My last few post have been more on the Perth real estate market, so Ive decided to dedicated this post entirely to the Nedlands market. Ive been doing some research on the potential growth of Nedlands and how Nedlands compares to the mediun house price in Perth.
NEDLANDS vs PERTH MEDIUN HOUSE PRICE
2005
Nedlands $850,000
Perth $267,500
2006
Nedlands $997,500
Perth $328,000
2007
Nedlands $1,410,000
Perth $435,000
2008
Nedlands $1,650,000
Perth $463,000
2009
Nedlands $1,437,000
Perth $430,000
*Mediun house price covers 12 months to reference quarter
All data and stats received from:
http://reiwa.com.au/res/res-suburb-profile.cfm?suburb_id=2547&census_code=SSC52031&geogroup_id=1289&geogroup_parent_id=3
NEDLANDS vs PERTH METRO AREA AVERAGE ANNUAL GROWTH.
1 YEAR
Nedland -9.8%
Perth - 7.10%
CPI 3.8%
5 YEARS
Nedlands 15%
Perth 12.8%
CPI 3.7%
10 YEARS
Nedlands 13.2%
Perth 11.5%
CPI 3.3%
*All data collected from http://www.reiwa.com.au/
If you are interested, i have graphs for all these stats, as well as Nedlands vs Perth prices regarding 4 bedroom houses & 5 bedroom houses. Please feel free to contact me to receive this information.
Thinking of buying or selling in Nedlands? Call me anytime?
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