Ray White Now | August 2021 | Page 23

HIGHEST PRICE GROWTH SUBURBS FOR INVESTORS - WESTERN AUSTRALIA AND PERTH 12 months to June 2021
SUBURB
REGION
TYPE
MEDIAN
% GROWTH
Perth ( highest price growth for homes under $ 520,000 )
Joondalup
North Metropolitan
Unit
$ 395,000
33.0 %
Medina
South West Metropolitan
House
$ 250,000
28.2 %
Mosman Park
Central Metropolitan
Unit
$ 400,000
25.0 %
Dianella
North Metropolitan
Unit
$ 338,000
23.8 %
Armadale
South East Metropolitan
House
$ 245,000
22.5 %
Regional WA ( highest price growth for homes under $ 390,000 )
Merredin
Campion
House
$ 152,500
69.0 %
South Hedland
De Grey
House
$ 290,060
34.9 %
Coodanup
Mandurah
House
$ 305,000
29.8 %
Boulder
Kalgoorlie / Boulder City Part A
House
$ 225,000
28.6 %
Collie
Preston
House
$ 196,500
26.8 %
Source : Corelogic , Ray White
While investors typically don ’ t target high yields , it can be useful to look at high yielding locations as they tend to be at cheaper price points . More negatively , they often don ’ t achieve price growth that tracks the average .
No surprises that mining towns are dominating the highest yielding regional areas given how strong rental growth has been .
HIGHEST YIELDING SUBURBS WITH POSITIVE PRICE GROWTH FOR INVESTORS - WESTERN AUSTRALIA AND PERTH 12 months to June 2021
SUBURB
REGION
TYPE
YIELD
MEDIAN
% GROWTH
Perth ( highest yields for homes under $ 520,000 )
Midland
East Metropolitan
Unit
6.7 %
$ 230,000
0.0 %
Orelia
South West Metropolitan
House
6.3 %
$ 265,000
11.3 %
Armadale
South East Metropolitan
House
6.2 %
$ 245,000
22.5 %
Spearwood
South West Metropolitan
Unit
6.1 %
$ 279,000
3.7 %
Camillo
South East Metropolitan
House
5.9 %
$ 265,000
22.4 %
Regional WA ( highest yields for homes under $ 390,000 )
South Hedland
De Grey
Unit
14.3 %
$ 155,000
14.8 %
Merredin
Campion
House
9.7 %
$ 152,500
69.0 %
Newman
De Grey
House
9.5 %
$ 285,000
26.7 %
South Hedland
De Grey
House
9.0 %
$ 290,060
34.9 %
Narrogin
Hotham
House
7.9 %
$ 185,000
15.6 %
Source : Corelogic , Ray White
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