Wembley Market Report
23/24 FINANCIAL YEAR
Market Update
Over the past 12 months, Wembley has demonstrated robust growth and resilience, making it a prime location for both prospective homeowers and investors.
Following is a brief overview highlighting the key factors driving demand and shaping the future of real estate in our vibrant suburb.
Over the past 12 months, the housing market in Wembley has experienced notable growth of 11.8%*. The median house price in Wembley is currently $1,573,500 compared to the Perth median of $821,000* reflecting the suburb’s desirability and enduring demand.
The market has seen strong performance, with houses selling relatively quickly, spending an average of just 7 days on the market, compared to the Perth average of 11 days*. This indicates a continued competitive market as Wembley continues to be a highly sought after location for both buyers and investors looking for stable returns and potential capital appreciation.
Of interest is the low availability of properties currently on the market, creating competition and driving up prices. If you are considering selling, now is an excellent time.
As always, I would be pleased to provide you with any advice in relation to your real estate decisions.
Dean Bradley 0411 110 779
dean.bradley@raywhite.com
142 Holland Street, Wembley
$4.2M
$1.6M WEMBLEY MEDIAN HOUSE SALE PRICE*
$900 WEMBLEY MEDIAN RENTAL VALUE*
2022/2023
$1.45M WEMBLEY
MEDIAN HOUSE
SALE PRICE 22/23 FY*
$1.55M WEMBLEY
AVERAGE HOUSE SALE PRICE 22/23 FY*
90 WEMBLEY HOUSES SOLD 22/23 FY*
2023/2024
$1.6M WEMBLEY
MEDIAN HOUSE
SALE PRICE (+10%)
22/23 FY*
$1.83M WEMBLEY
AVERAGE HOUSE
SALE PRICE (+15%) 22/23 FY*
78 WEMBLEY HOUSES SOLD (-9%) 22/23 FY*
