Six of the top ten most searched for suburbs for sale were on Perth’s coast, according to data from the Real Estate Insitute of Western Australia (REIWA).
Hillarys topped the list for West Australian’s searching for property, while Denmark was the only regional suburb to make the list.
Woodvale, Duncraig and Canning Vale followed suit.
REIWA President Damian Collins admits it’s an “eclectic mix”.
“While it’s no surprise a suburb like Canning Vale has trended highly, given it’s one of WA’s biggest suburbs, it’s interesting to note that six of the 10 suburbs have fewer than 10,000 people residing in the area,” Mr Collins said.
“Denmark in the Great Southern region has proven very popular with prospective buyers, for example, ranking second on the list, which is quite remarkable given it has a population of just 2,600.
“Denmark has a lot of lifestyle appeal, especially with those seeking a sea-tree change. It seems many West Australians are turning to the internet to learn more about Denmark and find out what kind of properties are available in the area,” Mr Collins continued.
Coastal suburbs are the most popular among house hunters, with six of the top ten searched suburbs known for their proximity to some of WA’s best beaches.
“In particular, the northern coastal suburbs were popular, with Hillarys, Iluka, Sorrento and Mindarie all rating highly with WA property seekers,” Mr Collins said.
Of the 10 suburbs that made the list, eight have median house prices above the Perth median of $510,000.
“This suggests it’s the trade-up sector of the WA market who are most actively searching for property right now,” Mr Collins said.
It’s great news for sellers.
“While sales activity across Perth remains subdued, the high levels of interest from prospective buyers in these suburbs should provide local sellers with some confidence.
“These areas are clearly striking a chord with WA property seekers, so there is an excellent opportunity for sellers to take advantage of this interest.”
Credit; The Real estate conversation