Applecross house owners have made an astonishing $630,000 on their homes in the past year as gravity-defying hikes continue in some suburbs, while others sustain double-digit drops.

New data shows Perth’s property market is on a rollercoaster journey, with suburb values rising and falling by extreme amounts across the metropolitan area.

Patchy prices are a regular feature in a late boom cycle, as some suburbs continue rising and others start contracting after overshooting fair value.

Houses in the riverside suburb of Applecross have seen the biggest dollar value jump, up 29.3 per cent over the last financial year, from $2.15 million to the current median of $2.78 million.

West Leederville house owners enjoyed the second biggest profit, with close to half a million dollars added to valu

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