Western Australia 2024 End of Year Wrap
- Key Change Finance
- Dec 29, 2024
- 2 min read
Most Wanted Property Type
Top Keyword Searches
Perth home buyers are after something a little different – a shed. It is one of only two capitals where “shed” ranks among the top search keywords, the other being Darwin.
A workshop is also highly prioritised; it’s the only city where this term appears in the top 10 keywords.
Searches for “view”, “waterfront”, and “beach” have all risen through the rankings, showcasing a stronger focus on lifestyle and scenic living.
Conversely, “new” has dropped significantly in popularity, falling to 17th from fourth place last year, possibly indicating a shift away from turnkey home preferences and high construction costs.
Searches for “garage” have declined sharply this year, suggesting a reduced emphasis on practical storage and parking needs. The search for lifestyle and more affordable pastures remains strong.
A significant 46% of regional WA enquiries come from Perth residents, while only 4% are looking at a move to Perth. While most home hunters across WA come from within the state (89%), some set their sights on NSW (4%) and Queensland (3%).
In Demand Suburbs
Gidgegannup
Chidlow
Serpentine
Kingsley
Bedfordale
Suburbs with the Quickest Sales
Suburb | Days of Market |
South Lake | 9 days |
Currambine | 9 days |
Cooloongup | 9 days |
Hocking | 9 days |
Ferndale | 10 days |
Inglewood | 10 days |
Butler | 11 days |
Heathridge | 11 days |
Tapping | 11 days |
Eglinton | 11 days |
Price Per Square Meter
Most Expensive Suburbs | $/m2 |
North Fremantle | $6,356/m2 |
Swanbourne | $6,211/m2 |
North Coogee | $5,998/m2 |
Subiaco | $5,689/m2 |
Claremont | $5,454/m2 |
Least Expensive Suburbs | $/m2 |
Roleystone | $396/m2 |
Gooseberry Hill | $594/m2 |
Lesmurdie | $623/m2 |
Medina | $666/m2 |
Pinjarra | $719/m2 |
Areas with the highest proportion of distressed listings
Canning, 3.8%
Belmont - Victoria Park, 3.6%
Rockingham, 2.8%
South Perth, 2.8%
Serpentine - Jarrahdale, 2.7%
Source: Domain End of Year Wrap - 2024
This article is intended for informational purposes only and does not constitute legal, tax, or financial advice. Always seek professional counsel tailored to your specific situation. Remember, all loan applications are subject to the lender’s approval and conditions, including fees and charges.
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