Freo House Values

The Domain Quarterly House Price report, out yesterday, reports on Perth property price trends in glowing terms –

Perth’s housing market continues to be a top performer nationwide. House prices reached another new record after surging 16.6% higher than a year ago – the city’s steepest growth in 17 years. Despite the continual rise, quarterly growth has lost steam. It now sits at 1.5%, five times slower than the previous quarter.

The first quarter of 2024 marked a significant milestone for Perth’s unit prices, which soared to a record high and finally overtook the previous peak of a decade ago. This resulted from unit prices accelerating substantially after the city’s fastest quarterly gain in 3.5 years (at 8.1%) and 17-year-high annual gains (at 17.2%). The growth in unit prices has outperformed houses annually and quarterly – breaking a trend seen across the last 11 successive quarters and narrowing the price gap to 83%, down from the previous quarter’s record 95%.

Source REIWA.com.au

Which gets one wondering what Freo area prices are like. Here’s what Domain local suburb profiles suggest median house and unit prices are around Freo. Obviously just a rough guide based on last 12 months sales. As it’s a ‘median’ value shown, some individual sales in each area will be higher than the median and others will be lower. But interesting nonetheless.

FREMANTLE