Denmark property leads the way
Denmark’s real estate market has been the best performing of any regional town in Western Australia over the past 12 months.
Data released by the Real Estate Institute of Western Australia shows that the median house price in the last year to quarter rose by 9.4 per cent in Denmark.
South West towns were among the best performing in the State, with Manjimup second on the list with 8.3 per cent growth, while Capel, Bridgetown and Donnybrook rounded out the top five.
Joss Harman of Country Property Brokers said he was not surprised to hear that Denmark and other southern towns performed well.
“The region has a much milder climate, people are more conscious of climate change, the weather’s kinder,” he said. “People complain about how hot Perth is, too hot to live in.”
While Denmark and other towns in the region have enjoyed growth over the past 12 months, it is a stark contrast to the rest of regional WA, where the market is suffering from negative 5.4 per cent growth.
“Denmark isn’t as dependent on the job market as a lot of towns are, we have quite a few retirees down here,” he said.
“We are seeing a lot of turnover in the lower end of the market, homes at or below $400,000.
“Buyers are looking to get views, water views, and homes that are low-maintenance, with proximity to the beach.”
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