Friday, February 26, 2010

Recovering housing market

Between the Censuses of 1996-2006 the number of occupied private dwellings in Western Australia (including Albany) grew 20%. Western Australia's housing stock is predominantly separate houses, accounting for 81% of all occupied private dwellings in 2006. While Perth mirrors this tendency with 79% of occupied private dwellings being separate houses, the proportion of separate houses in regional Western Australia was higher at 86%. Medium to high density housing accounted for 18% of Western Australia's occupied private dwellings in 2006, but this was heavily influenced by Perth, with regional Western Australia having only 11% of their occupied private dwelling stock as medium to high density.

By September 2009, housing prices in Albany had recovered to within 1% of pre-Global Meltdown figures, at $355 000- still about 5% cheaper than Perth prices. http://www.homepriceguide.com.au/snapshot/price/index.cfm?action=view&suburbORpostcode=6330&st_locale=Albany&source=smh_map

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