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- Camera Icon Mandurah enjoyed a 19.6 per cent price surge in the year to May but is still one of the cheapest suburbs to buy in Perth. Credit: Tourism WA / Tourism WA - Source: Internet
- Remote living isn’t for everyone. For people still looking to stay close to their nearest capital city, buying a property in one of the locations above may not be realistic. Your Mortgage conducted market research to determine which suburbs within 10 kilometres from each capital city have the cheapest median house prices for people looking for inner-city living. - Source: Internet
- Perth’s price growth increases at a very slow and steady pace – slower than other cities. Although investors may not be too happy about this specific detail, it is something that home buyers can rejoice about. But there’s still good news for investors. Perth overtaking Darwin as the cheapest city in the country is not a result of Perth’s house prices dropping. The reason is mainly due to the slower growth. - Source: Internet
- Orelia has a median price of $300,000, making it one of the cheapest suburbs to buy in Perth. The lower quartile is $270,000, but some properties sell up to $350,000. Orelia saw a 1.2% decrease in price growth over the last five years. However, in 2021, the suburb bounced back, resulting in a 24% price increase in the real estate market. - Source: Internet
- Greenfields is a family-friendly area and offers the quintessential residential lifestyle. Many estates here are surrounded by trees and parks. If you’re thinking about buying, Greenfields has a median property price of $312,500. It has seen a growth of over 15% over the past year. - Source: Internet
- Westminster is probably the cheapest inner-city suburb of Perth, with a median price of $404,000. This area is over $1 million less than Arncliffe, which is Sydney’s equivalent of the mentioned suburb. This is one reason why Perth offers the most affordable housing in the country. - Source: Internet
- Hopefully all goes well, and you don’t have a problem buying WA property. You can also refer to our trusted agents at LJ Hooker Settlements. For any further questions, get in touch with your local LJ Hooker real estate agent! - Source: Internet
- Perth’s second cheapest suburb to buy a house is Medina. Its median house price has increased 30 per cent since the same time last year, taking the figure to $260,000. During the 12 months to May, there were 59 houses sold, suggesting buyer activity in the suburb is healthy. Medina is a well-established suburb, 37kms south of the CBD and is well-served from its neighbouring suburbs like Kwinana. Medina is a family friendly suburb making it an excellent first home buyer suburb. - Source: Internet
- Lockridge offers affordable pricing for homes with the median price set at $330,000. The lowest-priced sale is recorded to be around $294,000 in the last 12 months. Aside from the cheap cost of housing in the area, Lockridge is one of the fastest-growing suburbs of Perth when it comes to real estate prices. It has seen a 26.9% increase in 2021. - Source: Internet
- Armadale is Perth’s cheapest suburb to buy a house once again, with a median sale price of $255,000 in the 12 months to May — a 25.6 per cent increase. There were 188 houses sold over the period in Armadale. Located 25kms south east of Perth CBD, Armadale presents excellent opportunity for first home buyers and investors alike, with plenty of housing stock available and close proximity to a wide range of features and amenities. - Source: Internet
- Greenfields’ median house sale price of $290,000 represents a bargain. The sale of 203 houses over the 12 months to May has driven up the median price 18.1 per cent compared to the same time last year. Featuring three primary schools and two high schools as well as attractive estates and parkland, Greenfields is a great pick for families. - Source: Internet
- Orelia’s median house sale price may have increased 14.6 per cent in the past year, but it remains one of Perth’s cheapest suburbs to buy making it an attractive proposition for first home buyers and investors. The median price in May was just $275,000. Orelia, located 38kms south of Perth within the city of Kwinana, is a relatively popular suburb amongst buyers, with 64 houses sold in the 12 months to May. - Source: Internet
- There are a few main ways to buy WA property, and at first it can be difficult to discern which will work best for your strategy. This is where the assistance of your LJ Hooker real estate agent can prove invaluable. As an overview, you will likely buy in one of three ways: - Source: Internet
- Rounding out the top 10 cheapest Perth suburbs is Brookdale, whose median house sale price increased a healthy 20.4 per cent when compared to the same time last year, taking the figure to $295,000. Located 26kms south east of Perth, Brookdale is a relaxed suburb with a landscape defined by nature reserves and parks. In the 12 months to May, there were 37 houses sold in Brookdale. - Source: Internet
- Rounding out the top five cheapest suburbs in Perth for the year to May is Parmelia with a median house sale price of $280,000. Parmelia’s median house sale price increased 16.7 per cent over the year. During the 12 months to May, 93 houses were sold suggesting there is an appetite from buyers. Parmelia is a self-sufficient suburb, close to the thriving Kwinana hub, 34 kms south of Perth CBD. - Source: Internet
- A flat, level block is the easiest to build on. Blocks in estates tend to be flat, straight forward with little work to do as the developer has done the work for you. In established suburbs and acreage you might find a slope or fall running the length or width of the lot. It might not look like much, but still worth getting a surveyor, Designer or Construction person to take a quick look as it’s usually bigger than you think and will affect the site work costs of your home, retaining walls and your overall landscaping and driveway scheme which could be a deal breaker pending what you prefer. - Source: Internet
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