The fourth-largest suburb price increase in Australia is happening in Perth’s own backyard. Our beautiful North Coogee, just four kilometres from Fremantle, has recorded the biggest growth in median house values across the Perth metropolitan area (fourth biggest for the nation). This median has jumped 52% over the last year, bringing this beachside suburb’s house price average to $1.15 million.

Previously a hidden gem and widely undervalued, now North Coogee is experiencing a boom in attention and becoming a must-live coastal suburb. Despite the huge price increase, as far as Perth’s coastal suburbs go, it’s still more affordable than similar suburbs north of Fremantle. North Coogee is unlikely to attract young couples and first-home buyers, but the suburb is enjoying an increase in established families and working professionals on their third or fourth home, and retirees.

The suburb presents idyllic living located close to multiple beaches and Fremantle — Perth’s coastal social hub and historic treasure.

An update on the general Perth housing market

Perth remains Australia’s strongest housing market. According to the latest Domain House Price report the final quarter of 2022 saw median house prices continuing to rise throughout Perth for a record high of $658,270.

This is despite unit prices falling in Perth, with units in Claremont, Como and Mount Lawley taking the biggest hit. On the plus side, this drop makes unit housing more affordable in central areas, something Perth hasn’t seen in some time. It also means people previously looking to buy a standalone house are becoming more open to the unit lifestyle.