Busselton, Port Hedland and Bunbury were the only regional centres to record a median house price growth in the December 2018 quarter according to REIWA.
Regional WA’s overall median house price had performed well in the final quarter of 2018 (up 5.5% to $335,000) but each individual area will be assessed on its own merit.
Busselton, Port Headland and Bunbury saw their medians increase by 11.2%, 5% and 1.5 % during the quarter.
Kalgoorlie-Boulder was the only regional centre to record no change in median house price, with prices in the area having stabilised.
Broome and Esperance saw the biggest decline in the price during the quarter, with their medians coming in at $430,000 and $325,000 – down 8.5% and 4.4%.
The biggest increase in median house price were Karratha (up 8%), Busselton (up 5.7#) and Albany (up 3.3%).
Broome and Esperence recorded the largest falls annually. Overall sales volumes declined in regional WA in the December quarter.
With mining project in our regional areas expected to grow and develop there should be a positive impact on the region’s property markets and aid in their recovery.