399,500 $453,000 $800,000 -2.3% -4.9% $418,500 $385,000 $380,000 -1.3% 27 31 $360 75

Carramar 87 $470,000 $520,000 $591,500 $1,660,000 -0.1% -1.0% $510,000 $545,000 $495,000 -9.2% 23 18 $445 71

Hocking 78 $460,000 $508,500 $550,000 $730,000 -2.1% -6.7% $535,000 $515,000 $470,000 -8.7% 23 19 $385 50

Pearsall 42 $435,000 $487,500 $540,000 $660,000 -2.3% -1.5% $491,000 $542,500 $444,000 -18.2% 8 9 $390 73

Sinagra 37 $422,750 $475,000 $520,000 $575,000 2.3% -6.3% $440,000 $436,250 $495,000 13.5% 8 5 $370 43

Tapping 115 $485,000 $520,000 $561,250 $880,000 -1.9% -2.1% $537,500 $530,000 $507,500 -4.2% 31 22 $430 57

Wanneroo 158 $410,000 $446,000 $515,000 $1,300,000 0.0% -4.1% $440,000 $445,500 $425,500 -4.5% 38 22 $350 59

Wanneroo North West 976 $377,000 $430,000 $529,000 $1,650,000 -1.4% -4.4% $435,000 $425,000 $410,000 -3.5% 295 164 $340 77

Alkimos 92 $393,000 $450,000 $515,000 $820,000 -1.1% -6.1% $487,000 $386,000 $432,500 12.0% 20 20 $330 81

Butler 173 $368,000 $415,000 $469,000 $614,000 -1.1% -5.3% $435,000 $402,500 $425,000 5.6% 50 30 $330 72

Clarkson 176 $369,750 $415,000 $450,000 $875,000 -1.2% -3.5% $410,000 $418,000 $381,762 -8.7% 68 22 $340 65

Eglinton 12 $411,500 $440,000 $502,500 $660,000 0.9% 7.3% $370,000 $436,000 -100.0% 6 $320

Jindalee 37 $533,500 $660,000 $743,500 $1,025,000 0.0% 2.7% $689,000 $670,000 $629,500 -6.0% 15 4 $359 45

Merriwa 65 $338,000 $355,000 $383,750 $455,000 -1.7% -4.1% $366,000 $340,000 $344,000 1.2% 19 13 $320 75

Mindarie 106 $600,000 $685,000 $850,000 $1,600,000 -1.5% -2.1% $675,750 $755,000 $670,000 -11.3% 31 16 $470 101

Quinns Rocks 135 $385,500 $465,000 $585,000 $1,150,000 -4.6% -9.9% $525,000 $430,000 $431,000 0.2% 35 18 $360 65

Ridgewood 47 $390,000 $415,000 $436,750 $525,000 -0.6% -3.2% $410,000 $395,000 $405,000 2.5% 13 12 $330 45

Two Rocks 28 $329,000 $369,000 $407,500 $780,000 -2.1% -11.1% $405,000 $366,500 $360,000 -1.8% 6 11 $325 75

Yanchep 105 $380,000 $437,500 $501,500 $1,650,000 0.0% 0.6% $405,000 $435,000 $389,250 -10.5% 32 18 $330 115

Wanneroo South 579 $419,000 $480,000 $570,000 $990,000 -2.0% -5.9% $500,000 $485,000 $462,500 -4.6% 193 105 $413 71

Alexander Heights 90 $452,000 $475,000 $513,000 $672,500 -2.1% -4.0% $489,500 $490,000 $450,000 -8.2% 29 17 $430 64

Darch 78 $492,000 $567,500 $637,000 $800,000 -6.2% -8.5% $660,000 $565,000 $482,500 -14.6% 19 18 $450 75

Girrawheen 92 $355,000 $385,000 $420,000 $540,000 -3.7% -7.2% $415,000 $375,000 $370,000 -1.3% 31 11 $300 78

Koondoola 44 $362,250 $380,000 $400,000 $455,000 -5.0% -11.6% $425,000 $390,000 $362,000 -7.2% 16 13 $295 54

Landsdale 118 $520,100 $579,500 $637,500 $983,000 -3.4% -2.9% $610,000 $590,000 $565,000 -4.2% 40 23 $450 81

Madeley 57 $493,500 $580,000 $650,000 $990,000 -6.5% -11.9% $659,750 $583,500 $540,000 -7.5% 18 12 $475 83

Marangaroo 100 $430,000 $460,000 $507,900 $735,000 0.4% -1.1% $450,750 $457,500 $465,000 1.6% 40 11 $380 50

Perth Metro Region 21,729 $427,000 $530,000 710,000 $14,130,000 -0.9% -3.6% $532,000 $532,000 $510,000 -4.1% 5,901 3,989 $380 68

Excludes suburbs with less than 5 sales for the year & dwellings on lots greater than 1 Ha. All figures are preliminary for up to 4 months after end of quarter© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright

MEDIAN PRICE OF ESTABLISHED HOUSE SALES - PERTH NORTH WEST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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Unit Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %


Median %

Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

Prelim Qtly Change

June Qtr 2016

Sales

Sept Qtr 2016

Sales

Unit Rent per

week


North West Sub-Region 213 $341,500 $380,000 $440,000 $1,500,000 -1.3% -5.0% $397,475 $370,000 $375,000 1.4% 53 34 $350 110

Joondalup North 77 $358,500 $375,000 $455,000 $680,000 -1.3% -8.2% $400,000 $350,000 $400,000 14.3% 17 12 $350 124

Currambine 13 $330,000 $360,000 $398,500 $561,000 -1.9% -5.9% $385,000 $350,000 -100.0% 3 $350 52

Joondalup 49 $369,000 $380,000 $477,500 $680,000 0.0% -8.4% $405,000 $335,000 $440,000 31.3% 9 6 $350 154

Joondalup South 69 $365,000 $404,000 $459,500 $1,320,000 -1.5% -6.0% $420,000 $399,500 $402,000 0.6% 22 10 $390 111

Sorrento 15 $309,500 $435,000 $455,000 $1,320,000 1.2% -1.7% $430,000 $435,000 $440,000 1.1% 5 1 $400 228

Woodvale 14 $399,000 $419,500 $439,000 $535,000 -1.3% -2.7% $442,000 $409,500 -7.4% 2 4

Wanneroo North West 38 $335,000 $379,500 $407,000 $1,500,000 -0.8% 1.2% $382,500 $380,000 $366,250 -3.6% 10 4 $340 305

Clarkson 15 $327,500 $367,500 $399,000 $440,000 -2.0% -2.6% $380,000 $370,000 $365,000 -1.4% 3 3 $330

Mindarie 11 $382,500 $400,000 $617,500 $1,500,000 0.0% -45.2% $445,000 -100.0% 4 $550

Wanneroo South 29 $288,500 $307,500 $350,000 $480,000 -2.4% -6.7% $307,500 $330,000 $291,000 -11.8% 4 8 $340 38

Girrawheen 16 $277,500 $288,500 $300,000 $319,000 -2.9% -12.3% $305,000 $304,500 $286,000 -6.1% 2 6 $295 45


MEDIAN PRICE OF ESTABLISHED MULTI-RESIDENTIAL SALES - PERTH NORTH WEST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA


Year to September 2016 Year to September 2015 %Change Quarterly Sales Price

Land Sales

Median Price

Land Sales

Median Price


Median %


Median %


Prelim Qtly Change

June Qtr 2016 Sales

Sept Qtr 2016 Sales

North West Sub-Region 1,246 $258,000 2,232 $260,000 -0.8% -0.8% $265,000 $250,000 $295,000 18.0% 353 125

Joondalup North 69 $530,000 148 $530,000 -0.9% 0.0% $540,000 $520,000 $470,000 -9.6% 13 7

Burns Beach 22 $479,000 57 $530,000 -1.0% -9.6% $484,000 $505,000 $462,500 -8.4% 4 2

Iluka 31 $545,000 52 $530,000 0.0% 2.8% $540,000 $511,500 $523,000 2.2% 4 5

Joondalup South 133 $392,500 161 $398,000 0.3% -1.4% $468,000 $396,500 $400,000 0.9% 36 15

Craigie 57 $340,000 70 $340,000 0.0% 0.0% $382,500 $340,000 -11.1% 16 3

Hillarys 10 $832,500 10 $670,000 2.1% 24.3% $780,000 $1,103,750 -100.0% 4

Mullaloo 14 $442,500 5 $720,000 -10.6% -38.5% $720,000 $375,000 $400,000 6.7% 1 5

Woodvale 22 $392,500 38 $399,000 1.9% -1.6% $368,000 $396,000 $430,000 8.6% 3 4

Wanneroo North East 179 $249,000 308 $254,000 0.0% -2.0% $254,500 $248,000 $245,000 -1.2% 68 11

Banksia Grove 79 $228,000 177 $226,000 0.4% 0.9% $226,000 $228,000 $218,000 -4.4% 29 3

Hocking 39 $245,000 36 $277,500 -1.6% -11.7% $281,500 $247,000 $215,000 -13.0% 14 4

Pearsall 23 $297,500 30 $310,000 -3.3% -4.0% $311,250 $279,000 $289,500 3.8% 12 2

Sinagra 13 $286,000 18 $314,500 -0.9% -9.1% $304,000 $269,000 $302,000 12.3% 6 2

Wanneroo 14 $343,000 23 $370,000 -4.1% -7.3% $360,000 $225,000 -100.0% 2

Wanneroo North West 650 $229,000 1,322 $235,000 0.0% -2.6% $230,000 $229,000 $230,000 0.4% 176 63

Alkimos 186 $229,000 450 $237,000 -0.2% -3.4% $229,000 $227,000 $215,000 -5.3% 53 21

Butler 21 $152,000 40 $194,500 -12.6% -21.9% $199,000 $156,500 -100.0% 6

Clarkson 81 $261,000 110 $288,500 0.0% -9.5% $261,000 $255,000 $280,500 10.0% 19 8

Eglinton 105 $215,000 249 $216,000 -1.8% -0.5% $219,500 $227,500 $157,500 -30.8% 32 8

Jindalee 58 $309,000 104 $319,500 -1.9% -3.3% $345,000 $287,000 $306,500 6.8% 14 8

Mindarie 18 $475,000 13 $470,000 1.1% 1.1% $435,000 $360,000 $520,000 44.4% 3 7

Two Rocks 40 $186,750 98 $187,250 -0.7% -0.3% $190,000 $177,500 $191,500 7.9% 9 2

Yanchep 124 $208,500 233 $217,000 -3.0% -3.9% $226,000 $206,000 $195,000 -5.3% 38 8

Wanneroo South 215 $310,000 293 $342,000 -1.9% -9.4% $330,000 $290,000 $315,000 8.6% 60 29

Girrawheen 34 $246,000 5 $245,000 0.0% 0.4% $245,000 $247,000 $245,000 -0.8% 5 7

Landsdale 133 $325,000 223 $344,000 -1.5% -5.5% $339,000 $305,000 $340,000 11.5% 34 15

Madeley 37 $288,000 51 $345,000 2.5% -16.5% $281,000 $260,000 $295,000 13.5% 15 5



MEDIAN PRICE OF LAND SALES - PERTH NORTH WEST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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North East Sub-Region 1,028 $246,425 -2.2%

Brabham 272 $234,500 0.6%

Aveley 216 $220,125 -1.9%

Dayton 129 $250,000 -3.8%

Caversham 104 $305,000 -0.7%

Ellenbrook 79 $225,000 -3.8%

Land Market Whilst land sales activity in the North East sub-region continues to soften in the quarter, it is important to note that over coming months land sales will settle and on average lift the volumes up, as was evident in the June quarter 2016. In the June edition of Market Update, there were preliminary sales of 163, but now in the September quarter that figure has revised up to 297 sales.

Preliminary data suggests an increase in quarterly median prices for the North East sub-region, up 8.1 per cent to $259,500 from the June quarter revised median of $240,000. For the year to September 2016, the quarterly change in annual median is down 2.2 per cent and the annual change in annual median is also softer at 5.2 per cent lower to $246,425.

Brabham is the best-selling suburb in the North East sub-region for land sales, recording 272 sales in the year to September 2016. Other suburbs with top sales include, Aveley with 216, Dayton with 129, Caversham with 104 and Ellenbrook with 79.

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HOUSE SALES - NEHOUSE MEDIAN - NEPMR HOUSE MEDIAN

Source: Landgate/REIWAPERTH NORTH EAST SUB-REGION

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LAND SALES - NELAND MEDIAN - NEPMR LAND MEDIAN

PERTH NORTH EAST SUB-REGION Source: Landgate/REIWA


NORTH EASTYear to September 2016 Quarterly Change

in Annual Median %House Sales Median Price Highest Price

Guildford 32 $632,500 $1,230,000 2.8%

South Guildford 47 $558,000 $900,000 2.4%

Greenmount 43 $470,000 $890,000 2.2%

Swan View 104 $408,500 $880,000 0.9%

Lesmurdie 78 $595,000 $1,245,000 0.8%

Middle Swan 30 $376,500 $490,000 0.4%

The Vines 78 $687,500 $1,165,000 0.4%

Aveley 154 $471,000 $700,000 0.2%

Maida Vale 43 $520,000 $1,300,000 0.0%

Glen Forrest 31 $565,000 $945,000 0.0%


Housing and Multi-residential MarketPreliminary September quarter sales activity is showing a decline of 29 per cent in the North East sub-region. The decline in sales volumes is smaller in this quarter when compared to the June 2016 quarter. Just as was the case in the previous two quarters, all of the sub-markets have contributed to the decline in sales with the Mundaring sub-market recording the largest fall (down 49 per cent) for the quarter.

The preliminary North East sub-region September quarterly median was lower by 3.2 per cent to $450,000 from the revised June 2016 quarter median of $465,000. The Kalamunda sub-market has slipped 5.8 per cent, the Mundaring sub-market is down 4.0 per cent and Swan has declined by 3.9 per cent for the June quarter.

The quarterly change in the annual median for the North East sub-region is also softer, declining 1.1 per cent. In terms of longer growth rates, based on the more stable annual median, the year to September 2016 median is $460,000, down 5.2 per cent.

Guildford topped the local list for best performing suburb based on the quarterly change in the annual median, recording a 2.8 per cent increase, followed by South Guildford at 2.4 per cent and Greenmount at 2.2 per cent.

Whilst the multi-residential market is not significant in the North East sub-region, most of the activity was in the Swan sub-market. The preliminary quarterly median price for units in the North East sub-region is down 9.5 per cent from the June 2016 quarter to $310,000.

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SUB-MARKETS & SUBURBSListings at September


Quarterly Change

Annual Change


Quarterly Change

Annual Change

Kalamunda 349 246 2.1% 1.7% 70 -6 15

Mundaring 250 190 8.0% -1.0% 60 -22 -25

Swan 1,181 823 5.1% -19.5% 71 4 7

North East Sub-Region 1,780 1,259 4.9% -13.5% 69 -3 4

Perth Metro Region 14,170 8,649 -0.6% -6.5% 68 3 5


SUBMARKETS





Discounting






Discounting






Discounting



North East Sub-Region -4.0% 53.0% -6.8% -3.2% 43.8% -4.9% -3.3% 52.8% -5.6%Kalamunda -3.4% 61.6% -6.9% -3.5% 67.1% -6.0% -3.0% 55.0% -5.4%

Mundaring -4.6% 35.2% -5.8% -3.2% 43.8% -4.9% -3.5% 34.7% -5.8%

Swan -4.1% 53.3% -6.9% -4.0% 55.3% -6.9% -3.3% 56.4% -5.7%


Listing Stock and Selling Days There has been a quarterly increase of 4.9 per cent in the North East sub-region overall stock of house listings at quarter’s end. Mundaring and Swan both recorded a rise in house listings by 8.0 and 5.1 per cent respectively. Listings for houses make up 70.7 per cent of the total stock of listings in the North East sub-region.

Average selling days for houses in the North East sub-region decreased by three days to 69 days for the quarter ending September 2016, compared to the 68 days it takes to sell a house in the Perth Metro region. Both Mundaring and Kalamunda sub-markets recorded an improvement in selling days by 22 days and six days respectively. It takes four more days to sell a house in Swan in the September quarter.

Seller Sentiment - HousesThe number of sellers discounting in the current market has increased in the September quarter to 53.0 per cent from 43.8 per cent in the June 2016 quarter. The Kalamunda sub-market remains the region with the highest number of sellers discounting and on average they are discounting by 6.9 per cent. For the whole sub-region, the average discount is 6.8 per cent which is lower than the discount in the Perth Metro region of 6.7 per cent.

SELLER SENTIMENT: HOUSES - NORTH EAST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

STOCK OF HOUSE LISTINGS & SELLING DAYS - NORTH EAST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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Median %

Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

Prelim Qtly

Change

June Qtr

2016 Sales

Sept Qtr 2016

Sales

House Rent per

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North East Sub-Region 2,546 $407,500 $460,000 $551,000 $6,215,000 -1.1% -5.2% $477,500 $465,000 $450,000 -3.2% 675 482 $380 69

Kalamunda 660 $430,000 $508,561 $600,000 $1,750,000 -1.3% -3.1% $515,000 $520,000 $490,000 -5.8% 173 134 $400 70

Carmel 5 $521,000 $627,000 $912,500 $1,025,000 20.3% -15.6% $412,500 $1,025,000 148.5% 2 1 20

Forrestfield 158 $393,000 $425,000 $490,000 $900,000 -2.3% -8.6% $465,000 $419,000 $415,000 -1.0% 40 30 $370 56

Gooseberry Hill 41 $560,000 $655,000 $820,000 $1,750,000 -4.0% -10.9% $680,000 $717,500 $600,000 -16.4% 12 9 $550 59

High Wycombe 172 $423,500 $460,000 $518,500 $650,000 -4.2% -4.6% $492,000 $453,750 $447,500 -1.4% 46 37 $390 66

Kalamunda 99 $535,000 $650,000 $800,000 $1,500,000 -0.8% -4.4% $620,000 $681,000 $565,000 -17.0% 27 20 $450 94

Lesmurdie 78 $535,000 $595,000 $725,000 $1,245,000 0.8% -6.3% $630,000 $630,000 $605,000 -4.0% 22 11 $450 104

Maida Vale 43 $446,250 $520,000 $610,000 $1,300,000 0.0% -3.3% $525,000 $510,000 $555,000 8.8% 10 8 $450 62

Walliston 9 $462,500 $485,000 $587,500 $680,000 -1.0% -6.7% $510,000 $520,000 $537,500 3.4% 2 4 $425 154

Wattle Grove 50 $491,000 $535,000 $595,000 $1,200,000 -1.7% -5.7% $548,000 $530,000 $512,500 -3.3% 12 14 $420 56

Mundaring 303 $449,500 $535,000 $625,000 $1,300,000 -2.6% -2.7% $552,500 $537,500 $516,000 -4.0% 98 50 $450 60

Boya 9 $467,500 $580,000 $797,500 $864,000 -10.8% 14.7% $558,000 $650,000 $467,500 -28.1% 4 2 $650 38

Chidlow 7 $435,000 $470,000 $567,000 $640,000 0.4% 6.8% $383,500 $565,000 $330,000 -41.6% 3 1 $405 81

Darlington 54 $530,000 $616,250 $725,000 $1,140,000 -3.2% -2.6% $675,000 $626,250 $625,000 -0.2% 20 9 $450 72

Glen Forrest 31 $450,000 $565,000 $620,000 $945,000 0.0% -3.4% $574,500 $570,000 $550,000 -3.5% 12 3 $390 76

Greenmount 43 $421,500 $470,000 $565,000 $890,000 2.2% -10.0% $492,500 $460,000 $520,000 13.0% 12 8 $385 83

Helena Valley 44 $477,500 $565,000 $650,000 $1,300,000 -3.5% -7.7% $613,500 $590,000 $552,500 -6.4% 15 6 $450 30

Mahogany Creek 6 $442,000 $497,500 $549,000 $660,000 -2.9% -15.0% $590,000 $464,500 -100.0% 2 57

Mount Helena 41 $410,000 $449,000 $560,000 $710,000 -2.7% -11.5% $488,250 $450,000 $397,000 -11.8% 15 8 $430 38

Mundaring 27 $455,000 $517,000 $629,750 $785,000 -2.5% -12.4% $530,500 $490,000 $593,500 21.1% 7 6 $500 77

Parkerville 11 $401,500 $445,000 $555,000 $625,000 -3.3% -11.0% $480,000 $455,000 -100.0% 4 $475 97

Sawyers Valley 6 $360,000 $490,500 $610,000 $660,000 0.0% -6.0% $540,000 $412,500 $610,000 47.9% 2 1 $500 26

Stoneville 21 $476,000 $517,000 $582,500 $630,000 6.6% 6.1% $447,000 $522,500 $516,000 -1.2% 2 4 $350 33

Swan 1,583 $395,000 $440,000 $509,000 $6,215,000 -0.6% -3.3% $450,000 $445,000 $427,500 -3.9% 404 298 $360 71

Aveley 154 $427,000 $471,000 $525,000 $700,000 0.2% -3.9% $468,000 $490,000 $475,000 -3.1% 38 27 $390 92

Ballajura 178 $420,000 $435,500 $480,000 $1,000,000 -1.5% -10.6% $477,500 $430,000 $435,000 1.2% 41 33 $390 61

Beechboro 96 $384,000 $411,000 $450,000 $605,000 -4.3% -9.7% $450,000 $404,000 $380,000 -5.9% 26 17 $325 42

Bellevue 24 $349,500 $405,000 $440,000 $575,000 2.7% 2.5% $340,000 $407,500 $410,000 0.6% 8 7 $310 77

Bennett Springs 60 $450,000 $483,500 $538,750 $1,045,000 -2.3% -9.2% $515,000 $510,000 $457,500 -10.3% 16 8 $415 78

Brabham 67 $405,000 $440,000 $477,125 $1,287,000 -3.4% -4.3% $478,000 $447,000 $417,500 -6.6% 15 18 $360 62

Bullsbrook 30 $345,000 $390,000 $423,000 $580,000 -1.3% 5.8% $420,000 $375,000 $345,000 -8.0% 8 5 $380 80

Caversham 50 $416,000 $450,000 $495,000 $710,000 -5.3% -11.8% $508,500 $455,000 $442,500 -2.7% 17 12 $400 57

Dayton 28 $448,500 $465,000 $516,500 $6,215,000 -1.1% -1.1% $470,000 $494,000 $460,000 -6.9% 8 8 $355 69

Ellenbrook 306 $378,000 $423,750 $478,000 $740,000 -0.3% -1.7% $425,000 $413,000 $423,750 2.6% 78 60 $350 73

Guildford 32 $485,000 $632,500 $740,000 $1,230,000 2.8% -6.3% $591,500 $655,000 $580,000 -11.5% 15 3 $418 23

Hazelmere 9 $460,000 $475,000 $622,500 $710,000 -16.7% -24.8% $687,500 $417,500 $470,000 12.6% 2 3 $280 76

Henley Brook 16 $417,500 $472,500 $516,500 $942,500 -0.5% -4.5% $447,500 $417,500 $450,000 7.8% 6 3 $383 109

Herne Hill 13 $367,500 $385,000 $420,000 $555,000 0.0% 2.7% $375,000 $400,000 $370,000 -7.5% 3 3 $395 75

Jane Brook 45 $474,750 $510,000 $556,000 $745,000 -2.9% -1.2% $543,500 $514,000 $472,500 -8.1% 16 8 $400 51

Kiara 16 $432,500 $463,750 $513,000 $615,000 -0.8% -7.7% $450,000 $467,500 $460,000 -1.6% 3 4 $365 63

Koongamia 13 $318,000 $320,000 $344,500 $390,000 0.0% -14.7% $385,000 $313,000 $200,000 -36.1% 4 1 $320 13

Lockridge 39 $330,000 $365,000 $390,000 $535,000 -2.7% -7.6% $375,000 $355,000 $320,000 -9.9% 9 11 $315 41

Middle Swan 30 $335,000 $376,500 $420,000 $490,000 0.4% -0.1% $372,500 $335,000 $379,001 13.1% 5 2 $305 116

Midland 49 $344,000 $389,000 $510,000 $850,000 -0.3% -6.3% $395,000 $400,000 $369,000 -7.8% 13 7 $300 121

Midvale 14 $350,000 $385,000 $400,000 $430,000 1.3% -4.9% $370,000 $390,000 $380,000 -2.6% 3 2 $300

South Guildford 47 $455,000 $558,000 $632,500 $900,000 2.4% 9.4% $509,500 $570,000 $453,250 -20.5% 17 10 $395 67

Stratton 52 $320,000 $353,500 $385,000 $440,000 -0.4% -1.8% $349,375 $358,000 $326,000 -8.9% 8 9 $340 56

Swan View 104 $345,000 $408,500 $482,500 $880,000 0.9% -1.6% $380,000 $465,101 $387,500 -16.7% 19 21 $380 73

The Vines 78 $545,000 $687,500 $825,000 $1,165,000 0.4% 1.1% $620,000 $657,500 $592,000 -10.0% 18 11 $430 79

Viveash 13 $421,000 $530,000 $597,500 $645,000 0.5% 6.0% $450,000 $595,000 $603,000 1.3% 3 1 $398 86

Woodbridge 17 $498,500 $625,000 $745,000 $1,050,000 0.0% 13.6% $595,000 $481,000 $575,000 19.5% 4 3 $500 40


Excludes suburbs with less than 5 sales for the year & dwellings on lots greater than 1 Ha. All figures are preliminary for up to 4 months after end of quarter. © REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF ESTABLISHED HOUSE SALES FOR PERTH NORTH EAST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

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North East Sub-Region 130 $310,000 $340,000 $392,000 $1,400,000 0.0% -4.6% $332,500 $342,500 $310,000 -9.5% 28 29 $300 108

Kalamunda 24 $315,000 $390,500 $450,000 $1,400,000 1.2% 1.4% $345,000 $362,500 $354,500 -2.2% 4 6 $328 77

Forrestfield 13 $332,500 $392,000 $447,500 $460,000 -6.7% -4.3% $420,000 $295,000 $320,000 8.5% 1 3 $250 75

Kalamunda 10 $310,000 $382,000 $450,000 $590,000 9.1% 7.0% $335,000 $375,000 $389,000 3.7% 3 3 $310 53

Mundaring 2 $435,000 $450,000 $465,000 $465,000 3.4% -8.7% $320,000 $465,000 -100.0% 1 $300 236

Swan 104 $300,000 $335,000 $376,500 $560,000 -0.7% -4.9% $330,000 $337,000 $300,000 -11.0% 23 23 $300 113

Midland 56 $300,000 $325,000 $350,000 $420,000 -4.4% -7.1% $335,000 $324,500 $285,000 -12.2% 12 15 $300 89


Excludes suburbs with less than 10 sales for the year. All figures are preliminary for up to 4 months after end of quarter. © REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF ESTABLISHED MULTI-RESIDENTIAL SALES - PERTH NORTH EAST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA


Year to September 2016 Year to September 2015 Quarterly Sales Price

Land Sales

Median Price

Land Sales

Median Price


Median %


Median %

Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

Prelim Qtly Change

June Qtr 2016 Sales

Sept Qtr 2016 Sales

North East Sub-Region 1,028 $246,425 1,606 $260,000 -2.2% -5.2% $260,000 $240,000 $259,500 8.1% 297 104

Kalamunda 49 $330,000 87 $280,000 10.4% 17.9% $314,500 $280,000 $438,000 56.4% 17 8

High Wycombe 10 $230,000 14 $280,000 -6.1% -17.9% $362,000 $242,500 $225,000 -7.2% 6 2

Wattle Grove 15 $299,000 47 $280,000 3.3% 6.8% $299,000 $299,000 $480,500 60.7% 4 2

Mundaring 73 $280,000 83 $285,000 1.8% -1.8% $275,000 $285,000 $285,000 0.0% 19 12

Chidlow 11 $229,000 8 $255,000 -1.5% -10.2% $259,000 $222,000 $217,500 -2.0% 2 2

Helena Valley 24 $285,000 24 $290,000 0.9% -1.7% $267,500 $275,000 $285,000 3.6% 5 4

Swan 906 $241,175 1,436 $259,000 -2.1% -6.9% $260,000 $235,500 $250,500 6.4% 261 84

Aveley 216 $220,125 383 $248,000 -1.9% -11.2% $240,000 $198,000 $235,000 18.7% 70 21

Brabham 272 $234,500 233 $234,000 0.6% 0.2% $233,300 $234,500 $253,000 7.9% 82 18

Bullsbrook 15 $179,000 43 $171,000 1.1% 4.7% $175,500 $205,000 $242,000 18.0% 3 3

Caversham 104 $305,000 200 $309,000 -0.7% -1.3% $299,500 $309,000 $295,000 -4.5% 35 13

Dayton 129 $250,000 187 $260,000 -3.8% -3.8% $265,000 $240,000 $256,500 6.9% 26 12

Ellenbrook 79 $225,000 249 $234,000 -3.8% -3.8% $252,000 $219,000 $225,000 2.7% 17 6

The Vines 47 $299,000 77 $275,000 8.7% 8.7% $259,000 $265,000 $326,000 23.0% 14 8


Excludes suburbs with less than 10 sales for the year & lots less than 1 Ha. All land sales figures are preliminary for up to 12 months due to pre-selling.© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF LAND SALES - PERTH NORTH EAST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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South East Sub-Region 1,196 $240,000 0.0%

Piara Waters 222 $284,500 -2.2%

Byford 219 $207,500 1.0%

Hilbert 112 $194,800 -0.1%

Maddington 89 $237,000 -1.3%

Harrisdale 88 $294,000 -0.7%

Land Market Whilst land sales activity in the South East sub-region continues to soften in the quarter, it is important to note that over coming months land sales will settle and on average lift the volumes up, as was evident in the June 2016 quarter. In the June edition of Market Update, we reported land sales of 162, but now in the September quarter that figure has revised up to 340 sales.

Preliminary data suggests stability in quarterly median prices for the South East sub-region remaining at $240,000 with the June quarter revised median. For the year to September 2016, the annual change in annual median is down 2.5 per cent to $240,000.

Piara Waters is the bestselling suburb in the South East sub-region for land sales, recording 222 sales in the year to September 2016. Other suburbs with top sales include, Byford with 219 sales, Hilbert at 112 sales, Maddington with 89 sales and Harrisdale with 88 sales.

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HOUSE SALES - SEHOUSE MEDIAN - SEPMR HOUSE MEDIAN

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LAND SALES - SELAND MEDIAN - SEPMR LAND MEDIAN

PERTH SOUTH EAST SUB-REGION Source: Landgate/REIWA


SOUTH EAST

Year to September 2016 Quarterly Change in

Annual Median %

House Sales Median PriceHighest

Price

Camillo 48 $311,000 $445,000 0.3%

Southern River 111 $587,000 $1,175,000 0.2%

Beckenham 88 $449,000 $1,900,000 -0.2%

Maddington 159 $370,000 $1,500,000 -0.4%

Mount Richon 32 $433,000 $822,000 -0.5%

Armadale 183 $310,000 $1,400,000 -0.6%

Roleystone 89 $540,000 $900,000 -0.9%

Langford 47 $414,000 $580,000 -1.0%

Gosnells 230 $358,750 $670,000 -1.0%

Thornlie 262 $445,000 $600,000 -1.1%


Housing and Multi-residential Market Preliminary sales in the South East sub-region have decreased by approximately 26 per cent during the September quarter. All three sub-markets of Armadale, Gosnells and Serpentine-Jarrahdale recorded a drop in sales activity of 23 per cent, 26 per cent and 36 per cent respectively.

The preliminary South East sub-region quarterly median is down 1.1 per cent to $430,000 from a revised June quarter median of $435,000. At a sub-market level, all sub-markets fell during the quarter, Armadale (down 2.0 per cent), Gosnells (down 1.2 per cent) and Serpentine-Jarrahdale (down 1.2 per cent).

For the year to September 2016, the quarterly change in the annual median is down 1.1 per cent and the more stable annual change in annual median is also down by 3.3 per cent for the year to $435,000.

The top performing suburbs in terms of quarterly change in annual median in the sub-region include Camillo and Southern River with marginal 0.3 and 0.2 per cent improvements respectively, while the rest recorded marginal declines of up to 1.1 per cent.

Whilst the multi-residential market is not significant in the South East sub-region, most of the activity was in the Gosnells sub-market. The preliminary quarterly median price for units in the South East sub-region is up 15.6 per cent from the September 2016 quarter to $285,500 from a revised June quarter median of $247,500.

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Listing Stock and Selling Days The overall stock of house listings in the South East sub-region increased by 0.1 per cent in the September quarter. The sub-market of Gosnells saw a decrease of 7.7 per cent, whilst both Armadale and Serpentine-Jarrahdale increased by 9.8 and 1.8 per cent respectively in stock levels. House listings make up 64 per cent of total stock in the South East sub-region.

Average selling days for houses only increased by six day in the quarter to record 71 days, three day longer to sell houses than the Perth metro market. The Serpentine-Jarrahdale sub-market deteriorated by 27 days in the quarter to reach 94 selling days. It takes 72 days to sell a house in Armadale (up eight days) and 66 days in Gosnells (up by one day).

Seller Sentiment - HousesThe number of sellers discounting in the South East sub-region has increased over the September quarter to 63.7 per cent. This is 2.9 percentage points higher than the same time last year. The average discount offered by sellers in the South East sub-region is 6.6 per cent, an increase on the 6.2 per cent recorded in the June 2016 quarter. The overall market sentiment in the sub-region is still pessimistic but marginally better than the Perth Metro region by 0.1 percentage points.

STOCK OF HOUSE LISTINGS & SELLING DAYS - SOUTH EAST SEPTEMBER QUARTER 2016Source: Landgate/REIWA

SELLER SENTIMENT: HOUSES - SOUTH EAST SEPTEMBER QUARTER 2016Source: Landgate/REIWA

SUBMARKETS





Discounting






Discounting






Discounting



South East Sub-Region -3.5% 63.7% -6.6% -3.2% 61.2% -6.2% -3.3% 60.8% -5.6%

Armadale -3.1% 61.1% -5.6% -3.3% 66.7% -5.8% -3.2% 63.8% -5.9%

Gosnells -3.6% 62.7% -7.3% -3.2% 61.2% -6.2% -3.5% 57.9% -5.4%

Serpentine-Jarrahdale -3.8% 76.2% -6.6% -3.1% 71.6% -5.4% -2.7% 63.9% -5.0%


SUB-MARKETSListings at Sept


Quarterly Change

Annual Change


Quarterly Change

Annual Change

Armadale 927 548 9.8% -3.2% 72 8 2

Gosnells 858 615 -7.7% -2.5% 66 1 11

Serpentine-Jarrahdale 281 166 1.8% -4.6% 94 27 17

South East Sub-Region 2,066 1,329 0.1% -3.1% 71 6 8

Perth Metro Region 14,170 8,649 -0.6% -6.5% 68 3 5


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House Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %


Median %

Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

Prelim Qtly

Change

June Qtr 2016

Sales

Sept Qtr 2016

Sales

House Rent per

week


South East Sub-Region 2,678 $360,000 $435,000 $540,000 $3,080,000 -1.1% -3.3% $445,000 $435,000 $430,000 -1.1% 691 512 $350 71

Armadale 1,019 $325,000 $412,500 $525,000 $3,080,000 -0.6% -1.8% $420,000 $415,000 $406,500 -2.0% 250 192 $320 72

Armadale 183 $270,000 $310,000 $345,000 $1,400,000 -0.6% -3.1% $310,000 $315,000 $290,000 -7.9% 41 30 $283 78

Bedfordale 25 $660,000 $725,000 $795,000 $1,100,000 -1.0% -3.3% $745,000 $653,500 $740,000 13.2% 8 7 $500 83

Brookdale 28 $307,500 $322,500 $340,000 $405,000 -2.3% -5.1% $374,000 $330,000 $310,000 -6.1% 5 7 $308 65

Camillo 48 $285,000 $311,000 $350,000 $445,000 0.3% -2.2% $312,500 $302,500 $322,500 6.6% 11 8 $290 110

Champion Lakes 14 $430,000 $470,750 $550,000 $660,000 2.3% 2.7% $455,000 $469,500 $552,500 17.7% 6 3 $425 102

Forrestdale 5 $367,500 $400,000 $520,000 $560,000 1.1% -8.0% $391,000 $225,000 $407,500 81.1% 1 2 $375 98

Harrisdale 115 $460,000 $520,000 $612,500 $3,080,000 -2.8% -7.0% $603,000 $510,000 $530,000 3.9% 31 21 $380 44

Hilbert 32 $326,000 $406,250 $680,000 $899,000 -1.5% -23.3% $402,500 $387,000 $353,500 -8.7% 9 7 $345 88

Kelmscott 128 $315,000 $377,000 $455,000 $780,000 -2.1% -3.3% $394,000 $350,000 $385,000 10.0% 36 21 $280 50

Mount Nasura 54 $360,000 $405,000 $535,000 $700,000 -1.8% -12.0% $430,000 $389,000 $395,000 1.5% 12 11 $415 60

Mount Richon 32 $382,000 $433,000 $532,000 $822,000 -0.5% -11.6% $450,000 $500,000 $445,500 -10.9% 9 4 $330 127

Piara Waters 120 $480,000 $526,000 $600,000 $947,000 -2.6% -4.6% $554,000 $565,000 $505,000 -10.6% 31 23 $400 58

Roleystone 89 $480,000 $540,000 $638,000 $900,000 -0.9% -4.4% $560,000 $600,000 $562,250 -6.3% 13 16 $450 97

Seville Grove 144 $333,750 $385,000 $420,000 $525,000 -1.2% -3.3% $402,500 $385,000 $354,500 -7.9% 37 30 $310 57

Gosnells 1,433 $377,750 $449,000 $550,000 $1,900,000 -0.8% -3.4% $465,000 $445,500 $440,000 -1.2% 372 276 $365 66

Beckenham 88 $410,000 $449,000 $550,000 $1,900,000 -0.2% -3.4% $460,000 $436,500 $490,000 12.3% 32 15 $320 44

Canning Vale 358 $515,000 $580,000 $649,000 $1,385,000 -1.7% -5.2% $595,000 $565,000 $562,000 -0.5% 95 69 $420 64

Gosnells 230 $315,000 $358,750 $407,000 $670,000 -1.0% -5.6% $360,000 $355,000 $327,500 -7.7% 61 45 $300 61

Huntingdale 111 $379,000 $412,000 $452,501 $598,000 -1.9% -7.4% $448,000 $420,000 $420,000 0.0% 25 21 $365 50

Kenwick 50 $320,000 $393,250 $430,000 $1,000,000 -2.9% -2.9% $402,500 $360,000 $329,000 -8.6% 14 7 $340 60

Langford 47 $360,000 $414,000 $449,000 $580,000 -1.0% -3.9% $414,000 $420,000 $376,000 -10.5% 13 8 $310 90

Maddington 159 $330,500 $370,000 $415,000 $1,500,000 -0.4% -4.8% $387,000 $376,000 $372,000 -1.1% 46 31 $310 55

Martin 15 $420,000 $485,000 $586,000 $760,000 0.5% -11.8% $350,000 $630,000 $472,500 -25.0% 2 4 $310 109

Southern River 111 $522,500 $587,000 $650,000 $1,175,000 0.2% -0.8% $567,000 $572,500 $537,000 -6.2% 22 18 $420 116

Thornlie 262 $405,000 $445,000 $485,000 $600,000 -1.1% -3.3% $472,000 $440,000 $435,000 -1.1% 61 58 $355 63

Serpentine-Jarrahdale 226 $390,000 $435,000 $509,000 $1,200,000 0.0% -3.1% $440,000 $425,000 $420,000 -1.2% 69 44 $360 94

Byford 177 $385,000 $425,000 $490,000 $935,000 -1.2% -3.4% $435,000 $420,000 $407,500 -3.0% 57 34 $355 79

Jarrahdale 15 $292,000 $420,000 $633,500 $720,000 -12.5% -21.6% $658,000 $535,000 $285,000 -46.7% 6 3 $490 103

Mundijong 13 $420,000 $442,500 $524,500 $630,000 1.7% 7.8% $412,500 $411,500 $457,500 11.2% 2 2 $490 143

Serpentine 12 $463,000 $512,500 $607,500 $710,000 -4.7% -12.4% $675,000 $380,000 $645,000 69.7% 2 3 $500 73


Excludes suburbs with less than 5 sales for the year & dwellings on lots greater than 1 Ha. All figures are preliminary for up to 4 months after end of quarter. © REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF ESTABLISHED HOUSE SALES - PERTH SOUTH EAST SUBURBS SEPTEMBER QUARTER 2016 Source: Landgate/REIWA

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Unit Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %


Median %

Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

Prelim Qtly Change

June Qtr 2016

Sales

Sept Qtr 2016

Sales

Unit Rent per

week


South East Sub-Region 107 $249,000 $300,000 $345,000 $1,100,000 -3.2% -6.3% $319,500 $247,000 $285,500 15.6% 22 20 $290 94

Armadale 43 $208,750 $260,000 $292,000 $725,000 -3.7% -15.9% $275,000 $210,000 $282,000 34.3% 13 9 $280 77

Armadale 28 $200,000 $238,250 $282,000 $339,000 -3.5% -24.3% $299,000 $222,000 $200,000 -9.9% 10 5 $275 66

Kelmscott 10 $277,500 $284,000 $300,000 $315,000 1.3% -4.5% $275,000 $242,500 $289,000 19.2% 2 3 $280 60

Gosnells 64 $287,500 $326,250 $365,000 $1,100,000 -4.0% -6.8% $340,000 $315,000 $317,500 0.8% 9 11 $300 105

Beckenham 14 $332,500 $361,750 $380,000 $390,000 -3.9% -4.3% $430,000 $330,000 $332,500 0.8% 2 1 $340 98

Gosnells 23 $273,750 $320,000 $347,000 $1,100,000 -2.3% -2.6% $352,500 $290,000 $296,250 2.2% 5 4 $290 68

Thornlie 13 $262,000 $310,000 $376,500 $450,000 -4.6% -5.3% $325,000 $329,000 $249,000 -24.3% 2 3 $325 106


Excludes suburbs with less than 10 sales for the year. All figures are preliminary for up to 4 months after end of quarter.© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF ESTABLISHED MULTI-RESIDENTIAL SALES - PERTH SOUTH EAST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA


Year to Sepember 2016 Year to Sepember 2016 Quarterly Sales Price

Land Sales

Median Price

Land Sales

Median Price


Median %


Median %


Prelim Qtly Change

June Qtr 2016 Sales

Sept Qtr 2016 Sales

South East Sub-Region 1,196 $240,000 2,364 $246,200 0.0% -2.5% $240,000 $240,000 $240,000 0.0% 340 93

Armadale 599 $250,000 1,167 $257,000 -2.0% -2.7% $265,000 $237,000 $241,500 1.9% 171 44

Armadale 17 $135,000 13 $310,000 0.0% -56.5% $135,000 $159,000 $229,500 44.3% 5 2

Bedfordale 16 $332,500 16 $342,500 -0.7% -2.9% $335,000 $345,000 -100.0% 3

Champion Lakes 10 $217,000 12 $252,500 -4.8% -14.1% $243,500 $214,500 $209,000 -2.6% 6 3

Harrisdale 88 $294,000 275 $280,000 -0.7% 5.0% $299,000 $290,000 $289,500 -0.2% 23 4

Haynes 68 $210,000 125 $222,000 -2.3% -5.4% $222,500 $209,000 $178,500 -14.6% 20 4

Hilbert 112 $194,800 205 $185,300 -0.1% 5.1% $192,100 $195,000 $186,000 -4.6% 35 9

Piara Waters 222 $284,500 387 $302,000 -2.2% -5.8% $302,250 $295,000 $284,750 -3.5% 60 18

Roleystone 11 $295,000 13 $290,000 0.0% 1.7% $290,000 $295,000 $290,000 -1.7% 3 1

Seville Grove 45 $192,000 96 $234,500 -8.8% -18.1% $210,500 $190,000 $175,000 -7.9% 14 1

Gosnells 316 $275,000 601 $282,000 0.0% -2.5% $277,000 $260,000 $289,000 11.2% 77 28

Beckenham 55 $300,000 107 $280,000 2.4% 7.1% $281,500 $284,500 $322,500 13.4% 20 6

Canning Vale 14 $430,000 34 $312,000 9.6% 37.8% $371,500 $545,000 $444,250 -18.5% 2 2

Gosnells 21 $182,000 50 $236,500 -18.3% -23.0% $235,247 $250,000 -100.0% 6

Huntingdale 16 $282,500 6 $295,000 2.3% -4.2% $283,000 $260,000 $289,000 11.2% 1 2

Maddington 89 $237,000 76 $256,500 -1.3% -7.6% $250,000 $256,000 $240,000 -6.3% 24 7

Martin 29 $265,000 91 $268,000 -1.3% -1.1% $285,000 $279,000 -100.0% 8

Southern River 80 $339,000 216 $325,000 1.2% 4.3% $325,000 $327,500 $335,000 2.3% 12 9

Thornlie 10 $290,000 15 $295,000 -1.7% -1.7% $301,000 $251,500 $400,000 59.0% 4 1

Serpentine-Jarrahdale 281 $205,000 596 $203,500 0.5% 0.7% $200,000 $211,250 $199,000 -5.8% 92 21

Byford 219 $207,500 467 $207,000 1.0% 0.2% $204,000 $212,250 $206,500 -2.7% 72 12

Darling Downs 10 $241,250 33 $216,500 11.2% 11.4% $205,000 $227,500 $242,750 6.7% 3 2

Whitby 47 $192,000 90 $180,000 3.8% 6.7% $181,000 $199,000 $195,000 -2.0% 16 7


Excludes suburbs with less than 10 sales for the year & lots less than 1 Ha. All land sales figures are preliminary for up to 12 months due to pre-selling.© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF LAND SALES - PERTH SOUTH EAST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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Housing and Multi-residential Market Preliminary sales figures for the September quarter indicate the South West sub-region had weaker sales activity by 26 per cent. Significant drops in sales volumes were felt across all three sub-markets. 26 per cent in Cockburn, 34 per cent in Kwinana and 24 per cent in Rockingham.

The preliminary quarterly median for the South West sub-region is down by 4.4 per cent to $430,000 from a revised June quarter median of $450,000. Sub-markets experienced mixed motion in preliminary quarterly medians with Kwinana and Rockingham in decline by four and 3.6 per cent respectively, whilst Cockburn saw a marginal increase of one per cent.

Looking at the annual median, there were reductions in the annual change in annual medians across all sub-markets, with the sub-region recording a decline of 3.3 per cent to $445,000. Top suburbs in terms of quarterly change in annual median is Coogee at 3.0 per cent, Beeliar at 2.0 per cent and South Lake at 1.1 per cent.

In the multi-residential market, unit sales maintained positive levels of activity in the Cockburn and Kwinana sub-markets with a lift of nine and 75 per cent respectively in September 2016 quarter. The Rockingham sub-markets recorded a drop of 66 per cent in sales activity. The September preliminary quarterly median price is higher by 1.4 per cent to $350,000 over the revised June quarter median of $345,000.

Land Market Whilst preliminary land sales activity in the South West sub-region continues to soften in the quarter it is important to note that over coming months land sales will settle and on average lift the volumes up, as was evident in the June quarter 2016. In the June edition of Market Update, we reported land sales of 162, but now in the June quarter that figure has revised up to 413 sales.

Preliminary data suggests an increase in quarterly median prices for the South West sub-region, up 16.7 per cent to $283,500 from the June quarter revised median of $243,000. For the year to September 2016, the quarterly change in annual median is up by 1.3 per cent, but the annual change in annual median is lower at -2.7 per cent.

Baldivis is the bestselling suburb in the South West sub-region for land sales, recording 325 sales for the year to September 2016. Other suburbs with top sales include, Wellard at 221 sales, Golden Bay at 129, Wandi at 128 sales and Banjup at 76 sales.

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

0

300

600

900

1,200

1,500

1,800


HOUSE SALES - SWHOUSE MEDIAN - SWPMR HOUSE MEDIAN

Source: Landgate/REIWAPERTH SOUTH WEST SUB-REGION

10 Year Ave

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000

$325,000

$350,000

0

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400

600

800

1,000

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LAND SALES - SWLAND MEDIAN - SWPMR LAND MEDIAN

PERTH SOUTH WEST SUB-REGION Source: Landgate/REIWA


SOUTH WEST


in Annual Median %

House Sales Median Price Highest Price

Coogee 42 $750,000 $1,340,000 3.0%

Beeliar 97 $540,000 $2,050,000 2.0%

South Lake 88 $460,000 $568,000 1.1%

Shoalwater 62 $470,000 $1,580,000 1.1%

Munster 66 $580,000 $1,400,000 0.9%

Waikiki 183 $380,000 $825,000 0.5%

Bibra Lake 62 $532,500 $910,000 0.5%

Safety Bay 111 $400,000 $950,000 0.1%

Leda 39 $325,000 $455,000 0.0%

Port Kennedy 179 $400,000 $820,000 0.0%

Singleton 47 $425,000 $795,000 0.0%





South West Sub-Region 1,437 $243,000 1.3%

Baldivis 325 $200,000 -2.0%

Wellard 221 $216,000 -1.8%

Golden Bay 129 $210,000 0.0%

Wandi 128 $279,500 0.0%

Banjup 76 $292,150 -1.2%

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Listing Stock and Selling Days The South West sub-region experienced a slight lift in overall house listings through the September quarter, up one per cent. At a sub-market level, Kwinana experienced the largest increase in listings, up 5.5 per cent. Cockburn and Rockingham remained steady with a marginal increase of 0.7 and zero per cent throughout the September quarter.

The latest figures for the South West sub-region show average selling days for houses increased by three days to 76 days over the quarter. This is still eight days higher than the Perth Metro region’s average, which sits at 68 days. Rockingham recorded the highest increase in average selling days of 12 days, it now takes 76 days to sell a house.

STOCK OF HOUSE LISTINGS & SELLING DAYS - SOUTH WEST SEPTEMBER QUARTER 2016Source: Landgate/REIWA

Seller Sentiment - HousesThere are 52.3 per cent of sellers discounting their houses in the current market in the South West sub-region. This is 4.5 percentage points higher than the same time last year. The average discount of those sellers in the sub-region is 6.5 per cent in the September quarter which is slightly lower than the average discount in the Perth Metro region. The overall market sentiment in the South West sub-region is more positive than the Perth metro region at -3.5 per cent.

SELLER SENTIMENT: HOUSES - SOUTH WEST SEPTEMBER QUARTER 2016Source: Landgate/REIWA

SUBMARKETS





Discounting






Discounting






Discounting



South West Sub-Region -3.5% 52.3% -6.5% -3.1% 60.6% -5.9% -3.2% 56.8% -5.8%

Cockburn -3.5% 52.3% -6.5% -3.2% 54.7% -6.1% -3.4% 55.6% -5.7%

Kwinana -4.3% 49.6% -7.1% -3.6% 45.4% -5.5% -3.4% 44.4% -4.4%

Rockingham -3.7% 65.6% -6.6% -3.1% 60.6% -5.9% -3.1% 60.9% -6.1%


SUB-MARKETSListings at


House ListingsQuarterly Change

Annual Change


Quarterly Change

Annual Change

Cockburn 1,082 569 0.7% -4.2% 74 1 3

Kwinana 352 269 5.5% -26.1% 76 12 2

Rockingham 1,415 966 0.0% -0.5% 79 2 4

South West Sub-Region 2,849 1,804 1.0% -6.5% 76 3 4

Perth Metro Region 14,170 8,649 -0.6% -6.5% 68 3 5 Note: Listings to Dwelling Stock Ratio = Dwelling Listings as a percentage of estimated Dwelling Stock

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House Sales

Lower Quartile

Median Price

Upper Quartile

Highest Price


Median %


Median %

Sept Qtr 2015

June Qtr 2016

Sept Qtr 2016 (P)

Prelim Qtly Change

June Qtr 2016

Sales

Sept Qtr 2016

Sales

House Rent per

week


South West Sub-Region 3,385 $370,000 $445,000 $536,750 $2,050,000 -1.1% -3.3% $445,000 $450,000 $430,000 -4.4% 870 641 $350 76

Cockburn 1,185 $465,000 $525,000 $615,000 $2,050,000 -0.9% -5.4% $530,000 $515,000 $520,000 1.0% 314 232 $390 74

Atwell 113 $485,000 $535,000 $600,000 $1,270,000 -0.9% -6.1% $537,500 $512,000 $527,500 3.0% 27 18 $405 65

Aubin Grove 78 $505,000 $579,500 $663,500 $830,000 -0.1% -5.8% $593,000 $569,500 $605,000 6.2% 20 16 $415 89

Banjup 10 $515,000 $592,500 $795,000 $869,000 -1.3% -13.5% $685,000 $595,000 $690,000 16.0% 2 4 $445 109

Beeliar 97 $490,000 $540,000 $617,500 $2,050,000 2.0% 0.4% $493,000 $557,000 $575,500 3.3% 28 18 $390 62

Bibra Lake 62 $470,000 $532,500 $627,000 $910,000 0.5% -7.8% $605,000 $517,500 $565,000 9.2% 12 13 $420 61

Coogee 42 $687,000 $750,000 $875,000 $1,340,000 3.0% -6.3% $767,500 $760,000 $815,000 7.2% 14 8 $473 65

Coolbellup 64 $469,000 $501,000 $525,000 $660,000 -1.8% -8.1% $520,000 $492,500 $486,500 -1.2% 18 13 $330 53

Hamilton Hill 140 $440,000 $513,500 $580,000 $1,100,000 -1.0% -6.6% $542,500 $488,500 $520,000 6.4% 34 27 $380 63

Hammond Park 50 $487,500 $543,000 $615,000 $720,000 -0.4% -7.7% $525,000 $510,000 $525,000 2.9% 9 14 $395 79

Jandakot 22 $590,000 $680,000 $750,000 $1,035,000 -1.4% -0.5% $812,000 $614,500 $545,000 -11.3% 8 2 $468 51

Munster 66 $510,000 $580,000 $679,000 $1,400,000 0.9% -4.1% $535,000 $550,000 $580,000 5.5% 15 9 $400 86

North Coogee 21 $1,045,000 $1,155,000 $1,237,500 $1,500,000 0.4% 0.4% $1,150,000 $1,045,000 $1,195,000 14.4% 6 3 $830 59

North Lake 11 $661,500 $710,000 $752,500 $860,000 -1.0% -6.6% $720,000 $750,000 $680,250 -9.3% 1 2 $498 65

South Lake 88 $423,750 $460,000 $500,000 $568,000 1.1% 0.0% $435,000 $480,000 $430,000 -10.4% 32 15 $340 55

Spearwood 124 $420,000 $498,500 $575,000 $1,230,000 -1.5% -6.8% $510,000 $495,000 $487,500 -1.5% 36 19 $375 101

Success 105 $490,000 $525,000 $579,500 $785,000 -2.8% -5.8% $540,000 $538,000 $515,000 -4.3% 29 29 $420 80

Yangebup 90 $405,000 $457,500 $540,000 $890,000 -0.5% -5.2% $467,500 $490,000 $432,500 -11.7% 23 22 $373 79

Kwinana 487 $290,000 $357,000 $426,500 $925,000 -0.8% -4.8% $360,000 $354,000 $340,000 -4.0% 128 85 $330 76

Bertram 89 $360,000 $405,000 $443,000 $567,000 -1.2% -3.6% $409,750 $379,500 $374,500 -1.3% 14 16 $340 99

Calista 27 $292,500 $325,000 $339,500 $475,000 -1.5% 1.6% $332,500 $320,000 $290,000 -9.4% 6 3 $275 49

Kwinana Town Centre 5 $310,000 $325,000 $330,000 $330,000 -1.5% -8.0% $350,500 $325,000 $310,000 -4.6% 1 1 $300 67

Leda 39 $295,000 $325,000 $361,750 $455,000 0.0% -5.5% $327,500 $350,000 $307,500 -12.1% 11 8 $300 79

Medina 47 $222,500 $245,000 $300,000 $405,000 -9.3% -15.5% $295,000 $256,975 $193,500 -24.7% 10 7 $265 78

Orelia 60 $262,000 $300,000 $365,000 $525,000 -1.6% -11.8% $329,000 $315,000 $276,000 -12.4% 19 9 $290 72

Parmelia 75 $263,000 $290,000 $338,750 $480,000 -3.3% -9.4% $305,000 $280,000 $279,000 -0.4% 25 19 $290 49

Wandi 19 $459,000 $505,000 $537,500 $759,000 0.0% -10.8% $570,000 $470,000 $530,000 12.8% 4 3 $380 138

Wellard 121 $392,750 $430,000 $500,000 $745,000 -1.6% -6.5% $450,000 $430,000 $386,250 -10.2% 35 18 $340 66

Rockingham 1,713 $356,000 $415,000 $485,000 $1,600,000 0.0% -3.5% $415,000 $415,000 $400,000 -3.6% 428 324 $350 79

Baldivis 416 $390,000 $435,000 $495,000 $1,200,000 -1.1% -5.4% $435,500 $438,000 $410,000 -6.4% 113 85 $350 72

Cooloongup 95 $290,000 $321,000 $350,000 $525,000 -2.1% -5.6% $330,000 $320,000 $303,100 -5.3% 31 14 $300 79

Golden Bay 52 $348,750 $380,000 $453,500 $710,000 -3.8% -9.5% $410,000 $380,000 $350,000 -7.9% 16 7 $330 79

Hillman 19 $277,500 $294,000 $315,000 $410,000 -1.2% -5.2% $295,000 $320,000 $270,750 -15.4% 4 4 $300 63

Karnup 12 $405,000 $405,000 $439,000 $670,000 0.0% -17.8% $550,000 $405,000 $405,000 0.0% 8 1 $350 190

Port Kennedy 179 $366,000 $400,000 $455,395 $820,000 0.0% -2.1% $400,000 $415,000 $380,000 -8.4% 35 35 $368 81

Rockingham 190 $345,000 $420,000 $520,000 $1,600,000 -2.8% -8.7% $450,000 $425,000 $400,000 -5.9% 47 39 $320 76

Safety Bay 111 $368,500 $400,000 $480,000 $950,000 0.1% -9.9% $430,000 $385,000 $460,000 19.5% 26 19 $315 82

Secret Harbour 200 $410,000 $479,000 $560,000 $1,110,000 -0.2% 0.8% $470,000 $463,000 $460,000 -0.6% 50 39 $380 68

Shoalwater 62 $380,000 $470,000 $587,000 $1,580,000 1.1% -3.3% $385,000 $455,000 $492,500 8.2% 15 10 $345 78

Singleton 47 $388,500 $425,000 $487,500 $795,000 0.0% -7.6% $380,000 $454,500 $432,500 -4.8% 10 4 $365 97

Waikiki 183 $320,000 $380,000 $440,000 $825,000 0.5% -5.0% $365,000 $382,500 $392,000 2.5% 46 35 $350 98

Warnbro 147 $328,500 $365,000 $420,000 $1,315,000 -5.2% -3.3% $387,500 $348,000 $350,000 0.6% 27 32 $325 79


Excludes suburbs with less than 5 sales for the year & dwellings on lots greater than 1 Ha. All figures are preliminary for up to 4 months after end of quarter.© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF ESTABLISHED HOUSE SALES - PERTH SOUTH WEST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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June Qtr 2016

Sept Qtr 2016 (P)

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South West Sub-Region 379 $277,000 $350,000 $400,000 $2,220,000 0.3% -2.9% $349,500 $345,000 $350,000 1.4% 97 65 $320 103

Cockburn 181 $345,000 $380,000 $440,000 $2,220,000 -1.3% -7.3% $397,500 $385,000 $392,000 1.8% 35 38 $330 73

Beeliar 13 $310,000 $345,000 $349,000 $396,000 -1.1% -0.6% $389,000 $391,000 $345,000 -11.8% 2 4 $325

Bibra Lake 21 $325,000 $350,000 $402,000 $480,000 2.9% 2.9% $252,500 $340,000 $384,000 12.9% 4 4

Cockburn Central 20 $379,000 $409,500 $465,000 $498,500 -2.0% -11.3% $422,500 $400,000 $403,000 0.8% 3 1 $350 85

Hamilton Hill 34 $325,000 $369,500 $410,000 $550,000 4.1% -0.1% $340,000 $400,000 $410,000 2.5% 7 9 $320 67

North Coogee 23 $464,000 $550,000 $660,000 $2,220,000 3.8% -15.2% $727,500 $485,000 $642,500 32.5% 6 4 $395 266

Spearwood 24 $339,500 $392,000 $447,500 $479,000 4.5% 4.5% $237,500 $297,500 $375,000 26.1% 2 5 $325 50

Success 25 $355,000 $360,000 $394,500 $495,000 -4.0% -16.3% $400,000 $338,750 $365,000 7.7% 6 5 $320

Kwinana 29 $185,000 $253,000 $350,000 $365,000 -3.1% 10.7% $252,500 $171,500 $170,000 -0.9% 4 7 $220 147

Orelia 11 $176,500 $185,000 $210,250 $253,000 0.0% -9.5% $190,000 $166,500 $167,500 0.6% 2 4 $210 150

Wellard 11 $360,000 $360,000 $360,000 $365,000 0.0% 4.3% $390,000 $320,000 2 $300 105

Rockingham 169 $250,000 $295,000 $365,000 $1,225,000 0.0% -9.2% $297,500 $316,500 $292,500 -7.6% 58 20 $280 123

Baldivis 28 $277,000 $360,000 $385,000 $409,000 -1.4% 0.0% $358,000 $345,000 $296,000 -14.2% 13 4 $315 145

Rockingham 90 $240,000 $280,000 $359,000 $1,225,000 -5.1% -15.2% $325,000 $318,000 $323,500 1.7% 29 10 $280 89

Shoalwater 33 $230,000 $275,000 $325,000 $685,000 -5.2% -5.2% $290,000 $248,000 $257,500 3.8% 9 4 $250 85

Waikiki 10 $298,000 $349,500 $377,000 $409,000 2.8% 10.0% $285,500 $368,000 $327,500 -11.0% 4 2 $285 162


Excludes suburbs with less than 5 sales for the year. All figures are preliminary for up to 4 months after end of quarter.© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

MEDIAN PRICE OF ESTABLISHED MULTI-RESIDENTIAL SALES - PERTH SOUTH WEST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA


Year to September 2016 Year to September 2016 Quarterly Sales Price

Land Sales

Median Price

Land Sales

Median Price


Median %


Median %


Prelim Qtly Change

June Qtr 2016

Sales

Sept Qtr 2016

Sales

South West Sub-Region 1,437 $243,000 2,585 $249,700 1.3% -2.7% $240,000 $243,000 $283,500 16.7% 413 148

Cockburn 446 $315,000 846 $318,250 -1.4% -1.0% $329,000 $300,000 $312,500 4.2% 134 66

Banjup 76 $292,150 219 $303,500 -1.2% -3.7% $322,500 $289,000 $293,600 1.6% 29 10

Beeliar 63 $299,000 84 $319,000 -0.3% -6.3% $324,000 $283,000 $299,000 5.7% 20 7

Coogee 33 $435,000 51 $430,000 -0.6% 1.2% $440,000 $436,250 $421,000 -3.5% 10 4

Coolbellup 29 $235,000 30 $260,000 0.0% -9.6% $235,000 $225,000 $297,500 32.2% 16 3

Hamilton Hill 22 $230,000 32 $289,500 -4.2% -20.6% $247,500 $340,000 $218,000 -35.9% 6 4

Hammond Park 42 $337,450 81 $320,000 -2.8% 5.5% $347,000 $323,000 $326,000 0.9% 16 8

Munster 33 $315,000 40 $317,500 2.6% -0.8% $270,000 $290,000 $315,000 8.6% 7 3

North Coogee 44 $504,000 51 $575,000 -4.9% -12.3% $617,500 $458,750 $470,000 2.5% 14 11

Spearwood 39 $380,000 111 $371,000 1.3% 2.4% $370,000 $339,500 $310,000 -8.7% 6 5

Success 53 $300,000 102 $317,500 -0.7% -5.5% $289,000 $300,000 $282,500 -5.8% 9 8

Kwinana 407 $228,000 761 $241,000 -0.9% -5.4% $237,000 $217,000 $310,000 42.9% 118 26

Kwinana Town Centre 22 $165,000 29 $210,000 0.0% -21.4% $165,000 $160,000 -100.0% 5

Parmelia 26 $212,500 28 $222,500 -1.2% -4.5% $220,000 $210,000 $225,000 7.1% 7 1

Wandi 128 $279,500 233 $295,000 0.0% -5.3% $286,000 $262,000 $300,000 14.5% 29 7

Wellard 221 $216,000 459 $232,500 -1.8% -7.1% $228,000 $209,000 $325,000 55.5% 72 17

Rockingham 584 $206,000 978 $215,000 -0.5% -4.2% $210,000 $207,000 $207,500 0.2% 161 56

Baldivis 325 $200,000 583 $215,000 -2.0% -7.0% $214,500 $199,000 $199,500 0.3% 87 32

Golden Bay 129 $210,000 133 $215,000 0.0% -2.3% $210,000 $195,000 $195,000 0.0% 26 9

Karnup 38 $190,001 118 $180,000 0.3% 5.6% $180,000 $200,000 $200,000 0.0% 15 3

Secret Harbour 25 $375,000 39 $240,000 13.6% 56.3% $240,000 $355,000 $390,000 9.9% 7 3

Singleton 22 $242,000 31 $265,000 -0.4% -8.7% $265,000 $247,000 $392,500 58.9% 11 2

Waikiki 13 $195,000 25 $225,000 0.0% -13.3% $200,000 $190,000 -100.0% 5


Excludes suburbs with less than 10 sales for the year & lots less than 1 Ha. All land sales figures are preliminary for up to 12 months due to pre-selling© REIWA - For the exclusive use of REIWA Subscribers. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright

MEDIAN PRICE OF LAND SALES - PERTH SOUTH WEST SUBURBS SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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September 2016The overall median weekly rent for the Perth Metro Region has dropped by 2.6 per cent on a quarterly basis to record $370 for the September 2016 quarter. This is down by 7.5 per cent on the same time last year. The volume of leased properties for the Perth Metro Region increased by 11.5 per cent for the September 2016 quarter to record 13,881 leased properties. Over 50 per cent of these leases were for properties in the Central sub-region. Compared to a year ago, leases have increased by 10.3 per cent.

The Perth Metro Region vacancy rate lifted from 6.0 per cent in the June quarter to 6.6 per cent for the latest September 2016 quarter. The vacancy rate has been trending higher since the beginning of the year and the latest quarterly increase reflects the strong lift in properties listed for rent in the market which also continue to trend higher.

A key influencer of the Perth rental market are the trends in migration. The recent population figures from the ABS reveals that net interstate migration continued to worsen during the March 2016 quarter. This, together with subdued overseas migration figures has ensured that population growth is only increasing at a slow rate of 1.2% per annum.

SEPTEMBER QUARTER 2016

Median Weekly

Rent

Quarterly Change

Annual Change

House $380 -2.6% -9.5%

Unit $350 -2.8% -10.3%

Total $370 -2.6% -7.5%

Gross rental yields, Perth (1)

Houses 3.9% +0.1 pts -0.2 pts

Units 4.3% -0.3 pts -0.4 pts

Vacancy Rate 6.6% +0.6 pts +1.0 pts

1 The median rental yield is a measure of rental income as a proportion of current property values. The yield is calculated on median rent and and median price. This is a gross measure of yields and does not take account of expenses incurred in owning a rental property, rental vacancies, or depreciation of a rental property.

2 The vacancy rate is a measure of the proportion of the total stock of agency managed rental properties that is unoccupied. The vacancy rate is obtained from surveys of real estate agents that manage rental properties.

PERTH RENTAL MARKET SEPTEMBER QUARTER 2016

Perth Metro RegionProperty Leased

Quarterly Change

Annual Change

Median RentQuarterly Change

Annual Change

Active Listings

Quarterly Change

Annual Change

Average Leasing

Days

Quarterly Change in days

Annual Change in daysSeptember Qtr 2016 House Unit Overall

PERTH METRO REGION 13,887 11.5% 10.4% $380 $350 $370 -2.6% -7.5% 10,709 -2.8% 29.2% 53 5 20

Central Sub-Region 7,617 11.3% 7.2% $420 $355 $390 -1.3% -7.1% 5,837 -4.8% 21.7% 53 6 17

Inner Sector 3,318 12.1% 5.1% $520 $385 $410 -2.4% -8.9% 2,481 -6.9% 10.9% 52 7 13

Fremantle 324 12.5% 27.6% $495 $380 $440 1.7% -5.9% 194 -22.4% 23.6% 52 13 17

Perth City 943 19.1% 5.0% $438 $420 $425 -5.6% -11.5% 707 -9.7% -4.2% 53 7 8

South Perth/Victoria Park 849 0.7% 0.5% $400 $350 $370 -2.6% -7.5% 761 1.2% 25.6% 55 7 19

Vincent 249 1.6% 5.5% $475 $398 $430 -4.4% -10.4% 177 -3.3% 22.1% 48 -2 21

Western Suburbs 953 20.2% 3.3% $700 $350 $450 2.3% -9.1% 642 -7.8% 8.4% 52 7 12

Middle Sector 4,299 10.7% 8.8% $395 $340 $370 -2.6% -7.5% 3,356 -3.3% 31.2% 53 6 20

Bassendean/Bayswater 638 0.6% 8.9% $395 $320 $370 2.8% -6.3% 489 -8.1% 20.1% 54 6 19

Belmont 524 21.6% 20.2% $360 $350 $360 -5.3% -10.0% 399 -3.6% 42.5% 53 12 18

Canning 609 6.1% -6.7% $380 $330 $360 -3.4% -7.7% 525 -4.4% 27.1% 57 6 23

Melville 585 13.2% 7.9% $450 $360 $420 -2.3% -6.7% 460 -0.6% 19.8% 51 2 18

Stirling East 1,002 -0.3% 9.6% $350 $320 $340 -2.9% -8.1% 937 11.7% 40.7% 55 2 24

Stirling SE 233 14.2% 20.1% $495 $300 $350 -7.3% -12.5% 169 -6.6% 21.6% 55 17 16

Stirling West 708 36.7% 13.1% $480 $395 $440 -2.2% -8.3% 377 -23.4% 40.1% 49 15 14

Outer Sub-Regions 6,270 11.8% 14.6% $360 $316 $355 -4.1% -11.2% 4,872 -0.2% 39.6% 52 4 24

North East 1,053 10.4% 14.3% $380 $300 $360 -5.3% -12.2% 758 -5.0% 40.1% 54 8 31

Kalamunda 232 -1.3% 4.5% $400 $328 $395 -1.3% -10.2% 154 -2.5% 38.7% 49 1 27

Mundaring 61 -20.8% -9.0% $450 $300 $440 -2.2% 0.0% 37 -2.6% 27.6% 45 9 7

Swan 760 18.4% 20.3% $360 $300 $350 0.0% -12.5% 567 -5.8% 41.4% 56 10 35

North West 1,916 14.4% 13.8% $380 $350 $375 -2.6% -9.6% 1,474 -0.3% 29.1% 52 3 22

Joondalup North 380 27.1% 10.5% $410 $350 $390 -2.5% -6.6% 271 -5.2% 19.9% 53 3 24

Joondalup South 384 2.9% 10.0% $430 $390 $430 0.0% -10.4% 234 -10.7% 14.1% 48 3 21

Wanneroo North East 243 10.0% -0.8% $393 $340 $390 -2.5% -9.3% 182 9.0% 28.2% 47 -3 17

Wanneroo North West 706 17.5% 20.9% $340 $340 $340 -2.9% -12.8% 628 5.7% 38.0% 57 3 20

Wanneroo South 203 12.2% 25.3% $413 $340 $400 1.3% 0.0% 159 -5.9% 39.5% 50 6 34

South East 1,210 8.8% 5.4% $350 $290 $340 -5.6% -10.5% 970 4.3% 47.4% 50 10 27

Armadale 446 10.9% 5.9% $320 $280 $300 -11.8% -14.3% 373 8.4% 37.1% 48 9 25

Gosnells 656 7.4% 1.1% $365 $300 $350 -2.8% -7.9% 527 4.4% 56.4% 52 10 27

Serpentine-Jarrahdale 108 9.1% 38.5% $360 $360 -5.3% -12.7% 70 -13.6% 42.9% 50 11 41

South West 2,091 12.1% 21.6% $350 $320 $350 -2.8% -10.3% 1,670 -0.4% 45.3% 53 (0) 22

Cockburn 796 7.7% 12.7% $390 $330 $380 -3.8% -9.5% 658 9.5% 54.8% 50 1 18

Kwinana 350 23.7% 51.5% $330 $220 $320 -3.0% -11.1% 252 -12.8% 65.8% 55 12 16

Rockingham 945 12.1% 20.8% $350 $280 $340 -2.9% -10.5% 760 -3.4% 32.9% 54 -5 27

Sourced from Rental Data/Perth Sub-market Summary Table by PPR

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Rent analysis by bedroom numbers

House Rents Sept Quarter 2016

1-2 Beds 3 Beds 4 Beds 5+ Beds Total

Upper Quartile $360 $410 $495 $795 $450

Median Rent $300 $360 $420 $580 $380

Lower Quartile $275 $320 $370 $475 $330

Unit Rents Sept Quarter 2016

1 Beds 2 Beds 3 Beds 4 Beds5+

BedsTotal

Upper Quartile $315 $375 $410 $495 $795 $450

Median Rent $275 $315 $360 $420 $580 $380

Lower Quartile $223 $280 $320 $370 $475 $330

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 Sep-16Central Sub-Region North West Sub-RegionNorth East Sub-Region South East Sub-RegionSouth West Sub-Region

PERTH SUB-REGIONAL RENTAL LISTINGS Source: reiwa.com

- 100 200 300 400 500 600 700 800 900

Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 Sep-16Fremantle Perth CitySouth Perth/Victoria Park Vincent/Stirling SEWestern Suburbs

INNER MARKETS RENTAL LISTINGS Source: reiwa.com

The table and graphics illustrate the quarterly and annual change in rental listings grouped into the various sub-regions of the Perth metro region.

The annual increase in rental listings was strongest in the South East sub-region lifting 47 per cent, followed by the South West sub-region at 45%. The overall trend is consistent with what has been noted in the past where in general terms, a consistent upward trend in listings can be seen across most areas.

Rental listings decreased by approximately three per cent at the end of the September quarter to 10,709 listings. However, in comparison to the same time last year, listings are up by 29 per cent. In terms of composition, around 55 per cent of these listings are located in the Central sub-region whilst the remaining 45 per cent are located in the Outer sub-regions.

$150

$200

$250

$300

$350

$400

$450

$500

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

S-09 D M-10 J S-10 D M-11 J S-11 D M-12 J S-12 D M-13 J S-13 D M-14 J S-14 D M-15 J S-15 D M-16 J S-16

Vacancy rate (LHS)

Median rent ($/week)

PERTH METROPOLITAN REGION Source: reiwa.com & Member Surveys

3% Equilibrium

Source: reiwa.comPerth Metropolitan Rental ListingsTotal Listings Houses Units

SAMPLE


ANNUAL RESULTS QUARTERLY RESULTS

Year to Sept 2015 Year to Sept 2016 Sept Qtr 2015 Mar Qtr 2016 Jun Qtr 2016 Sept Qtr 2016

Perth MetropolitanHOUSES 26,787 21,729 6,194 6,033 5,901 3,989

Inner Metro 2,749 2,519 596 650 724 438Middle Metro 7,699 6,316 1,728 1,727 1,705 1,160

Outer Metro 16,339 12,894 3,870 3,656 3,472 2,391MULTI-RESIDENTIAL 5,923 4,570 1,298 1,220 1,203 881

Inner Metro 2,494 1,996 558 512 518 411Middle Metro 2,273 1,745 506 487 485 322

Outer Metro 1,156 829 234 221 200 148Total Dwellings 32,710 26,299 7,492 7,253 7,104 4,870

Regional WA (House Sales)Albany Urban Area 476 423 111 124 111 72

Broome Urban Area 135 107 38 30 23 23Bunbury Greater 1,116 912 262 269 241 166

Busselton Urban Area 486 385 100 110 101 77Carnarvon Urban Area 28 29 6 5 10 7Esperance Urban Area 133 118 29 28 42 20Geraldton/Greenough 423 352 99 104 103 58

Kalgoorlie/Boulder 361 311 84 78 76 62Karratha Urban Area 152 206 39 37 59 46

Mandurah/Murray 1,927 1,514 414 480 368 266Northam 120 75 28 21 18 19

Port Hedland 100 137 28 28 43 40Z Balance of Regional WA 2,300 2,037 549 584 521 361

Regional WA (House Sales) 7,757 6,606 1,787 1,898 1,716 1,217Regional WA (Unit Sales) 803 629 166 173 169 130

WA TOTAL 41,270 33,534 9,445 9,324 8,989 6,2171 Houses include all detached dwellings & duplexes on lots less than 1 Ha.2 Units/apartments include all other dwellings with common walls.3 Regional centres are urban areas generally or local government authorities (LGA) where indicated4. Latest quarter data is based on a 65-70% sample & will be updated in subsequent Market Updates

MEDIAN PRICE OF ESTABLISHED RESIDENTIAL DWELLING SALES SEPTEMBER QUARTER 2016Source: Landgate/REIWA

Sept Qtr 2006 Sept Qtr 2011 Sept Qtr 2015 Jun Qtr 2016 Sept Qtr 2016

10 years ago 5 years ago 1 Year ago 3 months ago current

Perth MetropolitanHOUSES 440,000 $465,000 $532,000 $532,000 510,000

Inner Metro $800,000 $855,000 $961,625 $1,000,000 $867,500Middle Metro $485,000 $521,000 $622,000 $617,000 $580,000

Outer Metro $405,000 $419,000 $478,000 $470,000 $455,000MULTI-RESIDENTIAL 362,000 $409,250 $430,000 $410,000 425,000

Inner Metro $430,000 $490,000 $520,000 $494,000 $520,000Middle Metro $335,000 $360,000 $410,000 $400,000 $410,000

Outer Metro $314,000 $349,000 $349,500 $341,500 $338,000

Regional WA (Houses Only)Albany Urban Area $402,500 $375,000 $396,000 $350,000 $373,500

Broome Urban Area $547,500 $680,000 $550,000 $475,000 $565,000Bunbury Greater $397,000 $362,500 $384,250 $365,000 $360,000

Busselton Urban Area $455,000 $400,000 $443,500 $440,000 $425,000Carnarvon Urban Area $267,000 $312,000 $298,750 $295,000 $380,000Esperance Urban Area $325,000 $380,000 $325,000 $350,000 $304,500Geraldton/Greenough $310,000 $382,400 $365,000 $300,000 $318,000

Kalgoorlie/Boulder $230,000 $315,000 $307,500 $332,500 $322,500Karratha Urban Area $475,000 $797,000 $385,000 $315,000 $254,000

Mandurah/Murray $439,000 $370,000 $410,000 $390,000 $382,000Northam $243,000 $250,000 $235,000 $215,000 $208,000

Port Hedland $360,000 $799,500 $663,114 $305,000 $305,000Z Balance of Regional WA $204,000 $290,000 $280,000 $299,000 $250,000

Regional WA $326,500 $370,000 $375,000 $350,000 $348,000Total WA $400,000 $438,000 $485,000 $477,000 $460,000

Upper Quartile $525,000 $580,000 $640,000 $646,000 $615,000 Lower Quartile $320,000 $350,000 $387,000 $370,000 $365,000

NOTE: New Inner, Middle and Outer classification used are based on State Department of Planning Metro sub regions.

SALES OF ESTABLISHED RESIDENTIAL DWELLINGS BY MAJOR REGIONAL CENTRES SEPTEMBER QUARTER 2016Source: Landgate/REIWA

Dwelling Sales Overview WA REIWA MARKET UPDATED

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REIWA MARKET UPDATE Land Sales Overview WA

ANNUAL RESULTS QUARTERLY RESULTS 2

Year to Sept 2015 Year to Sept 2016 Sept Qtr 2015 Mar Qtr 2016 Jun Qtr 2016 Sept Qtr 2016

Perth Metropolitan

Perth Total 9,872 5,835 2,168 1,777 1,675 616

Inner Metro 320 264 67 64 85 40

Middle Metro 765 664 198 180 187 106

Outer Metro 8,787 4,907 1,903 1,533 1,403 470

Regional WA

Albany Urban Area 199 155 31 54 41 15

Broome Urban Area 50 44 17 14 7 3

Bunbury Greater 421 241 82 77 59 36

Busselton Urban Area 228 132 59 30 43 12

Carnarvon Urban Area 5 3 1

Esperance Urban Area 41 24 10 7 7 4

Geraldton/Greenough 193 73 43 18 22 9

Kalgoorlie/Boulder 47 19 14 6 6 1

Karratha Urban Area 3 4 1 1 2

Mandurah/Murray 1,125 700 255 198 202 84

Northam 23 19 6 4 2 6

Port Hedland 9 1 1

Z Balance of Regional WA 1,015 730 241 198 191 110

Regional WA 3,359 2,145 759 607 581 283

Total WA 13,231 7,980 2,927 2,384 2,256 899

1. Includes sales of new estate land and resales of existing lots less than 1 Ha. 2. Data is settled sales at time of data compilation & is approximately 50% of likely total for latest quarter. Data is subject to revision & it may take up to 12 months for all sales to settle

Sept Qtr 2006 Sept Qtr 2011 Sept Qtr 2015 Jun Qtr 2016 Sept Qtr 201610 years ago 5 years ago 1 Year ago 3 months ago current

Perth MetropolitanPerth Total $249,500 $240,500 $260,500 $259,500 $295,000

Inner Metro $670,000 $499,900 $628,000 $645,500 $690,000

Middle Metro $328,000 $363,000 $400,000 $390,000 $431,000

Outer Metro $240,000 $230,000 $252,000 $245,000 $269,995

Regional WAAlbany Urban Area $220,000 $155,000 $160,000 $160,000 $175,000

Broome Urban Area $212,000 $237,000 $225,000 $210,000 $220,000

Bunbury Greater $180,000 $170,875 $188,250 $183,900 $182,000

Busselton Urban Area $188,500 $160,000 $210,000 $215,000 $250,000

Carnarvon Urban Area $130,000 $131,000 $285,000

Esperance Urban Area $135,000 $148,750 $172,500 $145,000 $169,000

Geraldton/Greenough $150,000 $150,000 $118,000 $115,000 $120,000

Kalgoorlie/Boulder $120,000 $195,000 $127,000 $150,000 $40,000

Karratha Urban Area $142,000 $214,000 $1,210,000 $159,000

Mandurah/Murray $232,000 $168,000 $189,000 $191,500 $207,500

Northam $119,500 $91,000 $61,000 $102,500 $58,000

Port Hedland $182,500 $397,270 $330,000

Z Balance of Regional WA $157,000 $140,000 $135,000 $145,000 $127,000

Regional WA $180,000 $169,000 $170,000 $178,000 $170,000

Total WA $220,000 $225,000 $240,000 $240,000 $260,000

Upper Quartile $283,000 $295,000 $320,000 $320,000 $365,000

Lower Quartile $172,000 $175,000 $191,000 $190,000 $189,000 NOTE: New Inner, Middle and Outer classification used are based on State Department of Planning Metro sub regions.

SALES OF RESIDENTIAL BLOCKS OF LAND IN WA BY MAJOR REGIONAL CENTRES1 SEPTEMBER QUARTER 2016Source: Landgate/REIWA

MEDIAN PRICES OF WA RESIDENTIAL LAND SALES BY SECTOR SEPTEMBER QUARTER 2016Source: Landgate/REIWA

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Real Estate Report REGIONAL WAGeneral CommentaryPreliminary data indicates house sales decreased by approximately 33 per cent for Regional WA during the September 2016 quarter. Similarly, units and land recorded a similar decline in sales by 23 per cent and 51 per cent respectively. There has been volatility in the sales trends across regional centres. The preliminary overall median for houses in Regional WA decreased marginally by 0.6 per cent to $348,000 during the September quarter. The median price for units and land also recorded a decrease of 8.8 per cent and 4.5 per cent respectively over the September quarter.However, it is important to note that residential sales, in particular land sales can take between 3 months to 12 months to settle and that the most recent figures provided for the September 2016 quarter may still increase in the future.

Mandurah – MurrayThe Mandurah-Murray market recorded a decrease of two per cent in the median house price to $382,000 over the September 2016 quarter. Preliminary sales volume for houses are 28 per cent lower to those experienced in the previous quarter. Average selling days increased by three days quarterly and seven days annually. Stock of listings in the region decreased by 0.9 per cent over the quarter. The overall median rent has eased back 4.5 per cent to $320 and rental listings are also down by 8.2 per cent over the quarter.

South West Centres The Bunbury market recorded a decrease of 1.4 per cent in the median house price to $360,000 over the September 2016 quarter. Preliminary sales volume for houses are 31 per cent lower to those experienced in the previous quarter. Average selling days increased by 12 days quarterly and up by 14 days annually. Stock of listings in the region decreased by 3.5 per cent over the quarter. The overall median rent has increased by three per cent to $340 whilst rental listings are down by 4.7 per cent over the quarter.The Busselton market recorded a decrease of 3.4 per cent in the median house price to $425,000 over the September 2016 quarter. Preliminary sales volume for houses are down by 24 per cent over the quarter. Average selling days decreased by nine days quarterly but up 14 days annually. Stock of listings in the region increased by 5.6 per cent over the quarter. The overall median rent has remained unchanged over the quarter at $380 whilst rental listings are up by 10.4 per cent over the quarter.

South Coastal CentresThe Albany market recorded an increase of 6.7 per cent in the median house price to $373,500 over the September 2016 quarter. Preliminary sales volume are 35 per cent lower to those experienced in the previous quarter. Average selling days decreased by 15 days quarterly and down six days annually. Stock of listings in the region decreased by 13.3 per cent over the quarter. The overall median rent has increased by 2.2 per cent to $345 whilst rental listings are down by 5.7 per cent over the quarter.The Esperance market recorded a decrease of 13 per cent in the median house price to $304,500 over the September 2016 quarter. Preliminary sales volume for houses are 52 per cent lower to those experienced in the previous quarter. Average selling days increased by 35 days quarterly and up 77 days annually. Stock of listings in the region increased by 9.1 per cent for the quarter. The overall median rent has eased back 3.2 per cent to $300 and rental listings are down by 1.9 per cent over the quarter.

Kalgoorlie-Boulder and Geraldton-Greenough The Kalgoorlie-Boulder market recorded a decrease of three per cent in the median house price to $322,500 over the September 2016 quarter. Preliminary sales volume for houses are 18 per cent lower to those experienced in the previous quarter. Average selling days increased by 25 days quarterly and up by six days annually. Stock of listings in the region decreased by 15.4 per cent for the quarter. The overall median rent has decreased by 7.1 per cent to $325 and rental listings are down by 8.9 per cent over the quarter.

STOCK LEVELS & SELLING DAYS JSEPTEMBER QUARTER 2016

Listings (lots) Qtly / Annual ChangeAve Selling

Days (p)Quarterly Annual

Change

Albany Urban Area 560 (260) (-13.3% / -27.9%) 111 (-15 / -6)Broome Urban Area 232 (88) (12.1% / -12.1%) 104 (10 / -3)

Bunbury Greater 925 (166) (-3.5% / -16.5%) 119 (12 / 14)Busselton Urban Area 361 (124) (5.6% / -12.6%) 91 (-9 / 14)Esperance Urban Area 371 (165) (9.1% / -4.9%) 156 (35 / 77)Geraldton/Greenough 703 (261) (-9.9% / -13.7%) 129 (28 / 19)

Kalgoorlie/Boulder 347 (57) (-15.4% / -23.2%) 105 (25 / 6)Karratha Urban Area 152 (8) (-6.7% / 21.6%) 77 (-11 / 11)

Mandurah/Murray 1,701 (486) (-0.9% / -7.5%) 97 (3 / 7)Northam 156 (49) (-9.3% / -42.4%) 132 (11 / 6)

Port Hedland 273 (12) (10.1% / -5.9%) 91 (-9 / -8)

Median Rent Qtly/Annual Change

Listings Qtly/Annual Change

Albany Urban Area $345 (2.2% / -1.4%) 66 (-5.7% / -9.6%)Broome Urban Area $450 (0.0% / -10.0%) 152 (22.6% / 18.8%)

Bunbury Greater $340 (3.0% / -5.6%) 362 (-4.7% / 27.9%)Busselton Urban Area $380 (0.0% / -5.0%) 106 (10.4% / 43.2%)Esperance Urban Area $300 (-3.2% / -4.8%) 52 (-1.9% / 188.9%)Geraldton/Greenough $280 (-1.8% / -12.5%) 286 (-7.1% / 6.7%)

Kalgoorlie/Boulder $325 (-7.1% / -7.1%) 247 (-8.9% / 20.5%)Karratha Urban Area $400 (-3.6% / -20.0%) 186 (-30.1% / -40.4%)

Mandurah/Murray $320 (-4.5% / -11.1%) 647 (-8.2% / 28.9%)Northam $300 (5.3% / 0.0%) 39 (-30.4% / 5.4%)

Port Hedland $375 (-6.3% / -31.8%) 330 (-13.2% / -12.5%)

REGIONAL RENTAL MARKET SEPTEMBER QUARTER 2016

REGIONAL MEDIAN & LONG TERM HOUSE PRICE GROWTH RATES

Annual Median Year to June

2016

Annual Average Growth Rate Year to June 2016

5 Years 10 Years 15 Years

Perth Metro Region $530,000 2.0% 3.2% 8.1%Albany Urban Area $377,000 -0.1% 1.0% 6.3%

Broome Urban Area $500,000 -5.1% 1.3% 5.2%Bunbury Greater $374,000 0.3% 0.7% 7.0%

Busselton Urban Area $450,000 1.6% 0.9% 7.2%Carnarvon Urban Area $315,000 -0.3% 3.7% 8.3%Esperance Urban Area $350,000 -1.5% 1.7% 5.9%Geraldton/Greenough $326,750 -3.1% 2.5% 7.3%

Kalgoorlie/Boulder $320,000 -0.6% 4.8% 6.2%Karratha Urban Area $330,000 -15.9% -2.9% 3.4%

Mandurah/Murray $390,000 0.3% 0.2% 7.6%Northam $230,000 -3.2% 2.9% 8.5%

Port Hedland $360,000 -14.2% 2.1% 7.0%Balance of Regional WA $292,000 -1.2% 4.9% 8.5%

Regional WA $365,000 -0.5% 2.2% 7.4%

The Geraldton market recorded an increase of six per cent in the median house price to $318,000 over the September 2016 quarter. Preliminary sales volume for houses are 44 per cent lower to those experienced in the previous quarter. Average selling days increased by 28 days quarterly and up by 19 days annually. Stock of listings in the region decreased by 9.9 per cent for the quarter. The overall median rent has decreased by 1.8 per cent to $280 and rental listings are down by 7.1 per cent over the quarter.

Pilbara and KimberleyThe Port-Hedland market recorded an unchanged value in the median house price at $305,000 over the September 2016 quarter. Preliminary sales volume for houses are seven per cent lower than those experienced in the previous quarter. Average selling days decreased by nine days quarterly and down by eight days annually. Stock of listings in the region increased by 10.1 per cent for the quarter. The overall median rent has decreased by 6.3 per cent to $375 and rental listings are also down by 13.2 per cent over the quarter.The Broome market recorded an increase of 18.9 per cent in the median house price to $565,000 over the September 2016 quarter. Preliminary sales volume for houses are at similar levels to those experienced in the previous quarter. Average selling days increased by 10 days quarterly but down by three days annually. Stock of listings in the region increased by 12.1 per cent for the quarter. The overall median rent has remained stable at $450 whilst rental listings are up by 22.6 per cent over the quarter.

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Real Estate Report REGIONAL WA

REGIONAL WAYear to September 2015 Year to September 2016 June Qtr 2016 September Qtr 2016

Sales% of

total salesSales

% of total sales

Sales% of

total salesSales

% oftotal sales

HOUSE

Up to $150,000 480 5.2% 495 6.0% 140 7.6% 134 10.2%

$150 - $200,000 370 4.0% 374 4.5% 112 6.1% 72 5.5%

$200 - $250,000 513 5.6% 439 5.3% 170 9.3% 111 8.5%

$250 - $300,000 920 10.0% 754 9.1% 182 9.9% 164 12.5%

$300 - $350,000 1219 13.3% 1108 13.3% 271 14.8% 162 12.4%

$350 - $400,000 1379 15.0% 1279 15.4% 248 13.5% 200 15.3%

$400 - $450,000 1171 12.8% 1071 12.9% 191 10.4% 139 10.6%

$450 - $500,000 827 9.0% 689 8.3% 135 7.4% 95 7.3%

$500 - $600,000 995 10.8% 920 11.1% 166 9.1% 108 8.3%

$600 - $800,000 866 9.4% 748 9.0% 145 7.9% 77 5.9%

$800 - $1 million 261 2.8% 269 3.2% 36 2.0% 28 2.1%

Over $1 million 182 2.0% 172 2.1% 35 1.9% 18 1.4%

UNIT

Up to $150,000 35 3.4% 32 3.9% 20 11.8% 20 15.3%

$150 - $200,000 67 6.5% 57 7.0% 15 8.9% 12 9.2%

$200 - $250,000 125 12.2% 76 9.4% 19 11.2% 22 16.8%

$250 - $300,000 187 18.2% 165 20.3% 34 20.1% 30 22.9%

$300 - $350,000 156 15.2% 120 14.8% 27 16.0% 12 9.2%

$350 - $400,000 98 9.5% 77 9.5% 9 5.3% 8 6.1%

$400 - $450,000 78 7.6% 76 9.4% 13 7.7% 7 5.3%

$450 - $500,000 64 6.2% 50 6.2% 6 3.6% 5 3.8%

$500 - $600,000 84 8.2% 56 6.9% 8 4.7% 6 4.6%

$600 - $800,000 89 8.7% 64 7.9% 11 6.5% 4 3.1%

$800 - $1 million 32 3.1% 19 2.3% 4 2.4% 1 0.8%

Over $1 million 13 1.3% 19 2.3% 3 1.8% 4 3.1%

VACANT LAND

Up to $100,000 373 8.3% 423 12.5% 81 13.7% 65 22.4%

$100 - $125,000 357 7.9% 232 6.8% 48 8.1% 25 8.6%

$125 - $150,000 636 14.2% 480 14.1% 77 13.0% 36 12.4%

$150 - $175,000 950 21.1% 533 15.7% 78 13.2% 26 9.0%

$175 - $200,000 697 15.5% 459 13.5% 89 15.0% 30 10.3%

$200 - $225,000 338 7.5% 325 9.6% 54 9.1% 20 6.9%

$225 - $250,000 231 5.1% 206 6.1% 37 6.3% 11 3.8%

$250 - $300,000 370 8.2% 247 7.3% 41 6.9% 22 7.6%

$300 - $400,000 309 6.9% 292 8.6% 42 7.1% 29 10.0%

$400 - $500,000 120 2.7% 106 3.1% 22 3.7% 13 4.5%

$500 - $750,000 71 1.6% 59 1.7% 16 2.7% 10 3.4%

$750 - $1 million 28 0.6% 15 0.4% 3 0.5% 2 0.7%

Over $1 million 14 0.3% 18 0.5% 4 0.7% 1 0.3%

RESIDENTIAL REAL ESTATE SALES BY PRICE RANGE JUNE QUARTER 2016Source: Landgate/REIWA

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Town/SuburbSales - Year to September 2016

Annual Average % Change

Houses Units Land 2011 2015 2016 1 year 5 years

Gascoyne 75 8 18 $405,000 $375,000 $385,000 2.7% -1.0%

Balance of Gascoyne 46 1 15 $452,500 $445,000 $420,000 -5.6% -1.5%

Denham 15 3 $270,000 $220,000 $225,000 2.3% -3.6%

Exmouth 31 1 12 $510,000 $490,000 $460,000 -6.1% -2.0%

Carnarvon 29 7 3 $320,000 $345,000 $315,000 -8.7% -0.3%

Brockman 7 1 $500,000 $466,500 $349,000 -25.2% -6.9%

Brown Range 2 $430,000 $415,000 n.a. -0.7%

Carnarvon 4 $552,500 $395,000 n.a. n.a.

East Carnarvon 6 2 $348,500 $370,000 $372,500 0.7% 1.3%

Kingsford 2 $507,000 $300,000 $725,000 141.7% 7.4%

Morgantown 5 1 2 $332,500 $293,750 $215,000 -26.8% -8.4%

South Carnarvon 7 $270,000 $260,000 $260,000 0.0% -0.8%

Goldfields-Esperance 518 41 49 $311,000 $320,000 $297,500 -7.0% -0.9%

Balance of Goldfields-Esp 89 2 6 $130,000 $116,000 $87,000 -25.0% -7.7%

Condingup 2 $210,000 $160,000 -23.8% n.a.

Coolgardie 10 1 $126,500 $185,500 $136,000 -26.7% 1.5%

Gibson 2 $271,250 $270,000 $304,500 12.8% 2.3%

Grass Patch 1 $38,000 $20,000 $25,000 25.0% -8.0%

Hopetoun 8 1 $305,000 $214,000 $260,000 21.5% -3.1%

Kambalda East 13 $96,500 $100,000 $73,000 -27.0% -5.4%

Kambalda West 22 $135,000 $140,000 $95,000 -32.1% -6.8%

Laverton 2 1 $97,000 $87,500 $88,500 1.1% -1.8%

Leonora 4 1 $205,000 $113,000 $90,000 -20.4% -15.2%

Menzies 3 2 $30,000 $45,000 50.0% n.a.

Munglinup 1 $175,000 $10,000 $180,000 1700.0% 0.6%

Norseman 16 1 $55,000 $35,000 $33,000 -5.7% -9.7%

Ravensthorpe 4 $105,000 $150,750 $130,250 -13.6% 4.4%

Salmon Gums 1 1 $40,000 $80,000 $175,000 118.8% 34.3%

Esperance 118 10 24 $377,500 $368,000 $350,000 -4.9% -1.5%

Bandy Creek 1 1 2 $615,000 $645,000 $565,000 -12.4% -1.7%

Castletown 44 1 13 $380,000 $370,000 $370,000 0.0% -0.5%

Includes all towns/localities recording activity in the Year to June, irrespective of no sales activity in June Quarter 2016. Includes only house & land sales on lots < 1 Ha.© REIWA - For the exclusive use of REIWA Members. Unauthorised distribution, reproduction or sale of the data will breach REIWA’s copyright.

The Regional Sales Report presents data for regional centres and their suburbs and all other communities across Regional Western Australia in a series of discrete regional areas that generally align with Australian Bureau of Statistics and Regional Development Commission typology. Where appropriate, sub-regions are used to group towns in adjoining shires and market areas.

REGION Regional Centre Sub-Region

PEEL Mandurah-Murray Balance of Region

SOUTH WEST Bunbury Urban Area Preston

Busselton Urban Area Balance of Shire

Augusta-Margaret River Blackwood

GREAT SOUTHERN Albany Urban Area Balance of Region

GOLDFIELDS-ESPERANCE Kalgoorlie-Boulder Balance of Region

Esperance Urban Area

WHEATBELT Avon Arc

Coastal Wheatbelt

Balance of Region

MIDWEST Geraldton-Greenough Balance of Region

GASCOYNE Carnarvon Balance of Region

PILBARA Karratha Urban Area Balance of Region

Port Hedland Urban Area

KIMBERLEY Broome Urban Area Balance of Region

CHRISTMAS ISLAND

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Esperance 28 8 1 $350,000 $350,000 $327,500 -6.4% -1.3%

Nulsen 18 $195,000 $190,000 $191,250 0.7% -0.4%

Pink Lake 2 $369,000 $297,500 $287,500 -3.4% -4.9%

Sinclair 8 2 $286,250 $300,000 $314,500 4.8% 1.9%

West Beach 17 6 $640,000 $455,000 $495,000 8.8% -5.0%

Kalgoorlie-Boulder 311 29 19 $330,000 $345,000 $320,000 -7.2% -0.6%

Boulder 42 5 1 $270,000 $264,500 $220,000 -16.8% -4.0%

Broadwood 5 $555,000 $572,500 $590,000 3.1% 1.2%

Hannans 33 2 $396,000 $385,000 $420,000 9.1% 1.2%

Kalgoorlie 43 11 1 $310,000 $321,000 $295,000 -8.1% -1.0%

Karlkurla 2 6 $510,000 $659,000 $550,000 -16.5% 1.5%

Lamington 26 $351,000 $380,000 $356,500 -6.2% 0.3%

Mullingar 2 $370,000 $200,000 $276,000 38.0% -5.7%

Piccadilly 26 5 2 $337,000 $364,250 $334,500 -8.2% -0.1%

Somerville 39 5 6 $465,000 $465,000 $450,000 -3.2% -0.7%

South Boulder 9 1 $196,000 $286,500 $240,000 -16.2% 4.1%

South Kalgoorlie 49 2 $283,750 $300,000 $285,000 -5.0% 0.1%

Victory Heights 11 1 $282,500 $330,000 $272,000 -17.6% -0.8%

West Lamington 23 $385,000 $372,500 $320,000 -14.1% -3.6%

Williamstown 1 $100,000 $15,000 -85.0% n.a.

Great Southern 638 17 229 $360,000 $360,000 $345,000 -4.2% -0.8%

Albany Urban Area 423 17 155 $378,500 $390,000 $377,000 -3.3% -0.1%

Albany 19 1 6 $600,000 $770,000 $515,000 -33.1% -3.0%

Bayonet Head 40 26 $370,000 $389,000 $407,500 4.8% 1.9%

Centennial Park 3 4 $295,000 $400,000 $370,000 -7.5% 4.6%

Collingwood Heights 9 $332,500 $365,000 $325,000 -11.0% -0.5%

Collingwood Park 2 1 $380,000 $420,000 $641,250 52.7% 11.0%

Emu Point 3 $625,000 $630,000 $620,000 -1.6% -0.2%

Gledhow 11 4 $350,000 $360,000 $340,000 -5.6% -0.6%

Goode Beach 7 4 $600,000 $520,000 $820,000 57.7% 6.4%

King River 1 $529,000 $310,000 n.a. -10.1%

Lange 2 10 $457,500 $321,977 -29.6% n.a.

Little Grove 10 8 $440,000 $460,000 $420,000 -8.7% -0.9%

Lockyer 25 1 2 $229,000 $230,000 $245,000 6.5% 1.4%

Lower King 24 8 $360,000 $360,000 $366,500 1.8% 0.4%

Mckail 51 26 $405,000 $405,000 $415,000 2.5% 0.5%

Middleton Beach 5 1 4 $748,500 $700,000 $706,000 0.9% -1.2%

Milpara 10 5 $386,000 $395,000 $405,000 2.5% 1.0%

Mira Mar 31 4 7 $432,500 $410,000 $405,000 -1.2% -1.3%

Mount Clarence 14 1 4 $490,000 $635,000 $533,000 -16.1% 1.7%

Mount Melville 18 2 4 $360,000 $380,000 $385,000 1.3% 1.4%

Orana 34 3 $307,500 $279,000 $291,000 4.3% -1.1%

Seppings 5 $365,000 $352,500 $380,000 7.8% 0.8%

Spencer Park 53 3 7 $333,500 $347,000 $340,000 -2.0% 0.4%

Warrenup 9 10 $627,250 $625,000 $748,000 19.7% 3.6%

Willyung 1 4 $539,000 $605,000 $440,000 -27.3% -4.0%

Yakamia 36 12 $410,000 $390,000 $330,000 -15.4% -4.2%

Balance of Great Southern 215 74 $250,000 $230,000 $263,000 14.3% 1.0%

Borden 1 $110,000 $110,000 0.0% n.a.

Bremer Bay 17 3 $407,500 $354,500 $340,000 -4.1% -3.6%

Broomehill Village 1 $57,000 $80,000 n.a. n.a.

Cranbrook 3 1 $212,000 $150,000 $142,500 -5.0% -7.6%

Denmark 52 23 $380,000 $380,000 $351,500 -7.5% -1.5%

Frankland River 1 $105,000 n.a. n.a.

Gnowangerup 8 $92,000 $151,000 $94,000 -37.7% 0.4%

Hay 6 $445,000 $740,000 n.a. n.a.

Jerramungup 10 $125,000 $110,000 $165,000 50.0% 5.7%

Kalgan 1 $355,000 $475,000 33.8% n.a.

Katanning 26 4 $169,500 $162,688 $175,000 7.6% 0.6%

Kendenup 10 14 $145,000 $181,000 $210,000 16.0% 7.7%

Kojonup 9 1 $150,000 $180,000 $225,000 25.0% 8.4%

Manypeaks 1 $285,000 $305,000 $97,500 -68.0% -19.3%

Mount Barker 32 3 $235,000 $225,000 $227,500 1.1% -0.6%

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Muradup 1 $215,000 n.a. n.a.

Narrikup 4 $304,000 n.a. n.a.

Needilup 1 $32,000 n.a. n.a.

Nyabing 2 1 $100,000 $135,000 35.0% n.a.

Ocean Beach 16 3 $470,000 $400,000 $562,500 40.6% 3.7%

Ongerup 2 1 $63,750 $80,000 $88,500 10.6% 6.8%

Peaceful Bay 1 1 $565,000 $280,000 $380,000 35.7% -7.6%

Pingrup 1 $105,000 $60,000 -42.9% n.a.

Porongurup 1 $380,000 $305,000 $310,000 1.6% -4.0%

Rocky Gully 1 $95,000 n.a. n.a.

Shadforth 5 10 $500,000 $636,000 $660,000 3.8% 5.7%

Tambellup 1 $102,866 $118,000 $99,000 -16.1% -0.8%

Tenterden 1 $150,000 n.a. n.a.

Woodanilling 5 2 $135,000 n.a. n.a.

Youngs Siding 2 $245,000 n.a. n.a.

Kimberley 159 24 46 $600,000 $530,000 $450,000 -15.1% -5.6%

Balance of Kimberley 52 1 2 $525,000 $365,000 $282,500 -22.6% -11.7%

Derby 24 2 $560,000 $292,500 $190,000 -35.0% -19.4%

Kununurra 26 1 $480,000 $434,000 $390,000 -10.1% -4.1%

Wyndham 2 $260,000 $44,721 $101,000 125.8% -17.2%

Broome 107 23 44 $650,000 $565,000 $500,000 -11.5% -5.1%

Bilingurr 4 2 21 $597,500 $516,500 -13.6% n.a.

Broome 23 12 6 $490,000 $520,000 $475,000 -8.7% -0.6%

Cable Beach 52 8 12 $690,000 $591,500 $505,000 -14.6% -6.1%

Djugun 28 1 5 $670,000 $563,500 $517,500 -8.2% -5.0%

Mid West 512 19 118 $355,000 $341,000 $295,000 -13.5% -3.6%

Balance of Mid West 160 6 45 $197,500 $220,000 $204,000 -7.3% 0.6%

Buller 2 n.a. n.a.

Carnamah 10 $118,000 $100,000 $71,500 -28.5% -9.5%

Coorow 1 $77,500 $160,000 $150,000 -6.3% 14.1%

Cue 9 $72,500 $91,000 $44,813 -50.8% -9.2%

Dongara 20 12 $342,500 $378,000 $270,000 -28.6% -4.6%

Eneabba 2 $116,500 $115,000 $67,500 -41.3% -10.3%

Green Head 8 2 $370,000 $347,500 $358,750 3.2% -0.6%

Gregory 4 $157,500 n.a. n.a.

Horrocks 1 $375,000 $320,000 -14.7% n.a.

Howatharra 1 $220,000 n.a. n.a.

Kalbarri 22 3 10 $350,000 $310,000 $320,000 3.2% -1.8%

Latham 1 $152,000 n.a. n.a.

Leeman 11 1 $357,500 $248,000 $260,000 4.8% -6.2%

Meekatharra 5 1 $47,500 $55,000 $75,000 36.4% 9.6%

Mingenew 4 2 $140,000 $102,500 $108,250 5.6% -5.0%

Moonyoonooka 1 $170,000 n.a. n.a.

Morawa 12 1 $133,150 $120,000 $74,500 -37.9% -11.0%

Mount Magnet 6 1 $40,000 $52,500 $57,500 9.5% 7.5%

Mullewa 14 1 1 $92,000 $38,000 $29,000 -23.7% -20.6%

Nabawa 2 $160,000 $330,000 $205,000 -37.9% 5.1%

Nanson 1 $195,000 $208,000 6.7% n.a.

Northampton 7 5 $209,000 $160,000 $155,000 -3.1% -5.8%

Perenjori 1 $165,000 $88,500 $135,000 52.5% -3.9%

Port Denison 11 2 5 $335,000 $355,000 $425,000 19.7% 4.9%

Sandstone 1 $90,000 $40,000 $72,000 80.0% -4.4%

South Yuna 1 $65,000 $85,000 30.8% n.a.

Three Springs 1 $140,000 $135,000 $80,000 -40.7% -10.6%

Walkaway 2 1 $220,000 $250,000 $240,000 -4.0% 1.8%

White Peak 1 $615,000 n.a. n.a.

Yuna 1 $50,000 n.a. n.a.

Geraldton-Greenough 352 13 73 $382,000 $370,000 $326,750 -11.7% -3.1%

Beachlands 22 1 $315,000 $390,000 $262,500 -32.7% -3.6%

Beresford 18 2 5 $370,000 $353,500 $306,000 -13.4% -3.7%

Bluff Point 15 1 $505,750 $440,000 $340,000 -22.7% -7.6%

Cape Burney 2 4 $357,500 $350,000 $210,000 -40.0% -10.1%


SAMPLE

RE

GIO

NA

L W

A






Drummond Cove 17 12 $477,500 $445,000 $395,000 -11.2% -3.7%

Geraldton 27 4 2 $356,500 $340,000 $310,000 -8.8% -2.8%

Glenfield 8 6 $516,500 $425,000 $389,000 -8.5% -5.5%

Karloo 5 1 $249,500 $231,000 $220,000 -4.8% -2.5%

Mahomets Flats 10 1 $406,500 $315,000 $305,000 -3.2% -5.6%

Moresby 3 $550,000 n.a. n.a.

Mount Tarcoola 38 4 $405,000 $375,000 $330,000 -12.0% -4.0%

Rangeway 18 2 $230,000 $155,000 $129,000 -16.8% -10.9%

Spalding 20 1 $266,000 $252,000 $197,500 -21.6% -5.8%

Strathalbyn 9 1 $537,500 $525,000 $470,000 -10.5% -2.6%

Sunset Beach 17 7 $435,000 $385,000 $337,500 -12.3% -4.9%

Tarcoola Beach 19 1 1 $411,500 $380,000 $355,000 -6.6% -2.9%

Utakarra 10 6 $310,000 $270,000 $187,250 -30.6% -9.6%

Waggrakine 16 8 $387,500 $347,500 $270,000 -22.3% -7.0%

Wandina 52 8 $475,000 $419,000 $415,000 -1.0% -2.7%

Webberton 2 $425,000 $557,500 n.a. 5.6%

West End 6 $190,000 $257,500 $100,250 -61.1% -12.0%

Wonthella 18 1 3 $320,000 $310,000 $267,500 -13.7% -3.5%

Woorree 3 1 $461,250 $569,500 $400,000 -29.8% -2.8%

Offshore Areas 8 3 2 $400,000 $335,000 $330,000 -1.5% -3.8%

Christmas Island 8 3 2 $400,000 $335,000 $330,000 -1.5% -3.8%

Christmas Island 7 2 2 $375,000 $310,000 $345,000 11.3% -1.7%

Settlement 1 1 $465,000 $335,000 $315,000 -6.0% -7.5%

Cocos (Keeling) Islands n.a. n.a.

Peel 1,591 241 721 $380,000 $410,000 $390,000 -4.9% 0.5%

Balance of Peel 77 3 21 $305,000 $309,500 $302,500 -2.3% -0.2%

Boddington 12 1 $330,000 $260,000 $277,500 6.7% -3.4%

Coolup 2 $295,000 $260,000 $380,000 46.2% 5.2%

Dwellingup 11 $350,000 $315,000 $300,000 -4.8% -3.0%

Hamel 1 2 $187,500 $200,000 $200,000 0.0% 1.3%

North Dandalup 4 $235,000 $338,000 $375,000 10.9% 9.8%

Preston Beach 12 8 $375,000 $345,000 $341,500 -1.0% -1.9%

Ranford 1 $250,000 n.a. n.a.

Waroona 34 2 11 $292,500 $309,000 $293,000 -5.2% 0.0%

Mandurah-Murray 1,514 238 700 $385,000 $415,000 $390,000 -6.0% 0.3%

Bouvard 5 8 6 $627,500 $406,000 $355,000 -12.6% -10.8%

Coodanup 58 23 $263,500 $322,500 $293,500 -9.0% 2.2%

Dawesville 119 3 95 $405,000 $440,000 $400,000 -9.1% -0.2%

Dudley Park 141 22 71 $390,000 $430,000 $390,000 -9.3% 0.0%

Erskine 80 19 83 $430,000 $430,000 $435,000 1.2% 0.2%

Falcon 146 20 $365,000 $399,000 $381,250 -4.4% 0.9%

Furnissdale 10 1 $341,000 $345,000 $418,500 21.3% 4.2%

Greenfields 144 9 10 $290,000 $329,000 $315,000 -4.3% 1.7%

Halls Head 222 20 67 $420,000 $463,750 $440,000 -5.1% 0.9%

Lakelands 78 31 $390,000 $416,500 $390,500 -6.2% 0.0%

Madora Bay 31 48 $442,500 $548,500 $440,000 -19.8% -0.1%

Mandurah 99 139 20 $290,000 $330,000 $307,000 -7.0% 1.1%

Meadow Springs 109 93 $400,000 $425,000 $412,000 -3.1% 0.6%

North Yunderup 12 3 $320,000 $375,000 $310,000 -17.3% -0.6%

Pinjarra 61 6 9 $342,000 $359,500 $380,000 5.7% 2.1%

Ravenswood 30 15 $385,000 $406,500 $385,500 -5.2% 0.0%

San Remo 22 4 $485,000 $490,000 $557,500 13.8% 2.8%

Silver Sands 23 1 4 $445,000 $500,000 $465,000 -7.0% 0.9%

South Yunderup 66 2 45 $620,000 $520,000 $494,500 -4.9% -4.4%

Wannanup 58 9 52 $416,000 $457,500 $471,250 3.0% 2.5%

Pilbara 418 31 25 $760,000 $500,000 $340,000 -32.0% -14.9%

Balance of Pilbara 75 7 20 $685,000 $475,000 $330,000 -30.5% -13.6%

Dampier 25 3 $857,500 $550,000 $460,000 -16.4% -11.7%

Marble Bar 1 1 $225,000 $55,000 n.a. -24.6%

Newman 24 2 19 $687,000 $395,000 $165,500 -58.1% -24.8%


SAMPLE

RE

GIO

NA

L W

A






Nullagine 2 1 $100,000 $90,000 $47,500 -47.2% -13.8%

Onslow 6 $625,000 $700,000 $365,000 -47.9% -10.2%

Point Samson 5 1 $862,500 $656,500 $600,000 -8.6% -7.0%

Roebourne 2 $262,500 $300,000 $110,000 -63.3% -16.0%

Tom Price 8 $630,000 $520,000 $290,000 -44.2% -14.4%

Wickham 2 $485,000 $310,000 $180,000 -41.9% -18.0%

Karratha 206 11 4 $785,000 $430,000 $330,000 -23.3% -15.9%

Baynton 54 2 $957,500 $565,000 $432,500 -23.5% -14.7%

Bulgarra 43 2 1 $747,500 $383,750 $270,000 -29.6% -18.4%

Millars Well 25 1 $768,500 $380,000 $270,000 -28.9% -18.9%

Nickol 49 1 $915,000 $448,500 $330,000 -26.4% -18.5%

Pegs Creek 35 8 $700,500 $380,000 $260,000 -31.6% -18.0%

Port Hedland 137 13 1 $775,000 $682,500 $360,000 -47.3% -14.2%

Port Hedland 39 7 1 $1,095,000 $850,000 $450,000 -47.1% -16.3%

South Hedland 98 6 $749,000 $656,227 $315,500 -51.9% -15.9%

South West 2,078 235 792 $376,000 $410,000 $400,000 -2.4% 1.2%

Augusta-Margaret River 194 39 135 $435,000 $485,000 $487,500 0.5% 2.3%

Augusta 21 6 14 $480,000 $510,000 $470,000 -7.8% -0.4%

Burnside 1 $850,000 n.a. n.a.

Cowaramup 25 1 59 $555,000 $536,000 $540,000 0.7% -0.5%

East Augusta 1 $410,000 $580,000 n.a. 7.2%

Gnarabup 12 1 3 $675,000 $702,500 $782,500 11.4% 3.0%

Gracetown 4 1 $932,500 $902,500 $982,500 8.9% 1.1%

Margaret River 117 31 54 $420,000 $470,000 $460,000 -2.1% 1.8%

Molloy Island 5 2 $320,000 $325,000 $320,000 -1.5% 0.0%

Prevelly 5 2 $719,500 $905,000 $850,000 -6.1% 3.4%

Witchcliffe 3 $340,000 $384,833 $450,000 16.9% 5.8%

Balance of Busselton LGA 165 19 155 $605,000 $650,000 $635,000 -2.3% 1.0%

Carbunup River 2 $328,000 $450,000 n.a. 6.5%

Dunsborough 117 16 92 $540,000 $625,500 $615,000 -1.7% 2.6%

Eagle Bay 4 2 $1,550,000 $1,770,000 $1,185,000 -33.1% -5.2%

Kealy 11 55 $565,000 $329,000 -41.8% n.a.

Marybrook 1 $1,100,000 $1,375,000 $1,500,000 9.1% 6.4%

Quindalup 24 2 6 $736,000 $690,000 $885,000 28.3% 3.8%

Yallingup 6 1 $1,200,000 $1,512,500 $1,887,500 24.8% 9.5%

Blackwood Sub-Region 153 8 48 $270,000 $285,000 $255,000 -10.5% -1.1%

Boyup Brook 9 $200,000 $200,000 $154,500 -22.8% -5.0%

Bridgetown 37 20 $300,000 $341,250 $320,000 -6.2% 1.3%

Dingup 2 $70,000 $85,000 n.a. 4.0%

Dinninup 2 $164,000 n.a. n.a.

Greenbushes 5 5 $235,000 $175,000 $186,000 6.3% -4.6%

Hester 1 $220,000 $240,000 9.1% n.a.

Kangaroo Gully 1 $545,000 $489,000 $120,000 -75.5% -26.1%

Kulikup 2 n.a. n.a.

Manjimup 60 7 5 $255,000 $268,250 $237,500 -11.5% -1.4%

Nannup 9 6 $324,000 $338,000 $270,000 -20.1% -3.6%

Nornalup 2 $405,000 n.a. n.a.

Northcliffe 6 $165,000 $197,500 n.a. 3.7%

Pemberton 11 1 2 $250,000 $172,000 $225,000 30.8% -2.1%

Quinninup 6 $293,500 $140,000 $279,500 99.6% -1.0%

Walpole 6 4 $270,500 $350,000 $344,000 -1.7% 4.9%

Busselton 385 37 132 $415,000 $463,500 $450,000 -2.9% 1.6%

Abbey 28 4 $457,500 $620,000 $507,500 -18.1% 2.1%

Bovell 1 6 $664,000 $835,000 $850,000 1.8% 5.1%

Broadwater 57 2 6 $435,000 $470,000 $470,000 0.0% 1.6%

Busselton 35 9 6 $425,000 $485,000 $530,000 9.3% 4.5%

Geographe 75 6 25 $395,000 $440,000 $425,000 -3.4% 1.5%

Siesta Park 1 $3,600,000 $1,440,000 $1,700,000 18.1% -13.9%

Vasse 28 2 $400,000 $450,000 $417,500 -7.2% 0.9%

West Busselton 122 20 38 $390,000 $443,000 $439,500 -0.8% 2.4%

Wonnerup 2 $960,000 $805,000 $552,500 -31.4% -10.5%

Yalyalup 36 45 $432,500 $445,000 $437,500 -1.7% 0.2%

Greater Bunbury 912 123 241 $368,000 $385,000 $374,000 -2.9% 0.3%


SAMPLE

RE

GIO

NA

L W

A






Australind 209 8 80 $370,000 $390,000 $380,000 -2.6% 0.5%

Bunbury 31 37 4 $525,000 $514,000 $515,000 0.2% -0.4%

Carey Park 64 13 6 $265,000 $272,500 $286,500 5.1% 1.6%

College Grove 20 2 $374,000 $367,500 $370,250 0.7% -0.2%

Dalyellup 130 67 $412,500 $410,000 $397,000 -3.2% -0.8%

East Bunbury 58 12 1 $345,000 $366,500 $355,000 -3.1% 0.6%

Eaton 103 10 7 $359,000 $355,000 $340,000 -4.2% -1.1%

Gelorup 14 3 $570,000 $542,500 $562,500 3.7% -0.3%

Glen Iris 24 4 6 $340,000 $335,000 $347,500 3.7% 0.4%

Leschenault 45 7 $565,000 $575,000 $580,000 0.9% 0.5%

Millbridge 39 1 23 $417,500 $441,000 $450,000 2.0% 1.5%

Pelican Point 9 1 1 $510,000 $650,000 $577,500 -11.2% 2.5%

South Bunbury 102 25 33 $391,000 $417,500 $375,000 -10.2% -0.8%

Usher 32 1 $315,000 $315,000 $287,500 -8.7% -1.8%

Withers 32 11 1 $270,000 $270,000 $250,000 -7.4% -1.5%

Preston Sub-Region 269 9 81 $310,000 $310,000 $315,000 1.6% 0.3%

Allanson 2 $299,500 $372,500 $367,500 -1.3% 4.2%

Balingup 2 2 $330,000 $349,000 $270,000 -22.6% -3.9%

Binningup 17 11 $415,000 $393,500 $374,000 -5.0% -2.1%

Boyanup 16 1 $350,000 $405,000 $360,000 -11.1% 0.6%

Brunswick 12 1 1 $275,000 $230,000 $286,250 24.5% 0.8%

Burekup 7 $340,000 $490,000 $430,000 -12.2% 4.8%

Capel 28 1 14 $340,000 $338,500 $333,500 -1.5% -0.4%

Collie 72 5 1 $256,500 $205,000 $198,750 -3.0% -5.0%

Dardanup 5 1 7 $395,000 $395,000 $418,000 5.8% 1.1%

Dardanup West 1 n.a. n.a.

Donnybrook 40 7 $342,500 $340,000 $304,750 -10.4% -2.3%

Harvey 30 1 12 $286,000 $310,000 $281,500 -9.2% -0.3%

Kirup 3 1 $345,000 $280,000 $230,000 -17.9% -7.8%

Mullalyup 1 $285,000 $275,000 $350,000 27.3% 4.2%

Myalup 7 1 $365,000 $335,000 $317,000 -5.4% -2.8%

Peppermint Grove Beach 16 4 $520,000 $702,500 $447,500 -36.3% -3.0%

Roelands 7 12 $460,000 $622,500 $625,000 0.4% 6.3%

Warawarrup 1 $491,250 $355,000 -27.7% n.a.

Wokalup 2 $198,500 n.a. n.a.

Yarloop 1 6 $170,500 $220,000 $203,000 -7.7% 3.6%

Wheatbelt 609 10 145 $227,250 $225,000 $201,500 -10.4% -2.4%

Avon Arc 150 3 64 $265,000 $267,500 $257,750 -3.6% -0.6%

Bakers Hill 2 1 $85,000 $309,000 $300,000 -2.9% 28.7%

Beverley 7 4 $182,500 $311,250 $265,000 -14.9% 7.7%

Bindoon 1 1 $110,000 $280,000 $415,000 48.2% 30.4%

Burges 1 $470,000 n.a. n.a.

Daliak 1 $300,000 n.a. n.a.

Dumbarton 1 $133,000 $185,000 $185,000 0.0% 6.8%

Grass Valley 1 $257,000 $150,000 n.a. -10.2%

Greenhills 2 $325,000 $340,000 n.a. n.a.

Mount Hardey 1 n.a. n.a.

Muluckine 1 2 $175,000 $215,000 n.a. 4.2%

Northam 75 2 19 $270,000 $247,000 $230,000 -6.9% -3.2%

Nunile 20 n.a. n.a.

Spencers Brook 1 $220,000 $47,500 -78.4% n.a.

Toodyay 17 3 $312,500 $298,500 $325,000 8.9% 0.8%

West Toodyay 1 1 $249,000 $290,000 16.5% n.a.

Wundowie 7 $265,000 $262,000 $215,000 -17.9% -4.1%

York 34 1 10 $320,000 $270,000 $300,000 11.1% -1.3%

Balance of Wheatbelt 342 37 $160,000 $155,000 $140,000 -9.7% -2.6%

Ballidu 1 $165,000 $80,000 $50,000 -37.5% -21.2%

Bencubbin 1 $80,000 $85,000 6.3% n.a.

Bindi Bindi 1 $30,000 n.a. n.a.

Bodallin 1 $55,000 n.a. n.a.

Bolgart 1 $115,000 $98,000 n.a. n.a.

Brookton 5 1 $200,000 $140,000 $175,000 25.0% -2.6%


SAMPLE

RE

GIO

NA

L W

A






Bruce Rock 11 $108,000 $95,000 $88,500 -6.8% -3.9%

Buntine 1 $100,000 n.a. n.a.

Calingiri 2 $187,500 $167,000 $145,000 -13.2% -5.0%

Coomberdale 4 n.a. n.a.

Corrigin 15 1 $170,000 $139,250 $145,000 4.1% -3.1%

Cuballing 1 1 $311,000 $250,000 $300,000 20.0% -0.7%

Cunderdin 11 1 $180,500 $170,000 $205,000 20.6% 2.6%

Dalwallinu 14 2 $165,000 $140,000 $180,000 28.6% 1.8%

Dangin 1 n.a. n.a.

Darkan 2 $225,000 $198,750 $100,000 -49.7% -15.0%

Dowerin 6 1 $181,250 $157,000 $130,000 -17.2% -6.4%

Dumbleyung 6 $21,500 $95,000 $103,500 8.9% 36.9%

Goomalling 8 $95,000 $185,000 $177,500 -4.1% 13.3%

Hyden 1 $210,000 $220,000 n.a. 0.9%

Kalannie 5 $285,000 $207,500 $220,000 6.0% -5.0%

Kellerberrin 5 2 $163,250 $110,750 $125,000 12.9% -5.2%

Kondinin 4 $92,000 $70,000 $50,250 -28.2% -11.4%

Koorda 5 $85,000 $49,750 $65,000 30.7% -5.2%

Kukerin 1 $40,000 $29,000 $70,000 141.4% 11.8%

Kulin 7 $77,500 $96,000 $50,000 -47.9% -8.4%

Kununoppin 3 $40,000 $25,000 $50,000 100.0% 4.6%

Lake Grace 13 2 $180,000 $150,000 $170,000 13.3% -1.1%

Lake King 1 n.a. n.a.

Marvel Loch 2 $45,000 $37,500 -16.7% n.a.

Meckering 4 $137,500 $162,000 n.a. 3.3%

Merredin 44 2 $150,500 $179,000 $162,500 -9.2% 1.5%

Minnivale 1 n.a. n.a.

Moora 15 4 $155,000 $170,000 $150,000 -11.8% -0.7%

Mukinbudin 3 $150,000 $69,750 $92,000 31.9% -9.3%

Narembeen 7 $122,500 $130,000 $75,000 -42.3% -9.3%

Narrogin 32 2 $245,000 $222,500 $163,000 -26.7% -7.8%

Newdegate 2 $107,500 $75,000 $89,167 18.9% -3.7%

Nungarin 2 $43,000 $83,000 $85,000 2.4% 14.6%

Pingelly 14 2 $161,250 $140,000 $110,000 -21.4% -7.4%

Popanyinning 1 $105,000 n.a. n.a.

Quairading 5 $105,000 $185,000 $140,000 -24.3% 5.9%

Southern Cross 11 $159,500 $147,500 $80,000 -45.8% -12.9%

Tammin 4 2 $54,250 $85,000 $80,000 -5.9% 8.1%

Tincurrin 1 $70,000 n.a. n.a.

Trayning 4 $73,000 $85,500 17.1% n.a.

Wagin 22 4 $148,750 $170,000 $178,000 4.7% 3.7%

Wandering 2 $195,000 $270,000 $270,000 0.0% 6.7%

Warralakin 1 $36,000 n.a. n.a.

Watheroo 3 $130,000 $50,000 n.a. -17.4%

Westonia 3 $55,000 $34,750 $180,000 418.0% 26.8%

Wickepin 4 $170,000 $60,000 $106,000 76.7% -9.0%

Williams 8 $280,000 $195,000 $194,500 -0.3% -7.0%

Wongan Hills 10 1 $195,000 $166,000 $171,500 3.3% -2.5%

Wyalkatchem 7 1 $122,500 $87,000 $95,000 9.2% -5.0%

Yealering 1 $87,500 $115,000 n.a. 5.6%

Coastal Wheatbelt 117 7 44 $412,500 $400,000 $409,000 2.3% -0.2%

Cervantes 15 1 5 $432,500 $345,000 $335,000 -2.9% -5.0%

Dandaragan 4 $199,950 $180,500 -9.7% n.a.

Gingin 9 4 $325,000 $348,750 $320,000 -8.2% -0.3%

Granville 1 2 n.a. n.a.

Guilderton 12 1 $620,000 $505,000 $500,000 -1.0% -4.2%

Jurien Bay 34 2 26 $425,000 $390,000 $412,500 5.8% -0.6%

Lancelin 23 1 1 $375,000 $395,000 $385,000 -2.5% 0.5%

Ledge Point 13 2 1 $428,750 $425,000 $430,000 1.2% 0.1%

Muchea 5 2 $520,000 $523,500 $557,000 6.4% 1.4%

Seabird 2 2 $415,000 $312,500 -24.7% n.a.

Regional WA 6,606 629 2,145 $375,000 $385,000 $365,000 -5.2% -0.5%


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Overview LIFESTYLE LIVING SUMMARY

Sub-Regional Area/ Regional Centre

HOUSES LAND

Year to September 2015 Year to September 2016Year to September

2015Year to September

2016

Sales Median Price Sales Median Price Sales Sales

Armadale/Serpentine 89 $900,000 85 $855,000 2 4

Canning 1 $12,000,000 1

Cockburn 20 $1,025,000 17 $1,135,000 6 2

Gosnells 25 $1,220,000 18 $1,400,000 1

Hills 109 $800,000 83 $730,000 25 23

Joondalup South 1 $460,000

Rockingham/Kwinana 50 $977,500 38 $982,500 6 2

Stirling East 1 $2,000,000 1

Swan 78 $900,000 52 $857,500 1 2

Wanneroo North East 41 $1,150,000 25 $1,050,000

Wanneroo North West 7 $835,000 3 $865,000 2 1

Wanneroo South 2 $5,650,000 1 $5,500,000 1

Perth Metro Region 424 $927,500 322 $875,000 47 35

Albany Urban Area 24 $647,000 31 $575,000 3 3

Broome Urban Area 2 $1,030,000

Bunbury Greater 14 $625,000 12 $591,000 1

Busselton Urban Area 8 $750,000 2 $587,500 1

Carnarvon Urban Area 1 $275,000 2 $512,500

Esperance Urban Area 7 $585,000 10 $517,500 1

Geraldton/Greenough 28 $532,500 13 $467,000 2 3

Mandurah/Murray 59 $710,000 51 $715,000 2

Northam 3 $425,000 1 $530,000 2 3

Port Hedland 1 $810,000

Z Balance of Regional WA 414 $515,000 341 $500,000 27 27

Regional WA 561 $555,000 463 $535,000 36 40

WA 985 $695,000 785 $655,000 83 75

LIFESTYLE LIVING SUMMARY - HOUSE & LAND SALES OF LOTS > 1 HA Year to September 2016Source: Landgate/REIWA

Lifestyle livingStarting with the March 2007 quarter, REIWA has segmented its market analysis into house and land sales above and below one hectare. This step has been taken to reduce the influence that higher prices of larger lifestyle lots have on overall market medians. For the majority of Perth suburbs, this change has no impact as sales of larger properties represent only 1.5-2.0% of total sales whilst in regional WA, this figure is around 5-6%. In terms of the effect on median price, exclusion of houses on lots greater than one hectare reduces Perth’s quarterly median price by $2,000 whilst for regional WA, this figure is $7,000.

The Lifestyle Living Summary table gives an indication of the distribution of lifestyle living house and land sales in the outer metropolitan areas along with sales volumes and median prices for similar properties on the periphery of various regional centres.

Comparisons of annual median house prices for the year to September 2016 highlight the price differential and influence

of lot size. The effects of segmenting markets by lot size appears to be more pronounced in local markets, reflected in the following example for Bridgetown which recorded 19 sales greater than 1Ha and 38 sales less than 1Ha for the year to June 2016.

MEDIAN HOUSE PRICE YEAR TO SEPTEMBER 2016All properties Less than 1 ha Greater than 1 Ha

Perth region $530,694 $530,000 $875,000

Regional WA $370,000 $365,000 $530,000

WA $490,000 $489,000 $654,000

Bridgetown $379,000 $320,000 $510,000

Given the variability in the size and nature of lifestyle living property, the annual and five year average annual change in median price has not been provided.

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LIFESTYLE LIVING SUMMARY Perth Metro Region

Sub-regional Areas & Suburbs

HOUSES LAND

Year to September 2015 Year to September 2016 Year to September 2015 Year to September 2016

Sales Median Sales Median Sales Sales

Armadale/Serpentine 89 $900,000 85 $855,000 2 4

Bedfordale 9 $850,000 12 $727,500

Byford 1 $890,000 8 $1,824,250 1 1

Cardup 8 $875,000 9 $850,000

Darling Downs 11 $965,000 4 $892,500

Forrestdale 5 $1,228,000 4 $1,300,000

Oakford 15 $900,000 18 $952,500 1

Roleystone 11 $930,000 7 $840,000 1

Serpentine 5 $940,000 6 $711,000

Cockburn 20 $1,025,000 17 $1,135,000 6 2

Banjup 8 $1,100,000 15 $1,150,000

Jandakot 6 $1,025,000 2 $1,077,500

Gosnells 25 $1,220,000 18 $1,400,000 1

Maddington 2 $2,855,000 7 $3,300,000

Martin 5 $1,100,000 1 $715,000

Southern River 6 $2,237,500 2 $3,056,222 1

Hills 109 $800,000 83 $730,000 25 23

Chidlow 13 $700,000 14 $644,250 2 4

Forrestfield 6 $900,000 1 $920,000

Gooseberry Hill 5 $1,310,000 4 $1,125,000

Hovea 5 $800,000 8 $753,000 2

Mount Helena 12 $662,500 5 $830,000 5 8

Mundaring 2 $1,505,000 6 $642,500 1 1

Parkerville 7 $835,000 9 $678,000 5 1

Sawyers Valley 11 $575,000 3 $475,000 3 1

Stoneville 10 $765,000 6 $705,000 3 5

Wattle Grove 6 $1,350,000 3 $1,265,000 1

Rockingham/Kwinana 50 $977,500 38 $982,500 6 2

Anketell 5 $2,250,000 4 $2,562,500

Baldivis 18 $995,000 8 $1,055,000 3 1

Casuarina 2 $742,500 5 $710,000

Karnup 7 $1,180,000 8 $991,000 1

Wandi 7 $950,000 8 $992,500

Wellard 9 $807,000 3 $830,000 2

Swan 78 $900,000 52 $857,500 1 2

Brigadoon 11 $1,050,000 5 $875,000

Bullsbrook 37 $699,000 27 $750,000 2

Gidgegannup 8 $745,000 4 $742,500

Henley Brook 3 $1,250,000 5 $1,100,000

Wanneroo North East 41 $1,150,000 25 $1,050,000

Carabooda 2 $1,105,000 5 $900,000

Carramar 6 $1,082,500 3 $920,000

Gnangara 14 $1,093,000 6 $1,165,000

Mariginiup 8 $1,317,500 5 $925,000

Wanneroo 7 $1,335,000 6 $1,122,500

Wanneroo North West 7 $835,000 3 $865,000 2 1

Two Rocks 7 $835,000 3 $865,000 1 1

Perth Metro Region 424 $927,500 322 $875,000 47 35

May exclude suburbs with less than 5 house sales in either Year to September 2015 and 2016

PERTH LIFESTYLE LIVING - HOUSE & LAND SALES OF LOTS > 1 HA Year to September 2016Source: Landgate/REIWA

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Regional WA LIFESTYLE LIVING SUMMARYREGIONAL LIFESTYLE LIVING - HOUSE & LAND SALES OF LOTS > 1 HA Year to September 2016Source: Landgate/REIWA

Region & Locality

HOUSES LAND



Gascoyne 3 $275,000 3 $665,000

Goldfields-Esperance 10 $427,500 12 $510,000 5 5

Pink Lake 3 $430,000 7 $505,000

Windabout 3 $875,000 1 $865,000

Great Southern 90 $572,500 86 $592,500 14 8

Gledhow 2 $598,500 6 $527,500 1

Lower King 1 $775,000 8 $630,000

Mckail 5 $620,000 2 $437,500

Robinson 7 $695,000 5 $555,000

Willyung 3 $624,000 2 $661,000 1 2

Bremer Bay 2 $737,500 3 $564,000

Denmark 4 $722,500 3 $750,000 1 1

Hay 6 $610,000 2 2

Kalgan 8 $680,000 7 $790,000

Kojonup 4 $502,500 1 $520,000

Marbelup 4 $645,000 3 $590,000

Millbrook 3 $625,000

Mount Barker 8 $432,500 2 $387,500 7

Ocean Beach 2 $612,500 4 $922,500

Scotsdale 2 $782,500 8 $800,000

Shadforth 4 $722,500 3 $630,000 1

Kimberley 4 $1,030,000 3 $688,000

Mid West 42 $536,000 29 $435,000 2 5

Dongara 1 $565,000 3 $328,000

Northampton 3 $330,000 2 $327,501 1

White Peak 5 $765,000 4 $610,000

Deepdale 5 $530,000 2 $363,500

Moresby 11 $495,000 6 $537,000

Rudds Gully 1 $485,000 3 $460,000 1

Waggrakine 5 $550,000 1 $375,000

Woorree 4 $612,500 1 $745,000

Peel 81 $675,000 66 $695,000 2

Lake Clifton 8 $555,000 5 $540,000

North Dandalup 2 $772,500 3 $710,000

Waroona 4 $557,500 1 $287,500

Barragup 11 $755,000 17 $650,000

Bouvard 5 $780,000 4 $837,500

Furnissdale 4 $528,750 5 $590,000

Herron 8 $645,000 7 $650,000

Parklands 7 $682,500 7 $775,000

Pinjarra 4 $700,000 3 $750,000 2

Stake Hill 11 $710,000 3 $680,000

West Pinjarra 3 $802,000 3 $775,000

Pilbara 4 $825,000 1 $665,000 1 1

Boodarie 3 $840,000 1 $665,000

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LIFESTYLE LIVING SUMMARY Regional WA

Region & Locality

HOUSES LAND



South West 163 $590,000 125 $580,000 5 8

Augusta 3 $710,000 4 $466,250

Burnside 7 $835,000 3 $785,000

Margaret River 19 $850,000 15 $860,000

Dunsborough 3 $940,000 4 $1,235,000 1

Quedjinup 2 $861,500 3 $670,000

Bridgetown 19 $470,000 19 $510,000 1

Jalbarragup 4 $550,000 4 $462,500

Kangaroo Gully 6 $675,000 2 $545,000

Nannup 4 $486,250 5 $460,000

Pemberton 7 $550,000 4 $450,000

Vasse 4 $700,000 1 $630,000

Gelorup 7 $599,000 6 $565,000

Stratham 7 $670,000 6 $615,000

Allanson 3 $490,000

Argyle 4 $520,000 6 $597,500

Balingup 3 $380,000 2 $600,000

Boyanup 4 $595,000 2 $440,000

Collie 4 $425,000

Cookernup 4 $485,000

Dardanup West 9 $615,000 5 $725,000 1 2

North Boyanup 3 $600,000 3 $600,000

Wheatbelt 164 $438,500 138 $422,500 9 11

Bakers Hill 10 $492,500 8 $435,000

Beverley 5 $320,000 5 $430,000

Bindoon 11 $430,000 10 $401,000

Chittering 4 $465,625 5 $460,000

Clackline 1 $510,000 4 $392,500

Lower Chittering 25 $677,000 21 $620,000

Northam 3 $425,000 1 $530,000 2 3

Toodyay 7 $400,000 2 $305,000

West Toodyay 3 $425,000 4 $330,000

Wundowie 9 $500,000 5 $455,000

York 7 $385,000 7 $340,000 2

Corrigin 3 $340,000

Merredin 3 $410,000 2 $412,500

Pingelly 3 $92,500 4 $287,500

Wagin 3 $297,000 3 $180,000

Gabbadah 7 $425,000 4 $530,000

Gingin 2 $385,000 4 $462,500 1 1

Jurien Bay 2 $480,000 3 $350,000

Karakin 5 $500,000 4 $383,750

Muchea 6 $680,000 5 $445,000

Nilgen 4 $355,000 3 $350,000

Woodridge 14 $462,500 7 $530,000

Regional WA 561 $555,000 463 $535,000 36 40

May exclude suburbs with less than 3 house sales in either Year to September 2015 and 2016

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Macro Growth Rates REIWA MARKET UPDATE

SUBURBS & LOCALITIES WITH LARGEST GROWTH RATES OVER ONE YEAR BY MARKET SECTOR

SuburbSales Year to June

2016

Median Sales Price Year to June 2016

% Change from the previous

year

HOUSES: PERTH

Kallaroo 71 $785,000 19.1%

Swanbourne 55 $1,720,000 15.4%

Trigg 39 $1,135,000 12.9%

South Guildford 47 $558,000 9.4%

Fremantle 62 $846,500 5.5%

Applecross 83 $1,450,000 4.3%

Attadale 76 $1,068,750 4.3%

South Fremantle 38 $1,035,000 3.9%

Churchlands 39 $1,370,000 3.8%

Burns Beach 44 $943,500 3.1%

MULTI-RESIDENTIAL: PERTH

Joondanna 37 $459,000 11.5%

Applecross 50 $637,500 6.7%

Fremantle 79 $560,000 5.3%

Burswood 48 $737,500 3.5%

Glendalough 32 $310,000 3.3%

Como 147 $520,000 2.0%

Rivervale 127 $415,000 1.3%

Victoria Park 96 $434,500 1.0%

West Perth 120 $525,000 1.0%

Hamilton Hill 34 $370,000 0.0%

LAND: PERTH

Dianella 47 $480,000 12.3%

The Vines 48 $299,000 8.7%

Beckenham 57 $300,000 7.1%

Whitby 48 $191,500 6.4%

Karnup 38 $190,001 5.6%

Hilbert 113 $194,800 5.1%

Harrisdale 91 $294,000 5.0%

Southern River 81 $339,000 4.3%

Iluka 32 $550,000 3.8%

Hammond Park 45 $328,000 2.5%

HOUSES: COUNTRY WA

York 34 $300,000 11.1%

Busselton 35 $530,000 9.3%

Hannans 33 $420,000 9.1%

Jurien Bay 34 $412,500 5.8%

Pinjarra 61 $380,000 5.7%

Carey Park 64 $286,500 5.1%

Bayonet Head 40 $407,500 4.8%

Orana 34 $291,000 4.3%

Wannanup 58 $471,250 3.0%

Mckail 51 $415,000 2.5%

SUBURBS & LOCALITIES WITH LARGEST GROWTH RATES OVER THE QUARTER BY MARKET SECTOR


2016


Quarterly % Change in Annual Median

HOUSES: PERTH

Riverton 64 $690,000 8.9%

Attadale 76 $1,068,750 6.3%

Woodlands 48 $890,000 4.7%

East Cannington 68 $521,000 4.2%

Marmion 35 $952,000 4.0%

Warwick 47 $578,000 3.2%

Beeliar 98 $546,250 3.2%

Coogee 42 $750,000 3.0%

Fremantle 62 $846,500 2.9%

Guildford 32 $632,500 2.8%


Joondanna 37 $459,000 10.6%

South Perth 155 $570,000 8.4%

Hamilton Hill 34 $370,000 4.2%

Maylands 193 $389,000 4.1%

Rivervale 127 $415,000 2.5%

Burswood 48 $737,500 2.4%

Como 147 $520,000 1.7%

Glendalough 32 $310,000 1.6%

Yokine 63 $355,000 0.4%

East Fremantle 43 $610,000 0.0%

LAND: PERTH

The Vines 48 $299,000 8.7%

Whitby 48 $191,500 3.5%

Munster 36 $315,000 3.3%

Dianella 47 $480,000 3.2%

Madeley 37 $288,000 2.5%


Beckenham 57 $300,000 1.4%

Spearwood 40 $380,000 1.3%

Byford 222 $207,500 1.2%


HOUSES: COUNTRY

Pinjarra 61 $380,000 3.4%

Carey Park 64 $286,500 2.3%

Mount Barker 32 $227,500 1.8%

Merredin 44 $162,500 1.6%

Wandina 52 $415,000 1.5%

Hannans 33 $420,000 1.2%

Denmark 52 $351,500 1.2%

Millbridge 39 $450,000 1.1%

Bayonet Head 40 $407,500 1.1%

Usher 32 $287,500 0.9%

SUBURBS & LOCALITIES WITH LARGEST GROWTH RATES OVER FIVE YEARS BY MARKET SECTOR


2016


5 Year Average Annual

Growth %

HOUSES: PERTH

Rossmoyne 31 $1,142,000 6.0%

Coolbellup 66 $500,000 5.5%

Bateman 38 $779,000 5.0%

Willetton 214 $700,000 4.8%

Alfred Cove 45 $868,000 4.5%

Kenwick 51 $397,500 4.4%

Langford 47 $414,000 4.4%

South Guildford 47 $558,000 4.3%

Kallaroo 71 $785,000 4.3%



Fremantle 79 $560,000 5.9%

Crawley 54 $792,500 5.1%

Maylands 193 $389,000 4.2%

Joondanna 37 $459,000 3.8%

Shoalwater 35 $275,000 3.5%

North Perth 51 $470,000 3.3%

Kewdale 32 $394,500 3.2%

Como 147 $520,000 3.2%

Wembley 87 $320,000 2.3%

Victoria Park 96 $434,500 2.2%

LAND: PERTH

Spearwood 40 $380,000 14.3%




Craigie 57 $340,000 4.9%

Byford 222 $207,500 4.7%

Success 53 $300,000 4.5%

Harrisdale 91 $294,000 4.4%

The Vines 48 $299,000 4.2%

Caversham 105 $305,000 4.1%

HOUSES: COUNTRY

Busselton 35 $530,000 4.5%

Dunsborough 117 $615,000 2.6%

Wannanup 58 $471,250 2.5%

West Busselton 122 $439,500 2.4%

Coodanup 58 $293,500 2.2%

Pinjarra 61 $380,000 2.1%

Bayonet Head 40 $407,500 1.9%

Margaret River 117 $460,000 1.8%

Greenfields 144 $315,000 1.7%

Carey Park 64 $286,500 1.6%

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REIWA MARKET UPDATE Market Research

MethodologySales analysis presented in Market Update is based on settled sales transactions data purchased by REIWA from the Western Australian State Government’s statutory land agency Landgate. All statistical analysis is undertaken by REIWA.It is important to note that whilst only settled sales transaction are used in the analysis, it is the contract date of the sale not the settlement date that is used in the analysis and this defines the respective quarter of transaction.Market Update is prepared from data compiled two to three weeks after the end of the reporting quarter and due to the lag between contract and settlement date it captures a sample of sales activity estimated at around 65-70% of dwelling transactions and 45% of land sales. Therefore all figures for the reporting quarter are considered preliminary for up to 3 months after the end of the quarter after which time revised and final medians are calculated.

Property ClassificationsREIWA includes the following property types within its definition of houses and units with the accuracy of sales volumes and medians dependant on the property classification designated in Landgate data:

• Houses – house, group dwelling (a detached dwelling on a strata lot) and duplex (irrespective of title arrangements due to land component more akin to houses)

• Units – all other attached dwellings including triplex, quadraplex, townhouse, villa, unit, apartment and flat

Other than the inclusion of duplex in the house category (which are semi-detached to the adjoining property), REIWA endeavours to align with the

Australian Bureau of Statistics definition of house being a detached dwelling irrespective of land title arrangements and units capturing attached dwellings that are classified as Other by ABS.All land sales analysis include both green and strata titled lots.

House Price Measures – Medians, Averages and QuartilesThe median price is the middle price in a series of sales. For example, if there are 15 sales recorded in a suburb and these are arranged in order from lowest to highest value, then the eighth sale is the median price. In the case where there is an even number of sales in a series, the median is the average of the middle two prices.An average price is different to a median as it is calculated by adding up the value of all the sales and dividing it by the number of sales.Median prices are generally used in property analysis rather than average prices because median prices are unaffected by a few unusually high or low prices that may skew averages. Whilst the median is regarded as presenting a more accurate measure of true market activity, sample size is also important with 30 sales considered a reliable sample. Below this, the sample may be subject to bias and present undue volatility.Whilst the median provides a general indicator of the trend in property prices for the majority of the market in a suburb, care should be taken when applying the results to an individual property as prices may be influenced by a range of unique factors including age, house and lot size and condition.Other statistical parameters that may be reported in the media or in REIWA research from time to time include the upper and lower quartiles. These are derived in a similar way to calculating the median by placing all records for a

period in value order and identifying the values that represent:

• the top of the bottom 25% of the market – the lower quartile, and

• the bottom of the top 25% of the market – the upper quartile.

There are also a variety of measures used to express price movements. These include the quarterly change between quarterly medians and annual changes which may compare either one quarter with the same quarter in the previous year or a year-on-year change which compares annual medians. Annual medians are also used to calculate 5 and 10 year Average Annual Growth Rates which represent the compound growth rate over the respective period.

REIWA explanatory commentDuring the September 2015 quarter, REIWA has moved to a new data warehouse system. This has provided the opportunity to clean the data, enhance some of the analysis measures and overall improve the quality of our research data and analysis tools. As a result, there may be some slight differences in the figures from the previous quarter.

Specifically, with regards to average selling days and discounting measures, REIWA has improved the methodology for calculating these figures.

Overall, in terms of data quality, REIWA has reviewed how some transactions are classified by Landgate. In addition, REIWA now does not include off-market or non-armslength transactions.

For other information and examples of statistical concepts, visit www.reiwa.com.au and check out FAQs – Statistical Concepts under Do Your Research.

Statistical Concepts and House Price Measurements

ECONOMIC OVERVIEW

UnemploymentWA unemployment rate is 6.2% which is now above the national average of 5.6%.

The overall participation rate for WA continues to trend lower to currently sit at 66.8% for the month of September 2016.

Despite the negative figures in overall WA unemployment trends, sectors such as Agriculture remain strong drivers for labour growth. On the other hand, the recent down-turn in the mining and construction industries has seen job growth in the two sectors slow down over the last 12 months.

65.0

65.5

66.0

66.5

67.0

67.5

68.0

68.5

69.0

69.5

70.0

70.5

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

WA Unemployment Rate (%) (LHS) WA Participation Rate (%) (RHS)

Source: ABS Cat No. 6202.0

6.2%

66.8%

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

-2,000

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

Sep-

2006

Dec-

2006

Mar

-200

7

Jun-

2007

Sep-

2007

Dec-

2007

Mar

-200

8

Jun-

2008

Sep-

2008

Dec-

2008

Mar

-200

9

Jun-

2009

Sep-

2009

Dec-

2009

Mar

-201

0

Jun-

2010

Sep-

2010

Dec-

2010

Mar

-201

1

Jun-

2011

Sep-

2011

Dec-

2011

Mar

-201

2

Jun-

2012

Sep-

2012

Dec-

2012

Mar

-201

3

Jun-

2013

Sep-

2013

Dec-

2013

Mar

-201

4

Jun-

2014

Sep-

2014

Dec-

2014

Mar

-201

5

Jun-

2015

Sep-

2015

Dec-

2015

Mar

-201

6

Net Overseas Migration WA (LHS) Net Interstate Migration WA (LHS) Natural Increase WA (LHS) Estimated Resident Population (RHS)

Source: ABS Cat No. 3101.0 PopulationWA continues to experience negative growth in interstate migration post the mining downturn as people continue to look for employment opportunities in the eastern states.

Net overseas migration into WA which has previously remained subdued has shown some positive signs during the March 2016 quarter.

However, WA population is still experiencing an overall positive growth, but only at 1.2% which is largely contributable to the natural increase in population. In contrast, the nation’s population growth remains at 1.4%. The state’s estimated overall population is approximately at 2.61 million.

0.00

2.00

4.00

6.00

8.00

10.00

Sep-

2006

Mar

-200

7

Sep-

2007

Mar

-200

8

Sep-

2008

Mar

-200

9

Sep-

2009

Mar

-201

0

Sep-

2010

Mar

-201

1

Sep-

2011

Mar

-201

2

Sep-

2012

Mar

-201

3

Sep-

2013

Mar

-201

4

Sep-

2014

Mar

-201

5

Sep-

2015

Mar

-201

6

Sep-

2016

Series2

RBA cash rate 1.50%

5.25%

Source: RBA Cat No. A2, F5 Interest Rates The RBA cash rate is currently at a historical low of 1.50%.

Banks continue to pass on the cash rate cut to borrowers, albeit marginally. The current standard variable home loan rate is currently sitting at 5.25%. However, the decline in the lending rates still lags the downward trend seen in the cash rate.

Firmer regulation by the Australian Prudential Regulation Authority (APRA) in the form of tightening loan to valuation ratios (LVR) and increasing banks’ capital ratios ensures that banks are protected against potential mortgage losses.

0.0

1.0

2.0

3.0

4.0

5.0

6.0

Year-ended Inflation (%)

1.3%

RBA target

Source: RBA Cat No. G1

InflationInflation is currently sitting at 1.3% (year to September 2016) which remains below the RBA’s target bandwidth of 2-3%. However, the latest figures have improved in comparison to the year to June figure of 1.0%.

Current estimates are for inflation to remain below two per cent until mid-2018. The new Governor of the Reserve Bank of Australia has indicated for inflation to reach the desired target “over time and gradually” in recent comments.



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REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA

MARKET UPDATE – SEPTEMBER QUARTER 2016

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september quarter 2016 market update - reiwa · perth housing and land market perth region...

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