Falling property prices are creating more opportunities for investors, first-home buyers and growing families considering whether to buy, renovate or detonate the dwelling in their dream postcode.
Duncan Hughes, listed Mount Lawley as among some of the nations most popular suburbs in the nation in his article n the Financial Review last week.
“There’s a good case for renovating in Perth as the four-year depression of prices is making properties significantly more affordable, especially for dual-income households,” says HTW’s Hincliffe.
Inner suburbs with median house prices of more than $650,000 for family homes are popular, he adds. These include Mount Hawthorn, North Perth, Wembley, Nedlands and Mount Lawley.
Sub-division of large lots and new builds is increasing.