Perth’s 10 Most Expensive Suburbs To Buy A Property

Perth’s 10 Most Expensive Suburbs To Buy A Property Manish Khanna
Manish Khanna
Thursday 08 Aug 2019

There is something special about the capital of Western Australia, which attracts settlers and travellers in huge numbers. The beautiful landscape has the best of everything that a metropolis can offer, such as stunning beaches, scrumptious food, burgeoning commercial centres, and modern entertainment zones.

Extending a salubrious climate with vast clear skies, Perth is away from the pollution and noise of urban cities like Sydney and Melbourne. Its family-friendly suburbs have become the centre of attraction for high-net-worth individuals who want to dwell in its opulent and extravagant homes. With astounding waterfront views and tranquil environment, these abodes are an embodiment of peace, lavishness and relaxation.

Naturally, people looking for luxury property for sale in Australia are heading to Perth to find an idyllic set-up that comes with the charm of high-quality living. If you too are looking for a million-dollar property, then take a look at our list of Perth’s most expensive suburbs to find your dream home.

 1.  Dalkeith

Being surrounded by the Swan River on three sides makes this suburb a highly sought-after destination among the home buyers. Its proximity to the Perth CBD further adds to its attractive lifestyle and expanse of amenities. The suburb is often considered to be the most expensive area around Perth due to the prominence enjoyed by Jutland Parade, which is the most luxurious part of Dalkeith.

The street is home to many ostentatious dwellings and is also known for being the residence of Alan Bond, whose yacht won the 1983 America’s Cup. Other well-recognised streets in Dalkeith include Hobbs Avenue and Waratah Avenue, both of which house various affluent properties. The median house sale price for Dalkeith stood at $2.29 million during 2018-19, and its lush green surroundings make it a leading choice among investors.

 2.  Cottesloe

Living close to the beach is a dream cherished by most people and Cottesloe helps in making it a reality with its gorgeous coastline. The suburb is not too far away from Fremantle and Perth City which makes it ideal for families looking for a mix of both city life and calm suburban existence.

It boasts of being the hometown of Prime Minister John Curtin, whose house is still standing tall on Jarrad Street. In 2009, the Cottesloe beach was ranked as the second-best beach for families in the world by Lonely Planet. The median house price in Cottesloe soared to $2.187 million in 2018-19, making it a desirable place to live for the rich and the famous.

3.  Nedlands

This western suburb of Perth is generally referred to as a posh area which has various high profile houses along with a golf course, a happening commercial precinct, and umpteen restaurants. With its median house price reaching $1.55 million, it is in high demand among the wealthy people.

Its other major attractions include a yacht club and high-quality medical facilities in Western Australia. The suburb is also inhabited by many students who get low-cost housing in the University of Western Australia. 

 4. City Beach  

With waterfront properties becoming all the rage in the country, both local and international investors are making a beeline for them. Naturally, City Beach is topping the popularity charts with its median house price touching $1.72 million in 2018-19.

The beachside suburb has a long list of modern and ultra-luxurious homes that do justice to the beauty of its surroundings. It offers amenities like a football/cricket oval, several parks and walking trails for adventure seekers.

 5.  Swanbourne

The resting place of the elite, Swanbourne is dotted with federation style homes which are undergoing renovation in the current times. Various new housing projects have taken shape in the suburb whose median house price rose to $1.42 million in 2018-19.

The perfect location of the suburb has made it a preferred choice among house buyers as it is flanked by the Stirling Highway, Fremantle Railway Line and the Indian Ocean.

 6. Claremont

The suburb is quite famous for the Claremont Showground, Claremont Oval, Claremont Quarter Shopping Centre and St Quentins Avenue precinct. It enjoys an effervescent nightlife due to the presence of various clubs and hotels.

It also boasts of many private schools. Brimming with amenities, Claremont witnessed a median house price of $1.538 million in 2018-19 which puts it on the top suburbs list of Perth.          

 7.  Floreat

One of the prosperous suburbs of Perth, Floreat is a beautiful area which is loaded with facilities like the popular Floreat Forum shopping centre and is quite close to the commercial precinct of Wembley.

It is known for its sporting conveniences such as the Western Australian Athletics Stadium which has a world-class track and the Floreat Oval. Its median house price peaked to $1.341 million in 2018-19 and has many schools and colleges within its vicinity which lure many families.

 8. Applecross

No one can seem to get enough of this mesmerising riverside suburb of Perth which is surrounded by the luscious Swan River and Canning Highway. Famed for its blossoming jacaranda trees, Applecross provides potential homebuyers with striking views and exquisite homes that exude magnificence.

With its median house price rising to $1.525 million in 2018-19, it has been capturing the attention of many moneyed investors.     

 9.  Subiaco

An inner-western suburb of Perth, Subiaco has been inching its way up in the list of the most expensive suburbs of the city. Its median house price went up to $1.325 million last year as the area continued to woo buyers with its heritage properties and entertainment zones.

Rokeby Road and Hay Street are some of its most visited streets, and the vibrant cultural festivities are a major attraction.

 10.  Churchlands

While some love this suburb for its premier educational institutions and sporting facilities, others are drawn to its high-end lifestyle. Located just 8-km away from the Perth CBD, it has a variety of high-class homes and mansions.

The beauty of the environs and the quality of life combine to offer a gratifying experience to the locals and visitors. With its median house price of 1.328 million, it has become a prominent place for wealthy buyers.

 Conclusion

While the housing market is undergoing a slump, the million-dollar properties have managed to hold their ground. The ultra-rich have not been affected by the credit limitations and are happy to purchase luxury properties for sale in Australia positioned in lavish suburbs to enjoy the best quality of life.