Prices and listings have increased in Perth, according to the real estate board. Here are some houses that are priced below the average in the region.
Looking for affordable homes in Perth on a typical income? That's a common struggle, but fear not, there are options! Here's a rundown, plus a few tantalizing examples:
Affordable Digs in Perth: A Snapshot
- Units Galore: Units are usually more wallet-friendly than houses, especially in the heart of town. Median unit prices float around $600,000, but you'll find some hidden gems under $390,000, especially in older complexes or further from the center.
- The Outer Suburbs Shine: Neighborhoods such as Armadale, Rockingham, and Mandurah often have more budget-friendly housing options. These areas, while a bit far from the city hub, are still easily accessible via public transport.
- New Developments Rock: Some new builds in outer suburbs offer affordability with a side of modern living, featuring apartments and townhouses.
Homes to Check Out Under $390,000
Though listings can vary, here are some potential options to consider:
- Armadale Area: This diverse district provides a mix of older and newer homes. Prices for a small house or apartment may start from around $300,000.
- Mandurah: Approximately 45 minutes from Perth's city center, Mandurah offers affordable housing choices, including apartments and houses, starting from around $320,000.
- Rockingham: This coastal suburb offers a variety of budget-friendly options, with prices for a small house or apartment starting from around $350,000.
To find specific listings under $390,000, it's wise to explore property search platforms like realestate.com.au or domain.com.au, which can filter by price and location.
Additional Tips and Tricks
- New Builds Rule: New construction in the outskirts tends to offer competitive prices due to a surplus in inventory.
- Renovate, Don't Relocate: Older homes may require a bit of TLC, but they can be more affordable options.
- First-Time Buyer Benefits: If you're buying a home for the first time, you might be eligible for grants to help cover the costs.
Stay tuned to the market for current listings and trends to up your chances of scoring a sweet deal!
- Weather updates and current news on local politics can help you understand the factors affecting the Perth housing-market, ultimately influencing your investing decisions.
- Business analysts often discuss the real estate sector and the state of the housing-market, providing valuable insights for those interested in investing in properties.
- If you enjoy following sports, you might also find it beneficial to understand the economic impact of major events in Perth, as they can temporarily affect the housing-market.
- For entertainment enthusiasts, keeping up with trends in movies or music could provide an opportunity to explore diverse neighborhoods in Perth, potentially discovering hidden real estate gems.
- In the world of finance, it's crucial to stay updated on interest rates and economic indicators to make informed decisions when it comes to real estate investing and mortgages.
