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The housing markets located in mining areas of regional Western
Australia are continuing to transition away from the boom conditions
which peaked back in 2012/13. After recording an extraordinary rate
of capital gain, dwelling values across the resource intensive areas of
the state have continued to rebalance.
On the other hand, lifestyle regions have broadly bucked the softening
trend, recording healthier market conditions, with prices rising and
transaction numbers also showing an increase over the past year.
Lifestyle strong, but resource
areas weaker in regional WA
Median prices across regional WA
Regional WA best performers
Rank
Suburb
1
DUNSBOROUGH
$535,000
31 16.7%
2
MARGARET RIVER
$320,000
43 8.8%
3
WEST BUSSELTON
$365,000
36 4.6%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price
Affordable
= suburbs below 25th percentile
Mid range
= suburbs between 25th and 75th percentile
Prestige
= suburbs above 75th percentile
Rank
Suburb
1
WAGIN
$195,000
34 41.8%
2
FURNISSDALE
$477,500
20 38.4%
3
BOYANUP
$445,000
17 33.0%
4
PELICAN POINT
$637,500
21 26.2%
5
PEMBERTON
$333,000
19 20.7%
* Based on postcode median house sale prices for 12 months to end September 2015.
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