With annual growth in median house price of more than 20 per cent, Rossmoyne has finished the year as Perth’s best performing suburb.
Pulse Property Group director Di Addenbrooke said Rossmoyne’s proximity to the city, airport and Fremantle — as well as the lure of one of the State’s most sought-after school catchments — meant demand had remained consistently strong throughout the year.
“The riverside lifestyle and abundance of green space are a real attraction for families,” Di said. “There’s still plenty of big blocks on offer and the underground power, public transport access and variety of cafes, shops and sporting amenities make the suburb one of Perth’s most attractive.”
Pulse Property Group sold more than 30 Rossmoyne properties during 2019 amid a strong year for private and local government development.
The reputation and consistent academic results of Rossmoyne Senior High School ensures demand for property in the catchment is guaranteed as families vie for entry to one of the few State schools to achieve Top 10 ATAR status every year.
A range of good value Rossmoyne properties are now on the market, with some still sitting under the $1.15 million median. Others with river views and development opportunity are also available.
Di and her team at Pulse Property Group have predicted a strong start to 2020.
She said consistent demand, population growth and tight listings would be the key drivers of a more stable market moving forward.
Pulse believes Rossmoyne will continue to perform, but other nearby suburbs such as Shelley and Riverton, with lower medians of $915,000 and $640,000 respectively, would also do well. Nearby Brentwood, with a median of only $615,000, would also continue to represent exceptional value.
Di said Ardross’ median remained under $1 million and, along with Booragoon ($900,000 median), would offer good opportunities for homeowners and investors next year.
To get in touch with Pulse Property Group call 0406 005 755 or 9259 6999 or email sales@pulsepropertygroup.com.au.
