Perth housing market: The cheapest suburbs to buy a house as prices soar across WA
As the housing market booms across WA, there’s nothing like a bargain.
Thankfully, while Perth’s median house price sits at a whopping $527,000, there are still areas savvy house hunters can get on the property ladder.
Some suburbs even have a median house price of less than $300,000, providing buyers are willing to venture beyond the immediate vicinity of the CBD.
Here are the Perth suburbs with the lowest median house prices for the 2021-22 financial year.
Armadale has cemented its status as a bargain-hunter’s paradise, as the cheapest suburb to buy a house in Perth.
Residents face a 37km trek down the Kwinana Freeway from the Perth CBD but they also get to enjoy a median house price of just $289,000.
Last financial year, 378 people bought homes in the suburb, mainly first homebuyers and investors.
Another southern suburb, Medina is one of two areas in Perth where buyers can still snag a home for an average price of less than $300,000.
Last financial year, 91 properties in the suburb were sold for a median of $290,000.
The suburb is about 38km from the Perth city and the Real Estate Insistute of WA insists it’s an “excellent first homebuyer choice” because of its proximity to bigger suburbs such as Kwinana.
Despite the region’s affordable price tag, house values increase 10.8 per cent last financial year.
Another suburb in Perth’s south, Camillo was the third-cheapest suburb in Perth last financial year with a median house price of $301,000.
About 37km, the suburb is described by REIWA as “a family-friendly suburb with great access to schools and public transport”.
Last financial year, 111 people bought in the area.
On the fringe of national parks and state forests, Brookdale is 26km south-east of the city, where house prices sit at an average of just $315,000.
Last year, 54 houses sold in the suburb, up from 40 the previous year and house prices have increased an average of $47,000 in the past year.
And it could be a good spot for savvy investors, with REIWA tipping more price growth for the area.
House prices have increased by a huge 12.5 per cent in Parmelia in the past 12 months but it still remains one of Perth’s cheapest places to buy.
The median house price is $315,000 in Parmelia and it seems there’s no shortage of West Aussies wanting to move there.
Last financial year 163 homes sold in the suburb, which is 34km from the CBD.
Sandwiched between Medina, Bertram and Parmelia, Orelia sits in a pocket of Perth’s cheapest suburbs.
The median house price hit $316,00 last year — 10.9 per cent higher than the previous year.
A whopping 121 houses sold in Orelia last financial year — the equivalent of one house every three days.
Not only popular with tourists, it seems Perth’s staycation hot spot is also as popular with buyers.
The coast and canals, about 95km south of Perth,, proved popular with buyers last financial year, with 230 homes sold.
But despite its popularity, house prices are still relatively affordable, hitting an average of $319,500.
Another suburb in the City of Kwinana, Calista has seen a massive increase in house prices for the last financial year.< /p>
But, despite house prices growing by 17.8 per cent, it still only costs an average of $324,000 to buy a home in the suburb.
It’s a long way for city dwellers at 43km from the CBD but that didn’t stop 48 people from buying homes in the region last financial year.
Of Perth’s top 10 cheapest suburbs, Hillman recorded the biggest increase in its median house price last financial year, seeing a huge 24.7 per cent increase.
A home in Hillman, in the City of Rockingham, cost an average of $330,500 but just 38 people bought homes there last financial year.
It’s probably why REIWA has referred to the suburb as “Rockingham’s best-kept secret”.
Rounding out the top 10, Coodanup has an average house price of $333,000.
In the city of Mandurah, the suburb is dubbed a “smaller, more relaxed” area than the city, which attracted 129 buyers last financial year.