Momentum Wealth is fortunate enough to be celebrating 10 years of business in 2016 and we’re taking this opportunity to look back on the Perth property market to see how it’s changed.
New suburbs in the last 10 years
There’s been an incredible amount of change and growth in Perth over the last decade and it can be easy to forget just how far our city has come since 2006. Suburbs that are staples of today’s landscape were only just starting to be developed 10 years ago and these incredible aerial shots show how amazing that change is.
Most of these suburbs follow the extension of Perth’s urban sprawl down the main corridors, correlating with the freeway. North Coogee is the most central location on the list as an underutilised vacant port area. Now it’s the most expensive suburb on the list and features a large amount of apartments where other suburbs remain mainly single residential dwellings.
Properties in 2006
0
completely unused land
Properties in 2016
3861 (urban)
Properties in 2006
302
rural properties
Properties in 2016
1180 (urban)
Properties in 2006
91
land parcels
Properties in 2016
4589 (urban)
Properties in 2006
0
completely unused
Properties in 2016
2053 (urban)
Properties in 2006
41
rural properties
Properties in 2016
1694 (urban)
Properties in 2006
491
rural properties
Properties in 2016
5082 (urban)
Properties in 2006
52
land parcels
Properties in 2016
2298 (urban)
Properties in 2006
961
older properties & market gardens
Properties in 2016
2267 (urban)
Properties in 2006
9
Major land holdings
Properties in 2016
1839 (urban)
Properties in 2006
18
rural properties
Properties in 2016
4164 (urban)
Momentum Wealth is backed by 10 years of research driven investment strategy, tailored to our client’s property needs. If you would like to learn more about how we can help you on your property journey, you can request a consultation or subscribe to our newsletter.
