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Growth Profits: Exploring the North and South Suburbs of Perth

CEO Khai Intela
Introduction When it comes to property price growth in Perth, the southern suburbs are taking the lead, with Shelley emerging as the standout performer. New data from REIWA reveals that Shelley has experienced an astounding...

Introduction

When it comes to property price growth in Perth, the southern suburbs are taking the lead, with Shelley emerging as the standout performer. New data from REIWA reveals that Shelley has experienced an astounding 29.7% increase in median house price, reaching $1,145,000. In comparison, northern rival Bullsbrook saw a respectable 23% growth, reaching $492,000 in the year leading up to September. This article will delve into the reasons behind these trends and shed light on the unique appeal of these suburbs.

A Tale of Two Regions

While individual southern suburbs have recorded even higher price climbs, the average median house prices in the northern and southern regions are quite similar. The northern suburbs boast an average of $559,800, slightly edging out their southern counterparts at $559,300. Both regions are experiencing high demand, with homes being snatched up in just 7.8 days on average in the south and nine days in the north. Despite the shorter time on the market in the south, the northern suburbs have seen a higher volume of sales, with 581 houses changing hands compared to the south's 481.

Shelley: An Unassuming Riverside Jewel

Leading the pack is the suburb of Shelley, located approximately 17km away from Perth city. With 44 house sales and a record-breaking median house price growth, Shelley has firmly established itself as a sought-after destination. Pulse Property Group director, Zac Addenbrooke, attributes Shelley's success to its idyllic riverside lifestyle and inclusion in Rossmoyne Senior High School's catchment area. Privacy and tranquility are cherished here, as Shelley is surrounded only by its neighboring suburb, Rossmoyne, and is shielded from excessive traffic. These factors, coupled with a scarcity of properties, have led to fierce buyer competition and exceptional results for sellers.

Bullsbrook: From Forgotten Suburb to City Haven

In tandem with Shelley's 44 house sales, the once overlooked suburb of Bullsbrook is experiencing a renaissance. Located 40km from Perth CBD, Bullsbrook offers the perfect blend of country charm and city convenience. The recent Stock Road connection to Tonkin Highway has significantly improved accessibility, making it an appealing choice for homebuyers. Nestled in the foothills and adjacent to Swan Valley, Bullsbrook offers diverse housing options, from character-filled Royal Australia Air Force cottages to modern homes in Kingsford Estate. The COVID-19 pandemic has fueled the demand for lifestyle properties, ranging from small hobby farms to expansive acreage along the Chittering Valley tourist route.

Picturesque Living and Endless Possibilities

Bullsbrook's allure lies in its promise of a serene country lifestyle. Families seeking refuge from city life are drawn to the wide-open spaces, self-sufficiency, and tranquility that Bullsbrook provides. With fresh produce, sprawling paddocks, and starlit skies as the backdrop, residents can relish in a peaceful country life. As the suburb continues to expand, projects like the Yarrimbah Heights estate offer five-acre land parcels, while Kingsford remains a hot spot for smaller lots. The possibilities for growth and a fulfilling lifestyle are boundless in Bullsbrook.

Conclusion

The property markets in Perth's northern and southern suburbs are thriving, with Shelley's remarkable growth taking center stage. Its riverside charm and proximity to esteemed education institutions have propelled it to new heights. Bullsbrook, once an overlooked suburb, is now a sought-after haven with its unique blend of country living and urban accessibility. Whether you're seeking an exclusive riverside lifestyle or the tranquility of wide-open spaces, these suburbs offer something special for everyone.

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