REVEALED: The 29 Perth suburbs that have seen more than 10 per cent price growth in 2022

Nov 18, 2022, 10:51 AM

Twenty-nine Perth suburbs have recorded median house sale price growth of more than 10 per cent during the 2022 calendar year to date. Did your suburb make the list?

Title : REVEALED: The 29 Perth suburbs that have seen more than 10 per cent price growth in 2022

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News date : Aug 29, 2022, 08:00 AM

Twenty-nine Perth suburbs have recorded median house sale price growth of more than 10 per cent during the 2022 calendar year to date.

Mount Hawthorn experienced the strongest growth, with its median increasing 16.3 per cent to $1.265 million.

North Perth came in second, with 15.8 per cent growth, followed by Warwick (14.8 per cent growth), Carine (14.3 per cent growth) and Iluka (14.1 per cent growth).

REIWA President Damian Collins said while the overall Perth market had seen prices grow 4.2 per cent between 1 January and 31 July, there were a considerable number of suburbs that had far exceeded that figure.

"These 29 suburbs have experienced substantial price growth in a relatively short period of time, which is very impressive – especially when you factor in the four rate rises since May.

"It will be interesting to observe how they perform for the remainder of the year and whether they can sustain the momentum of this growth trajectory,” Mr Collins said.

105 Perth suburbs see growth of over five per cent

Further analysis revealed an additional 105 Perth suburbs had seen price growth of five per cent or more during the 2022 calendar year to date.

"REIWA agents on the ground continue to report solid market conditions, and this is reflected in the large number of suburbs that have seen strong price growth in 2022,” Mr Collins said.

“While interest rate rises will naturally have some impact on our local market, West Australians are the best placed in the country to manage the costs of servicing a loan.

“Not only do we have the most affordable housing in the country and a strong economy and jobs market, but we also have a housing shortage and growing population. While there may be some fluctuation month to month, all these factors point to Perth’s current growth cycle continuing.”

The 29 Perth suburbs with more than 10 per cent growth in 2022

Suburb	Median house sale price	Price growth 2022 to day
1. Mount Hawthorn	$1.265 million	16.3%
2. North Perth	$1.15 million	15.8%
3. Warwick	$680,000	14.8%
4. Carine	$1.02 million	14.3%
5. Iluka	$1.027 million	14.1%
6. East Fremantle	$1.475 million	13.5%
7. Mullaloo	$940,000	13.2%
8. Attadale	$1.537 million	13.0%
9. Subiaco	$1.625 million	13.0%
10. Madora Bay	$610,000	13.0%
11. Sinagra	$525,000	13.0%
12. Waikiki	$423,000	12.3%
13. Mount Claremont	$1.74 million	12.3%
14. Karrinyup	$1.065 million	11.9%
15. Cottesloe	$2.85 million	11.8%
16. Two Rocks	$447,000	11.7%
17. Padbury	$670,000	11.7%
18. West Leederville	$1.42 million	11.6%
19. Sorrento	$1.283 million	11.6%
20. Riverton	$736,500	11.2%
21. Gwelup	$1.1 million	11.1%
22. Silversands	$525,000	10.5%
23. Shoalwater	$530,000	10.4%
24. Rivervale	$612,500	10.4%
25. Midland	$358,500	10.3%
26. Hammond Park	$568,000	10.3%
27. Craigie	$548,750	10.2%
28. Mount Helena	$595,000	10.2%
29. Edgewater	$642,500	10.1%

_{*Data is for suburbs with 28 or more annual house sales to 31 July 2022.}

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