Real estate: Perth’s most affordable suburbs to buy a home
Looking to get on the ladder?
If you’re hoping to get on the housing ladder, you don’t have to break the bank to find the perfect place to call home in Perth.
There are plenty of areas that are both accessible and affordable – and you don’t have to sacrifice amenities for a lower mortgage.
Here’s REIWA’s list of the 10 cheapest suburbs to buy in Perth.
Perth’s cheapest suburb is Armadale. You can snatch up a house in Armadale for a median house price of $200,000, which is 11.9 per cent less than if you were buying during the same time last year.
During the 12 months to April, 140 houses sold in Armadale, proving to be a popular choice among buyers.
Armadale is a well-established suburb with large growth potential and offers first home buyers and investors plenty of affordable housing stock to choose from. Armadale is located approximately 25 kilometres from Perth City.
The second cheapest suburb in Perth for houses is Camillo. Located 23 kilometres south of Perth, Camillo is an excellent option for first home buyers, being a family friendly suburb with great access to schools and public transport.
During the 12 months to April 2020, Camillo’s median house price declined 5.3 per cent to $216,000 making it a good time to buy your first home in the suburb or purchase an investment property. 47 houses also sold during that time.
Next on the list is Parmelia, with a median house price of $237,500 for the year to April 2020. Parmelia is a self-sufficient suburb, close to the thriving Kwinana hub. Parmelia experienced a one per cent decline to its median house price when compared to the same time last year.
During the 12 months to April 2020, 79 houses sold in Parmelia. Parmelia is situated 34 kilometres from Perth City and is a good option for young families looking to buy their first home with plenty of parks, schools and access to public transport.
The fourth most affordable Perth suburb by median house price is Mandurah.
For the 12 months to April 2020, Mandurah’s median house price experienced a four per cent decline, taking the figure to $240,000. Known as the heart of the Peel region, Mandurah has evolved into a thriving city and a popular tourist destination.
The coastal suburb appeals to buyers looking for a first class ‘sea change’ suburb with property development potential. During the 12 months to April, there were 83 sales in Mandurah.
Another affordable option for buyers is Orelia, with a median house price of $240,000 – an eight per cent decline when compared to the same time last year.
Orelia is located 38 kilometres south of Perth within the city of Kwinana and features all the amenities residents need. During the 12 months to April 2020, 51 houses sold in Orelia.
Another southern suburb of Perth, Coodanup’s median house price remained stable during the 12 months to April 2020, coming in at $242,500.
During that time, 46 houses sold in Coodanup, proving to be a relatively common option for buyers looking for affordability. Coodanup is located within the city of Mandurah, meaning residents can enjoy the bustling lifestyle of Mandurah while living in a smaller more relaxed suburb.
Greenfields is a relatively popular choice for young families, with 124 sales in the year to April 2020. Featuring three primary schools and two high schools as well as attractive estates and parkland, Greenfields is a common pick for first home buyers or investors.
It’s affordable median house price of $247,000 represents a 10.2 per cent decreased when compared to the same time last year. So, now’s the time to snatch up a bargain if it’s on your agenda.
Stratton experienced an 11.3 per cent decline to its median house price in the year to April 2020, making it Perth’s eight most affordable suburb for houses with a median house price of $255,000.
During that time, 26 houses sold in Stratton. Stratton is located within the City of Swan, so is a viable option if you are looking for affordability and lifestyle.
Cooloongup is a neighbouring suburb of Rockingham, meaning locals get to enjoy all of Rockingham’s amenities and features while also living in a self-sufficient suburb.
For the 12 months to April 2020, Cooloongup’s median house price comes in at $256,500. Coolongup’s median price increased 2.6 per cent when compared to the same time last year, so if you’re looking to buy in Cooloongup, hurry before prices increase further.
During the 12 months to April, 78 houses sold.
Rounding out Perth’s most affordable suburbs for houses is Leda, with a median house price of $260,000 – a two per cent increase on the same time last year.
During the 12 months to April 2020, 37 houses sold in Leda, which makes up one of the five suburbs within the City of Kwinana.