Perth land values take another hit

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Perth land costs are among the many most cost-effective within the nation after recording a 2.three per cent drop within the September quarter.

City Improvement Institute of Australia figures launched on Monday revealed Perth land costs have been down three.9 per cent for the 12 months making town cheaper than Melbourne, Sydney and Brisbane and on par with Adelaide.

Land values across Perth are down.

Land values throughout Perth are down.Credit score:Erin Jonasson

The typical worth of recent residential land in Perth for the September quarter was $225,600 with essentially the most reasonably priced land in Perth’s southern suburbs.

The Metropolis of Rockingham has the bottom common worth of all of the metro council areas at $171,000 with the neighbouring inland Shire of Serpentine Jarrahdale coming in subsequent at $190,000. Serpentine Jarrahdale skilled the bigged land worth drop over the quarter at eight per cent.

UDIA WA chief govt Allison Hailes stated the southern suburbs supplied a lovely way of life choice for younger households, with wonderful connectivity supplied by the present rail line and freeway.

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