The mining boom is over and outrageous Perth property prices seem to be a thing of the past – so it 2018 the perfect time to relocate west, or build yourself an interstate investment portfolio?
Here are some of Perth’s most affordable suburbs…
Rockingham – median unit price $202,500
Buyers in Sydney and Melbourne, turn away now! For around the price of your deposit, you could own a unit in Rockingham outright! 47 kilometres from Perth, it’s more of a satellite city than an official suburb, but bus and train services to Perth and Fremantle make it feel like part of the capital. Families love it here, with loads of awesome schools to choose from and a campus of Murdoch Uni to boot. There’s no need to make the trek into Perth for entertainment either, with two cinemas, several shops and restaurants, and an abundance of home and hardware retailers close by too.
Armadale – median unit price $213,500
Units in Armadale, 28km from Perth’s CBD, have a median price of just $213,500, making it a great option for first homebuyers and investors alike. There are a number of schools, a trade college and a TAFE campus, so it’s also popular with students and young families. Commuters can travel by train from Armadale station into the CBD for work, if they’d prefer not to make the forty-five minute journey by car.
Gosnells – median unit price $220,000
Units in Gosnells might sell for a steal, but unfortunately that’s not the only stealing going on in this area – in 2017, the suburb topped the list of the worst Perth suburbs for break-ins! However, residents say Gosnells is improving, particularly as it becomes more popular with migrants. With a median unit price of $220,000, it represents an excellent investment opportunity and has a thriving multicultural food scene.
Shoalwater – median unit price $246,000
Within the Shoalwater Islands Marine Park, this picturesque suburb has a median unit price of just $246,000. Shoalwater is 41km from the Perth CBD, and the lifestyle on offer is out of this world – gorgeous beaches, friendly neighbours and a relaxed, holiday-town feel. It’s the perfect place to escape the hustle and bustle of Perth, yet still a manageable commute, around an hour by car or train.
> Not looking to purchase in Perth’s most affordable suburbs? Why not check out the 10 most popular Perth suburbs for renters?
Medina – median house price $218,750
Around 30km south of Perth, Medina is an affordable spot to buy a unit, with a median sales price of just $218,750. The suburb is set to benefit from a multi-billion-dollar infrastructure project in the Kwinana local government area in the coming years, and is also the site of a new affordable housing project. With lots of green spaces and not far from Rockingham Mall for all your shopping needs, now is the time to buy in Medina before the area really takes off! Did we mention it’s also less than 10km from the beach?!
Armadale – median house price $245,000
Armadale also makes the list as one of Perth’s most affordable suburbs to buy a house, with a median price of $245,000. This is great news for families who would prefer a spacious garden over a pokey courtyard – even larger families should consider this suburb, where a four-bedroom home can be snapped up for a touch over $300,000.
Parmelia – median house price $265,500
Like Medina, Parmelia is in the Kwinana LGA, and has a median house price of $265,500. Named after the first ship to bring settlers to the Swan River colony, Parmelia has everything you could want in a suburb – schools, parks, a shopping centre and a fantastic recreation and aquatic centre, Kwinana Recquatic. With a $340 million revitalisation plan in the works, Parmelia will gain a new library and youth centre in the next few years, and Kwinana Marketplace shopping centre will also get a facelift.
Hillman – median house price $272,500
Situated 40km from the CBD, Hillman is a convenient location for families seeking affordable housing in Perth, with a median house price of $272,500. There are plenty of parks and some great schools, and you can be in the city within half an hour on the bus or train. Close to Murdoch University, the local TAFE and the beach, so it’s worth a look for investors too.
> Don’t forget to check out the top 25 free things to do in Perth once you move!
Photo credit: Flickr