Nedlands Market Report
2024 14 Viewway, Nedlands
APRIL
Market Update
During the pandemic, historically low interest rates played a pivotal role in driving rapid growth in Australian house prices with Perth emerging as one of the standout performers nationwide.
The scarcity of new housing supply, exacerbated by lockdowns and high construction costs, further fueled this trend. Robust economic growth in the state also contributed to the appreciation in home prices.
While there was a surge in median house prices in Nedlands between 2020 and 2023, some correction occurred as financing costs increased. However, the strong demand for generous landholdings and high quality housing, coupled with the allure of this sought after location near the CBD and good schools, swiftly led to a rebound in prices.
The current median house price for Nedlands is $2,050,000, representing a 4.4% increase over the last 12 months.
Given the prestige nature of this region, stock levels do see some fluctuation resulting in listing numbers down 12.6% on the last year while competition to secure an asset in this location has increased keeping days on market tight at just 14 days.
Due to its picturesque riverside location and abundance of desirable lifestyle amenities, Nedlands remains a sought after luxury suburb of Perth. The demand for homes in Nedlands continues to grow and I am finding my Nedlands listings are receiving significant interest levels from local, interstate, and international buyers.
Vivien Yap 0433 258 818
vivien.yap@raywhite.com
Recent Nedlands Sales
92 Archdeacon Street 5 3 2 $2,650,000 41 Boronia Avenue 5 3 8 $2,755,000 Address Beds Cars Price Baths 101 Bruce Street 3 2 2 $1,875,000 49 Clifton Street 3 1 2 $1,335,000 44 Hillway 5 3 2 $3,800,000 107 Hardy Road 4 1 2 $1,670,000 71 Clifton Street 4 2 4 $1,600,000 * Based on the information provided by the Western Australian Land Information Authority, REIWA, Domain and Realestate.com.au. The sales results included above were performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of printing, we do not warrant or guarantee the accuracy or completeness of the data. Sqm 809 1012 814 455 455 490 14A Kanimbla Road 4 1 2 $965,000 22 Kanimbla Road 3 1 2 $1,530,000 42 Kanimbla Road 3 2 4 $1,605,000 41 Langham Street 4 2 4 $2,148,000 2 Lupin Hill Grove $1,650,000 979 220 490 490 908 1 Granby Crescent 5 2 2 $2,550,000 15 Lupin Hill Grove $2,474,000 999 * 225 3 2 2 5 3 2 733
Recent Nedlands Sales
31 Meriwa Street 2 1 1 $1,490,000 6A Mountjoy Road 4 2 2 $2,080,000 Address Beds Cars Price Baths 50 Mountjoy Road 4 2 2 $2,550,000 57 Napier Street 4 2 2 $2,350,000 6 Ord Street 3 1 1 $1,825,000 12 Robinson Street 4 2 2 $2,300,000 210 Princess Road Land $1,220,000 23 Portland Street 3 2 4 $2,250,000 * Based on the information provided by the Western Australian Land Information Authority, REIWA, Domain and Realestate.com.au. The sales results included above were performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of printing, we do not warrant or guarantee the accuracy or completeness of the data. Sqm 455 506 1012 696 696 905 201 87 Stanley Street 6 4 4 $5,300,000 47 Taylor Road 5 2 2 $2,308,000 17 Thomas Street 4 2 2 $2,650,000 22 Tyrell Street 3 2 3 $2,300,000 65 Tyrell Street $3,850,000 696 1012 923 1012 809 30A Williams Road $2,000,000 * 1012 5 3 2 4 3 4 342 31 Martin Avenue 4 3 2 $2,580,000 1012 47 Melvista Avenue 3 2 2 $2,650,000 716
Vivien Yap A Reputation Built On Results 0433 258 818
Ray White Dalkeith | Claremont 3/87 Waratah Avenue, Dalkeith raywhitedalkeithclaremont.com
vivien.yap@raywhite.com