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Lakelands and Doubleview to Per...

Lakelands and Doubleview to Perth's house prices

The coastal suburbs of Lakelands and Doubleview have been identified as the two strongest performers in the Perth property market. 

This is according to the findings of the latest quarterly house price report covering the city, which was carried out by the Domain Group. 

Although the two suburbs are very different in character, they are both a few minutes' drive to the beach. 

Doubleview is a leafy suburb situated just 11km north-east of the city centre - and it was first developed in 1910. It got its name because of the coastal views it offers to the west and the views over Darling Scarp to the east. 

Prices in the district increased by nine per cent to $725,000 in six months, although the median has dropped 1.4 per cent for the year. 

Lakelands is a sprawling new development to the north of Mandurah and further away from the city - 65km south of the Perth central business district. 

It has good access to the freeway and the Perth-Mandurah train line and is the only suburb to register a median price increase this quarter. Prices in Lakelands increased by 10.1 per cent in six months to $415,000, an increase of 3.8 per cent year-on-year. 

While the eastern state capitals are hitting record high in terms of their property market performance, Western Australia is not producing as strong results, so the two suburbs stand out in the new Domain data. 

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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