A home within the humble northern suburb of Balcatta is the most recent Perth property to hit the large time.
The residence on Donnington Rd bought for an eye-watering $2.2 million, obliterating the earlier report sale for the suburb.
The earlier report for Balcatta — as soon as greatest identified for its market gardens and its considerably much less picturesque industrial zone — stood at $1.4 million, which was secured for a five-bedroom residence on Canning St a yr in the past.
The new report is about 4 occasions the median worth within the suburb, located about 10km from the town, and is on par with the quantity paid for houses in additional upmarket areas reminiscent of Subiaco and Mt Lawley.
And the brand new record-setter affords rather more bang for its buck in comparison with its inner-city rivals.
The 792sqm block features a 12m pool in addition to a 281sqm storage, which is larger than the typical single-storey residence and is ready to home 12 autos. It additionally features a hoist for final automotive fanatic.
The Agency’s Paul Tonich, who bought the home, mentioned Balcatta had lengthy been underestimated.
“Balcatta has never had the profile that it should have,” Mr Tonich mentioned. “That is because there is not an abundance of stock, with property being a long-term hold for most people.
“They want to stay near their brothers and sisters and aunties and uncles and parents. People who live here don’t see the need to upgrade to another suburb.”
Mr Tonich added the record-setting residence would value greater than $2 million to construct lately.
Balcatta costs elevated 13.6 per cent over the previous yr.
Source: www.perthnow.com.au
