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As house prices in Perth rise, more buyers are turning to units, particularly in well located areas. While house markets have been competitive and expensive, unit markets remain more affordable. Suburbs like East Perth, Subiaco, and Belmont have seen increased unit sales with stable prices, making them attractive options as housing affordability declines.
CoreLogic’s annual Best of the Best Report spotlights topperforming suburbs and explores what 2025 might bring
At first glance, the Australian housing market was surprisingly resilient through 2024. In the 12 months to November,
home sales totalled 528,000 nationally, up 8.0% from the previous year, and 6.0% from the previous five-year average.
Home values have risen 5.5% over the past 12 months, and the combined value of Australian homes surpassed $11
trillion.
This is an important time for property in Australia, as many significant changes are afoot that will impact both buyers and seller. Open document to read more.
Top 3 most affordable Capital City Suburbs within 10km – houses
Brisbane’s real estate market has seen boom-level growth for houses and units, driven by high demand and population growth, as well as a strong economy, favorable climate and affordable prices compared to other major cities.
As house prices in Perth rise, more buyers are turning to units, particularly in well-located areas. While house markets have been competitive and expensive, unit markets remain more affordable. Suburbs like East Perth, Subiaco, and Belmont have seen increased unit sales with stable prices, making them attractive options as housing affordability declines.
This report is designed for the times. Now, more than ever, investors are searching for the most promising real estate markets that offer maximum cashflow potential whilst still providing strong prospects for capital growth. This report goes beyond industry standard metrics and examines the complete picture of what investors should be looking out for when assessing properties for return on investment.
Australia’s property market has experienced extraordinary growth in the past three years, with many locations achieving price growth that has not been heard of in the past. While price growth may have softened in some areas, there are still opportunities for investors to find markets set to tip over into million-dollar markets. Combining the research expertise of the Hotspotting team and the ground-truthing skills of Property buyer’s local buyers agents, we have been able to pinpoint a top selection of locations for savvy investors.
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