City of South PerthEconomic profile
Skip to content

City of South Perth

Housing valuation

At June 2017, City of South Perth had a median house valuation of $905,314, $426,071 higher than the median house valuation for Western Australia.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
City of South Perth20172013Change
Housing value (at June)City of South PerthWestern AustraliaCity of South Perth relative to Western AustraliaCity of South PerthWestern AustraliaCity of South Perth relative to Western Australia2013 to 2017
House--------------
First Quartile$784,683$369,359+112.4%$765,348$380,886+100.9%+$19,335
Median$905,314$479,243+88.9%$882,175$496,421+77.7%+$23,139
Third Quartile$1,134,438$645,726+75.7%$1,112,459$667,328+66.7%+$21,979
Unit--------------
First Quartile$432,548$286,991+50.7%$457,444$313,575+45.9%-$24,896
Median$527,095$367,211+43.5%$548,497$392,444+39.8%-$21,402
Third Quartile$669,017$460,909+45.2%$663,911$504,487+31.6%+$5,106

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Western Australia: $460,909 Median, Western Australia: $367,211 First Quartile, Western Australia: $286,991 Third Quartile, Western Australia: $645,726 Median, Western Australia: $479,243 First Quartile, Western Australia: $369,359 Third Quartile, City of South Perth: $669,017 Median, City of South Perth: $527,095 First Quartile, City of South Perth: $432,548 Third Quartile, City of South Perth: $1,134,438 Median, City of South Perth: $905,314 First Quartile, City of South Perth: $784,683
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Western Australia: $-43,578 Median, Western Australia: $-25,233 First Quartile, Western Australia: $-26,584 Third Quartile, Western Australia: $-21,602 Median, Western Australia: $-17,178 First Quartile, Western Australia: $-11,527 Third Quartile, City of South Perth: $5,106 Median, City of South Perth: $-21,402 First Quartile, City of South Perth: $-24,896 Third Quartile, City of South Perth: $21,979 Median, City of South Perth: $23,139 First Quartile, City of South Perth: $19,335
Source: Hometrack 2011-2016, Housing Valuation System

To continue building your economic story go to...

v18.09.24-1.0.0