SINCE 1997

Latest Perth House Price Growth News

Prices, yields soaring across eclectic mix of Perth suburbs

Perth’s biggest price rises stretch across the city’s demographics, while the top ten suburbs for rental yields are all in working class suburbs.

Aerial photo of Perth suburb of Sorrento
Coastal Sorrento was one of Perth's biggest price risers in the first few months of 2021. Photo: Shutterstock

As winter approaches, a ‘perfect storm’ of property market conditions is driving prices in a big number of Perth suburbs towards annual hikes of more than 20 per cent.

With less than five months of the year accounted for in the latest figures released by the Real Estate Institute of WA (REIWA), 20 suburbs have recorded median house sale price increases of 10 per cent or more since the start of the year.

If the current price growth was to contin…