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Fresh data has shown the areas in Western Australia that have witnessed an increase in median sale price for the last quarter.
Data from the Real Estate Institute of Western Australia (REIWA) has found that over the September 2020 quarter, several regional centres recorded an increase.
Karratha saw the biggest boost, with the September quarter median sale price increasing by 8.1 per cent to $465,000.
“Geraldton experienced the second highest growth in median price for the quarter with an increase of 3.4 per cent to $275,000, Kalgoorlie Boulder by 3.3 per cent to $285,000, Port Hedland by 2.2 per cent to $230,000, and Bunbury which remained stable at $350,000,” REIWA president Damian Collins added.
Further, the REIWA data also indicated an increase in sales activity for the quarter.
The Kalgoorlie Boulder was touted as the standout in this regard. It recorded a 115 per cent increase in sales activity for the quarter and 57 per cent compared with the year prior.
“Karratha also saw a 61 per cent increase in sales activity. The significant increase we are seeing in some of the mining regional centres is partly due to the commitments mining companies have made to keep workers in WA since COVID-19 restrictions were introduced,” Mr Collins said.
ABOUT THE AUTHOR
Emma Ryan
Emma Ryan is the deputy head of editorial at Momentum Media.
Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.
Email Emma on: Emma.Ryan@momentummedia.
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