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Amenity is king for top suburbs

Buyers are seeking out top amenities when it comes to securing a slice of the Perth property market, according to recent data from realestate.com.au.

Calculated on property views per listing and aggregated across the amount of listed properties in each suburb between January and November 2018, Shenton Park topped the list for the most in-demand suburbs in Western Australia, finishing at 4147 views.

Hot on Shenton Park’s tail, Floreat finished with 3965 property views per listing, followed by Subiaco (2978), Nedlands (2900) and Mount Hawthorn (2892).

The data also revealed South Perth to be the most searched suburb in WA from January to November 2018.

Speaking to West Real Estate, Harcourts Applecross Licensee and Sales Director Eric Hartanto said he wasn’t surprised South Perth had finished first, as it hosted an eclectic melting pot of attractions and residential offerings.

“The cafes, restaurants, parks, schools, accessibility and the picturesque South Perth Foreshore are just some of the main attractions of living in South Perth,” he said.

According to reiwa.com.au, more than 12,000 residents call the suburb home.

Mr Hartanto said he had noticed more buyers in the area were looking for well-designed properties, as well as ones which were practical and easily maintained.

“It’s kind of a mixed demographic of buyers in South Perth,” he said.

“We come across downsizers who love to live in the area, as well as families and young professionals.

“I predict the popularity of South Perth will continue further into 2019.”

A common thread in the realestate.com.au data revealed many coastal suburbs, including Scarborough (ranked second), Fremantle (third), Mandurah (fourth) and Cottesloe (sixth) had made the most searched suburbs list.

REA Group Chief Economist Nerida Conisbee attributed this to the quality of Perth’s coastal suburbs.

“Perth has great beaches and suburbs that are close to the beach,” she said.

“Many of the top beachside suburbs also have great amenities – good schools, public transport and retail. These are other factors that tend to drive a suburb’s popularity.”

Ms Conisbee said more buyers were looking to buy in suburbs with great ‘walkability’.

“Whereas previous generations were prepared to sacrifice being able to walk to the shops for a big home on a big block, younger buyers are showing greater preference to be able to walk to work or to their local cafe,” she said.

“Right now it appears Perth is in the early stages of a recovery. This is leading people to look in some of the most expensive, best-located suburbs in Perth – perhaps with the view that now is as good as it’s going to get in terms of pricing.

“Once the Perth recovery begins, we are likely to start seeing more people looking to more affordable suburbs as they are priced out of more expensive locations.”

Australia-wide, the most searched suburbs were Victoria’s Richmond, Berwick and Sunbury, followed by New South Wales’ Port Macquarie, Victoria’s South Yarra and Pakenham, Queensland’s Surfers Paradise, New South Wales’ Kellyville and Victoria’s Point Cook and Brighton.

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