Perth is the capital city of Western Australia and is the fourth biggest city in Australia. Perth was built up along the Swan River and provides a magnificent backdrop to the city. Houses along the river are Perth’s prime real estate. Cycling, running or just taking a picnic along the banks of the Swan river, is popular with locals and visiting tourists.
The city was founded in 1829 and even though the city is over 3,200 kilometers from Australia’s biggest city Sydney, the city’s population has grown steadily, reaching to just over 2 million people today. In recent years the city has become the commercial centre for mining companies and the city has grown in pace with the mining booms of Western Australia. Not only has the mining boom pushed up property prices, but due to its isolation, transporting goods to the city makes everything more expensive.
Perth’s Top Real Estate Agents
Perth has over 300 real estate agents to sort through to find the top agents. One of Perth’s top agents has sold nearly 20 properties in Perth in the past 12 months 40 overall, with a total sales value of $13 million. He works at the strongest agency in Perth and their sales are by far the best in the city, a head about the other agencies. That particular agency has the top three agents in Perth, and they would one of them would be sure to get the best sales result for your property.
Perth Property Market
Mainly due to Australia’s mining boom, Perth’s real estate has been very hot. As the cycle has moved down, prices have also fallen slightly. The median price for a 3 bedroom house is a little over $850,000 and almost $500,000 for a 2 bedroom unit. Prices for houses have increased by around 31 per cent since 2007. Unit prices have been more flat, with even a drop in price for the past few years.
Where to Live in Perth
The most popular areas to live in Perth, with prices to match, are the northern suburbs, between the city and down to the coast. Anything along the river and houses with panoramic rivers fetch top dollars. The most expensive suburbs in Perth include: Cottesloe, Dalkeith, Subiaco, Nedlands, Claremont, Mosman Park and Peppermint Grove.
The interesting thing in Perth, say compared with Sydney and Melbourne, is that you will still sometimes see older, rundown properties in the expensive suburbs as the owners have trouble maintaining them.
South Perth is where many apartments are located. There is also a good vibe with many young people living in the area. Property prices are more reasonable and it is easy access to the city.
If you would prefer to live in a more hilly area, you might want to look at the suburbs of Darlington or Glen Forrest. The suburbs have large blocks of land, oozing with vegetation and wildlife. The only downside is a longer commute to the city.