The 20 Perth suburbs with the biggest increase in median sale price over the last 20 years

Willetton, Medina and Pinjarra top the list of Perth suburbs that have seen the biggest percentage increase in median house sale price over the last 20 years.

REIWA President Damian Collins said the overall Perth market had seen house prices grow 209 per cent during the last two decades.

“The median house sale price in Perth has grown from $170,000 to $525,000 since 2001, which is modest growth in comparison to other major cities like Sydney and Melbourne that have seen much steeper price increases.

“Perth is still the most affordable capital city for housing of any state in the country, but there are numerous suburbs that have grown significantly and far exceeded Perth’s overall 20-year price growth trajectory,” Mr Collins said.

Of the 20 suburbs on the list, 17 have recorded 300 per cent or more growth to their median house sale price in the last two decades.

“If you’re buying a property with the goal of strong price growth, then location is a crucial factor as the value of a property is inherently tied to where the land is situated,” Mr Collins said.

“Other factors can impact the trajectory of a suburb’s median price growth, like whether there are a lot of renovated properties or new builds in the area, but the bulk of the value will always be tied up in the land.”

Willetton tops the list for price growth
reiwa.com data shows Willetton recorded the biggest 20-year increase, with its median house sale price jumping from $180,000 in 2001 to $820,000 in 2021 – an increase of 356 per cent.

“Willetton is a popular suburb for families. It has two of the state’s best public high schools in the area which has created a lot of demand and contributed to the strong price growth experienced in the suburb over the last 20 years,” Mr Collins said.