An unfashionable pocket of south-east Perth has emerged as the epicentre of the most booming affordable suburbs in the nation. Kelmscott, Armadale, Wungong, Brookdale, Camillo and Champion Lakes are the unlikely property hotspots, recording the largest price growth in all of Australia. Research from Ray White shows Kelmscott leading the way, with property prices growing 34.
2 per cent over the past year, taking the median value to $392,559 — an increase of more than $127,000. The previous top dog, Armadale, is in second place alongside neighbouring Wungong and Brookdale, with 32.4 per cent growth over the past year, taking the local median price to $376,802.
Camillo and Champion Lakes came in third in WA — and nationally — with 31.7 per cent growth over the past year, taking the median to $397,979. Adelaide’s three fastest-growing affordable suburbs were next on the list with growth of about 25 per cent, followed by Brisbane, up about 20 per cent.
Sydney’s top three affordable suburbs had about 9 per cent price growth, followed by Melbourne’s most affordable trio, which inched up only about 3 per cent. The Ray White research differs from the REIWA Index, which says Kelmscott has enjoyed 37.5 per cent growth.
Jocelyn Bennett, who bought in Kelmscott with her fiance Foysal Ahmed in July, said the area had exceeded their expectations. The pair, who have lived across Australia and overseas, initially wanted to buy in the inner city to be close to amenities. But with th.
