Perth real estate: Land prices now highest median per square metre in Australian capital cities

  • A RISE in land prices and a reduction in lot sizes could lead to new types of houses in Perth.

    Perth’s land prices have leapt ahead in the past 12 months, with new figures out this week revealing a 10.7 per cent increase.

    The city now has the highest median price a square metre for land out of all the Australian capital cities, at $733.

    According to figures from CoreLogic RP Data, Perth’s median land price is now $299,000. But what you get for your money has shrunk, with the average block size now only 428sqm.

READ MORE VIA PERTHNOW

Kylie

Kylie Jovanovic, who just purchased a 220sq m block of land at LandCorp’s Shoreline development near Cockburn.

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