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It’s possible.","headline":"The cheapest homes sold in Perth’s most expensive suburbs","image":{"@type":"ImageObject","height":450,"url":"https://static.ffx.io/images/$zoom_0.5519%2C$multiply_0.7554%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0/t_crop_custom/q_86%2Cf_auto/0d00c2d0ac0a221473a6dbc0da0e2a355ff867f9","width":800},"keywords":"","mainEntityOfPage":{"@id":"https://www.watoday.com.au/property/news/the-cheapest-homes-sold-in-perth-s-most-expensive-suburbs-20250213-p5lbss.html","@type":"WebPage"},"publisher":{"@type":"Organization","logo":{"@type":"ImageObject","height":"628","url":"https://www.watoday.com.au/watoday.png","width":"1200"},"name":"WAtoday"},"isAccessibleForFree":false,"hasPart":{"@type":"WebPageElement","isAccessibleForFree":false,"cssSelector":".paywall"},"isPartOf":{"@type":["CreativeWork","Product"],"name":"WAtoday","productID":"watoday.com.au:webonly"}}</script><title data-rh="true">WA property: The cheapest homes sold in Perth’s most expensive 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href="/topic/property-prices-60x">Property prices</a></li></ul><script type="application/ld+json">{"@context":"http://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://www.watoday.com.au/property","name":"Property"}},{"@type":"ListItem","position":2,"item":{"@id":"https://www.watoday.com.au/property/news","name":"News"}},{"@type":"ListItem","position":3,"item":{"@id":"https://www.watoday.com.au/topic/property-prices-60x","name":"Property prices"}}]}</script></div><h1 data-testid="headline" itemProp="headline">The cheapest homes sold in Perth’s most expensive suburbs</h1></div></div></header><section class="x5U69"><div class="eyqx4 up6zR"><div class="YjR-r"><h5 class="ey7KU"><span class="WAXFI">By </span><span><span data-testid="byline"><a href="/by/sarah-brookes-p535wh" title="Articles by Sarah Brookes">Sarah Brookes</a></span></span></h5><div class=""> <span class="_6rKYd"><time class="xt6gv" data-testid="datetime" dateTime="2025-02-18T02:00:00+08:00">February 18, 2025 — 2.00am</time></span></div></div></div><div class="Xzt9c noPrint"><div class="dDuGY"><div class="wMz9s"><button aria-checked="false" aria-describedby="saveTooltip" aria-label="Save article to read later" class="lYnY4" role="switch" type="button"><svg aria-hidden="true" class="kTpHl IIE5G" focusable="false" height="1em" width="1em"><use xlink:href="#icon-save"></use></svg><span class="_1UKiw">Save</span></button><div aria-hidden="true" class="GvnJU gD20Q" id="saveTooltip" role="tooltip"><button>Log in</button>, <a data-testid="login-register" href="https://watoday.myfairfax.com.au/channel/cWvEleexy48f-PI5-jlBnw/members/signups/new?callback_uri=">register</a> or <a href="https://subscribe.watoday.com.au/?promote_channel=HI_HL_GNL">subscribe</a> to save articles for later.</div><div><div aria-hidden="true" class="GvnJU VNUKJ _1pSgb" id="onboardingTooltip" role="tooltip"><h3>Save articles for later</h3><p>Add articles to your saved 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data-testid="article-body-top"><aside class="KxH15"><div class="rwQwy"><header><h2>Property listings</h2></header><div id="dg-recommended-listings"></div></div><div class="FCOQC _2ylTh"><div class="container"><div class="adWrapper IMjKL noPrint" data-testid="ad"><small class="CtZLl">Advertisement</small><div class="" id="adspot-160x600_300x250_300x600-pos2-desktop"></div></div></div></div></aside><div class="wsquJ" data-testid="article-body"><div><div class="TqQ8t"><div class="PMdfl" id="beyondwords-player"></div><div class="_--xHC" data-testid="showPlayerOverlay"></div></div><div class="Hy4HP z5wPE" data-testid="body-content"><p>Trophy home sales in Perth’s most exclusive western suburbs neighbourhoods significantly increased during 2024 due to the continued strength and confidence in the booming Perth property market.</p><p>And prices are tipped to continue to rise this year, with dozens of suburbs predicted to join Perth’s million-dollar set.</p><figure class="_72JXS _0SAJQ mSNnk Wnq-J" data-testid="image"><div aria-label="enlarge image" class="-IWVI" role="button" tabindex="0"><picture class=""><source media="(min-width: 1024px)" srcSet="https://static.ffx.io/images/$zoom_1.049%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_2/t_crop_custom/q_86%2Cf_auto/1dadc75614b6dc38d1fa3e87b9ea014964d687c3, https://static.ffx.io/images/$zoom_1.049%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_2/t_crop_custom/q_62%2Cf_auto/1dadc75614b6dc38d1fa3e87b9ea014964d687c3 2x" height="494" width="740"/><source media="(min-width: 768px)" srcSet="https://static.ffx.io/images/$zoom_1.049%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_2/t_crop_custom/q_86%2Cf_auto/1dadc75614b6dc38d1fa3e87b9ea014964d687c3, https://static.ffx.io/images/$zoom_1.049%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_2/t_crop_custom/q_62%2Cf_auto/1dadc75614b6dc38d1fa3e87b9ea014964d687c3 2x" height="512" width="768"/><img alt="This house along Albion Street was the cheapest sale in Cottesloe last year." src="https://static.ffx.io/images/$zoom_1.049%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_2/t_crop_custom/q_86%2Cf_auto/1dadc75614b6dc38d1fa3e87b9ea014964d687c3" height="390" width="584" srcSet="https://static.ffx.io/images/$zoom_1.049%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_2/t_crop_custom/q_86%2Cf_auto/1dadc75614b6dc38d1fa3e87b9ea014964d687c3, https://static.ffx.io/images/$zoom_1.049%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_2/t_crop_custom/q_62%2Cf_auto/1dadc75614b6dc38d1fa3e87b9ea014964d687c3 2x"/></picture></div><figcaption class="qTXWa"><p><span class="_5nQzY">This house along Albion Street was the cheapest sale in Cottesloe last year.</span><cite class="Zo2UY"><span class="ALMCC">Credit: </span>Domain</cite></p></figcaption></figure><p>In 2024, select properties sold for a fraction of the suburb’s median house price, according to Domain data, amid higher-for-longer interest rates, affordability constraints and hefty construction costs.</p><p>We take a look at the cheapest sales in the state’s most expensive suburbs.</p></div><div class="GJua6"></div><div class="Hy4HP z5wPE" data-testid="body-content"><h3><strong>Cottesloe </strong></h3><p>The median house price in Perth’s most expensive suburb sits at $3.4 million which is unaffordable for many. But this three bedroom, one bathroom home on<a href="https://www.domain.com.au/property-profile/37-albion-street-cottesloe-wa-6011"><strong> 3</strong>7 Albion Street</a> sold for $1.27 million in August. The 80s property on a 408 square metre block last sold in 1993 for $160,000.</p><h3><strong>Dalkeith </strong><strong> </strong></h3><figure class="_72JXS _0SAJQ mSNnk Wnq-J" data-testid="image"><div aria-label="enlarge image" class="-IWVI" role="button" tabindex="0"><picture class=""><source media="(min-width: 1024px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_28%2C$y_44/t_crop_custom/q_86%2Cf_auto/f5fbc0ce40afd0b8c8b29e873ff93e8152636996, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_28%2C$y_44/t_crop_custom/q_62%2Cf_auto/f5fbc0ce40afd0b8c8b29e873ff93e8152636996 2x" height="494" width="740"/><source media="(min-width: 768px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_28%2C$y_44/t_crop_custom/q_86%2Cf_auto/f5fbc0ce40afd0b8c8b29e873ff93e8152636996, https://static.ffx.io/images/$zoom_0.981%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_28%2C$y_44/t_crop_custom/q_62%2Cf_auto/f5fbc0ce40afd0b8c8b29e873ff93e8152636996 2x" height="512" width="768"/><img alt="This home in Dalkeith was the cheapest to sell in 2024. " loading="lazy" src="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_28%2C$y_44/t_crop_custom/q_86%2Cf_auto/f5fbc0ce40afd0b8c8b29e873ff93e8152636996" height="390" width="584" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_28%2C$y_44/t_crop_custom/q_86%2Cf_auto/f5fbc0ce40afd0b8c8b29e873ff93e8152636996, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_28%2C$y_44/t_crop_custom/q_62%2Cf_auto/f5fbc0ce40afd0b8c8b29e873ff93e8152636996 2x"/></picture></div><figcaption class="qTXWa"><p><span class="_5nQzY">This home in Dalkeith was the cheapest to sell in 2024. </span><cite class="Zo2UY"><span class="ALMCC">Credit: </span>Domain</cite></p></figcaption></figure><p>Dalkeith is regarded as the crown jewel of the city’s “golden triangle”, carrying a hefty median house price of $3.39 million.</p></div></div></div></section><div class="PFPZd"><div class="container"><div class="adWrapper IMjKL noPrint" data-testid="ad"><small class="CtZLl">Advertisement</small><div class="" id="adspot-728x90_970x250-pos99-desktop"></div></div></div></div><section class="KylbS" data-testid="article-body-bottom"><div class="wsquJ"><div><div class="Hy4HP z5wPE" data-testid="body-content"><p>Bounded on three sides by the Swan River, it is home to many of Perth’s most notable and wealthy residents, ranging from mining tycoons to A-list celebrities – those who happily reside in some of the city’s most impressive mansions, lapping up the luxury that befits its prestigious postcode.</p><p>However, a three-bedroom, two-bathroom duplex built after World War II along <a href="https://www.domain.com.au/4-genesta-crescent-dalkeith-wa-6009-2019778375">Genesta Crescent</a> sold for $1.7 million in July last year.</p><p>The home is described as a “character gem” with scope for a value lift and modernisation with a few simple renovation tweaks.</p><h3><strong>City Beach</strong></h3><figure class="_72JXS _0SAJQ mSNnk Wnq-J" data-testid="image"><div aria-label="enlarge image" class="-IWVI" role="button" tabindex="0"><picture class=""><source media="(min-width: 1024px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/a50cac4eec630c535601bcee7c70c43316ce797c, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_62%2Cf_auto/a50cac4eec630c535601bcee7c70c43316ce797c 2x" height="494" width="740"/><source media="(min-width: 768px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/a50cac4eec630c535601bcee7c70c43316ce797c, https://static.ffx.io/images/$zoom_0.981%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_62%2Cf_auto/a50cac4eec630c535601bcee7c70c43316ce797c 2x" height="512" width="768"/><img alt="This was the cheapest sale in City Beach last year." loading="lazy" src="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/a50cac4eec630c535601bcee7c70c43316ce797c" height="390" width="584" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/a50cac4eec630c535601bcee7c70c43316ce797c, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_62%2Cf_auto/a50cac4eec630c535601bcee7c70c43316ce797c 2x"/></picture></div><figcaption class="qTXWa"><p><span class="_5nQzY">This was the cheapest sale in City Beach last year.</span><cite class="Zo2UY"><span class="ALMCC">Credit: </span>Domain</cite></p></figcaption></figure></div><div class="GJua6"></div><div class="Hy4HP z5wPE" data-testid="body-content"><p>With a median house price of $2.9 million, this affluent suburb along the coast is renowned for commanding top dollar for residential real estate.</p><p>A five-bedroom, three-bathroom mansion designed to look like a slice of cheese – with a rind-like white exterior and buttery timber details inside – sold through private treaty in December for $6.4 million.</p><p>But that wasn’t the most expensive sale. That went to 28 Challenger Parade which sold for a hefty figure of $11.1 million in March 2024.</p><p>On the other end of the scale, this home along <a href="https://www.domain.com.au/property-profile/2-1-kilpa-court-city-beach-wa-6015">Kilpa Court </a>sold for $1.1 million just before Christmas. Quite the jump from when it sold in 2020 for a mere $690,000, after originally being listed for $750,000.</p><p>The three-bedroom, two-bathroom property was built in 1988 and sits on 408 square metres.</p></div><div class="GJua6"></div><div class="Hy4HP z5wPE" data-testid="body-content"><h3><strong>Swanbourne </strong></h3><p>This coastal suburb is smaller and quieter than its well-heeled neighbour Cottesloe and is home to one of Perth’s two nudist beaches.</p><p>While you can expect to pay around $2.37 million for a home in this postcode, this semi-detached house along <a href="https://www.domain.com.au/property-profile/4a-saladin-street-swanbourne-wa-6010">Saladin Street sold for $1.18 million</a> in March 2024.</p><p>The house, which sits on 717 square metres, was built in 1964 and features two bedrooms, one bathroom, and one parking space. It was asking $800 a week in rent in August.</p><p>It was advertised as a surprisingly “bigger than it looks” home, perfect for first time buyers, couples or small families wanting to get a foothold into the popular suburb.</p></div><div class="GJua6"></div><div class="Hy4HP z5wPE" data-testid="body-content"><h3><strong>Nedlands</strong></h3><figure class="_72JXS _0SAJQ mSNnk Wnq-J" data-testid="image"><div aria-label="enlarge image" class="-IWVI" role="button" tabindex="0"><picture class=""><source media="(min-width: 1024px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_44/t_crop_custom/q_86%2Cf_auto/e94dfda49cfa801b0eac2bf6cf8e5c10d82a0b57, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_44/t_crop_custom/q_62%2Cf_auto/e94dfda49cfa801b0eac2bf6cf8e5c10d82a0b57 2x" height="494" width="740"/><source media="(min-width: 768px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_44/t_crop_custom/q_86%2Cf_auto/e94dfda49cfa801b0eac2bf6cf8e5c10d82a0b57, https://static.ffx.io/images/$zoom_0.981%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_44/t_crop_custom/q_62%2Cf_auto/e94dfda49cfa801b0eac2bf6cf8e5c10d82a0b57 2x" height="512" width="768"/><img alt="Nedlands’ cheapest home sale in 2024." loading="lazy" src="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_44/t_crop_custom/q_86%2Cf_auto/e94dfda49cfa801b0eac2bf6cf8e5c10d82a0b57" height="390" width="584" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_44/t_crop_custom/q_86%2Cf_auto/e94dfda49cfa801b0eac2bf6cf8e5c10d82a0b57, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_44/t_crop_custom/q_62%2Cf_auto/e94dfda49cfa801b0eac2bf6cf8e5c10d82a0b57 2x"/></picture></div><figcaption class="qTXWa"><p><span class="_5nQzY">Nedlands’ cheapest home sale in 2024.</span><cite class="Zo2UY"><span class="ALMCC">Credit: </span>Domain</cite></p></figcaption></figure><p>With a median price of $2.3 million in Nedlands, someone nabbed a bargain with their $840,000 purchase of this home along <a href="https://www.domain.com.au/property-profile/128a-stirling-highway-nedlands-wa-6009">Stirling Highway</a>.</p><p>The 1950s-built two-bedroom, one-bathroom home has changed hands frequently, selling nine times in the past.</p><h3><strong>Floreat</strong></h3></div><div class="GJua6"></div><div class="Hy4HP z5wPE" data-testid="body-content"><figure class="_72JXS _0SAJQ mSNnk Wnq-J" data-testid="image"><div aria-label="enlarge image" class="-IWVI" role="button" tabindex="0"><picture class=""><source media="(min-width: 1024px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/aa4daed1d18c44bda5dbf3796b0b26a8fa2acc2c, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_62%2Cf_auto/aa4daed1d18c44bda5dbf3796b0b26a8fa2acc2c 2x" height="494" width="740"/><source media="(min-width: 768px)" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/aa4daed1d18c44bda5dbf3796b0b26a8fa2acc2c, https://static.ffx.io/images/$zoom_0.981%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_62%2Cf_auto/aa4daed1d18c44bda5dbf3796b0b26a8fa2acc2c 2x" height="512" width="768"/><img alt="Floreat’s cheapest home sale last year." loading="lazy" src="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/aa4daed1d18c44bda5dbf3796b0b26a8fa2acc2c" height="390" width="584" srcSet="https://static.ffx.io/images/$zoom_0.981%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_86%2Cf_auto/aa4daed1d18c44bda5dbf3796b0b26a8fa2acc2c, https://static.ffx.io/images/$zoom_0.981%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_14%2C$y_41/t_crop_custom/q_62%2Cf_auto/aa4daed1d18c44bda5dbf3796b0b26a8fa2acc2c 2x"/></picture></div><figcaption class="qTXWa"><p><span class="_5nQzY">Floreat’s cheapest home sale last year.</span><cite class="Zo2UY"><span class="ALMCC">Credit: </span>Domain</cite></p></figcaption></figure><p>Known for its tree-lined streets, lush green parks, and strong sense of community, trying to buy a home for less $1 million in Floreat can seem like mission impossible.</p><p>The median house price in the lush western suburb hovers at $1.8 million. But this home on <a href="https://www.domain.com.au/property-profile/5-turriff-road-floreat-wa-6014">Turriff Road</a> sold for $950,000 in July.</p><p>Situated on a large 1000-square-metre block, it was advertised as an opportunity to live in a private estate on valuable land.</p><p>REIWA chief executive Cath Hart while property prices were tipped to continue to grow at a slower pace this year, more price growth was expected for the luxury market, but likely at a lower rate than the broader market.</p></div><div class="GJua6"></div><div class="Hy4HP z5wPE" data-testid="body-content"><p>“Demand will remain strong for affordable suburbs like Armadale and Brabham, and they are likely to grow at a higher rate than Greater Perth,” she said.</p><p>“However, the FOMO seen in 2024 has eased, and further growth is likely to be more moderate.”</p><p>Hart pointed to comments from the Reserve Bank board predicting it could take one to two years for changes to interest rates to affect the economy.</p><p><b><i>Start the day with a summary of the day’s most important and interesting stories, analysis and insights. <a href="https://www.watoday.com.au/link/follow-20170101-p57ogt">Sign up for our Morning Edition newsletter</a>.</i></b></p></div></div><div class="noPrint"><div></div><div></div></div><div class="wuhVx"><div class="_6KG-J" id="dg-membership"></div></div><div id="embedded-feedback"></div><div class="WzQM5 i2lpJ"><section class="frYZg noPrint" id="endOfArticle"><div class="KW19t"><div class="wMz9s"><button aria-checked="false" aria-describedby="saveTooltip" aria-label="Save article to read later" class="lYnY4" role="switch" type="button"><svg aria-hidden="true" class="kTpHl IIE5G" focusable="false" height="1em" width="1em"><use xlink:href="#icon-save"></use></svg><span class="_1UKiw">Save</span></button><div aria-hidden="true" class="GvnJU gD20Q" id="saveTooltip" role="tooltip"><button>Log in</button>, <a data-testid="login-register" 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home for less than $1 million in Perth\\u2019s most expensive suburbs? It\\u2019s possible.\",\"allowComments\":true,\"body\":\"<p>Trophy home sales in Perth\\u2019s most exclusive western suburbs neighbourhoods significantly increased during 2024 due to the continued strength and confidence in the booming Perth property market.</p><p>And prices are tipped to continue to rise this year, with dozens of suburbs predicted to join Perth\\u2019s million-dollar set.</p><x-placeholder id=\\\"3ca9bc5c1fdb4a95c20946c712cf98d1af771704\\\"></x-placeholder><p>In 2024, select properties sold for a fraction of the suburb\\u2019s median house price, according to Domain data, amid higher-for-longer interest rates, affordability constraints and hefty construction costs.</p><p>We take a look at the cheapest sales in the state\\u2019s most expensive suburbs.</p><h3><strong>Cottesloe </strong></h3><p>The median house price in Perth\\u2019s most expensive suburb sits at $3.4 million which is unaffordable for many. But this three bedroom, one bathroom home on<x-placeholder id=\\\"19b73e68a6fbb4829411f6683680d4ce6a85275b\\\"></x-placeholder> sold for $1.27 million in August. The 80s property on a 408 square metre block last sold in 1993 for $160,000.</p><h3><strong>Dalkeith </strong><strong> </strong></h3><x-placeholder id=\\\"01e5fc1e3875d00be7878d9d2966661cce144395\\\"></x-placeholder><p>Dalkeith is regarded as the crown jewel of the city\\u2019s \\u201Cgolden triangle\\u201D, carrying a hefty median house price of $3.39 million.</p><p>Bounded on three sides by the Swan River, it is home to many of Perth\\u2019s most notable and wealthy residents, ranging from mining tycoons to A-list celebrities \\u2013 those who happily reside in some of the city\\u2019s most impressive mansions, lapping up the luxury that befits its prestigious postcode.</p><p>However, a three-bedroom, two-bathroom duplex built after World War II along <x-placeholder id=\\\"e0ae3aaa048f576ffda9d72201cdca15ccf73146\\\"></x-placeholder> sold for $1.7 million in July last year.</p><p>The home is described as a \\u201Ccharacter gem\\u201D with scope for a value lift and modernisation with a few simple renovation tweaks.</p><h3><strong>City Beach</strong></h3><x-placeholder id=\\\"22568238b7caa2404b362c4d8d0082ac9cafb66a\\\"></x-placeholder><p>With a median house price of $2.9 million, this affluent suburb along the coast is renowned for commanding top dollar for residential real estate.</p><p>A five-bedroom, three-bathroom mansion designed to look like a slice of cheese \\u2013 with a rind-like white exterior and buttery timber details inside \\u2013 sold through private treaty in December for $6.4 million.</p><p>But that wasn\\u2019t the most expensive sale. That went to 28 Challenger Parade which sold for a hefty figure of $11.1 million in March 2024.</p><p>On the other end of the scale, this home along <x-placeholder id=\\\"1702695a5b87d7bcdbe08d513b2fa0b024a64a4d\\\"></x-placeholder>sold for $1.1 million just before Christmas. Quite the jump from when it sold in 2020 for a mere $690,000, after originally being listed for $750,000.</p><p>The three-bedroom, two-bathroom property was built in 1988 and sits on 408 square metres.</p><h3><strong>Swanbourne </strong></h3><p>This coastal suburb is smaller and quieter than its well-heeled neighbour Cottesloe and is home to one of Perth\\u2019s two nudist beaches.</p><p>While you can expect to pay around $2.37 million for a home in this postcode, this semi-detached house along <x-placeholder id=\\\"e8fe10bdd2ec861e9a34e89ba553dfd2d3063470\\\"></x-placeholder> in March 2024.</p><p>The house, which sits on 717 square metres, was built in 1964 and features two bedrooms, one bathroom, and one parking space. It was asking $800 a week in rent in August.</p><p>It was advertised as a surprisingly \\u201Cbigger than it looks\\u201D home, perfect for first time buyers, couples or small families wanting to get a foothold into the popular suburb.</p><h3><strong>Nedlands</strong></h3><x-placeholder id=\\\"33c362eb7f2ff6ca24b5dd2e5d41614029b3d8ec\\\"></x-placeholder><p>With a median price of $2.3 million in Nedlands, someone nabbed a bargain with their $840,000 purchase of this home along <x-placeholder id=\\\"01ea4aa91ebb9ebfe59212efe366ca0dc22f6dec\\\"></x-placeholder>.</p><p>The 1950s-built two-bedroom, one-bathroom home has changed hands frequently, selling nine times in the past.</p><h3><strong>Floreat</strong></h3><x-placeholder id=\\\"9b4253b3c45a6962e5dc8096eac65d5b23a15ece\\\"></x-placeholder><p>Known for its tree-lined streets, lush green parks, and strong sense of community, trying to buy a home for less $1 million in Floreat can seem like mission impossible.</p><p>The median house price in the lush western suburb hovers at $1.8 million. But this home on <x-placeholder id=\\\"e651ac674571fa00e7b5bf1b417cb9df4ff6e84b\\\"></x-placeholder> sold for $950,000 in July.</p><p>Situated on a large 1000-square-metre block, it was advertised as an opportunity to live in a private estate on valuable land.</p><p>REIWA chief executive Cath Hart while property prices were tipped to continue to grow at a slower pace this year, more price growth was expected for the luxury market, but likely at a lower rate than the broader market.</p><p>\\u201CDemand will remain strong for affordable suburbs like Armadale and Brabham, and they are likely to grow at a higher rate than Greater Perth,\\u201D she said.</p><p>\\u201CHowever, the FOMO seen in 2024 has eased, and further growth is likely to be more moderate.\\u201D</p><p>Hart pointed to comments from the Reserve Bank board predicting it could take one to two years for changes to interest rates to affect the economy.</p><p><b><i>Start the day with a summary of the day\\u2019s most important 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