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  • Perth’s bargain buys – the 10 most affordable suburbs

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    Perth’s bargain buys – the top 10 most affordable suburbs - reiwa.comWith housing affordability an issue for many Western Australians and increasingly on the national agenda, entering the Perth property market can seem a daunting prospect.

    If you’re looking to buy and want to know which Perth suburbs are the most affordable, you may want to look south, with reiwa.com data showing that Perth's 10 most affordable suburbs for the year to June 2015 are all situated south of the river.

    The 10 suburbs on the list are consistently the most affordable suburbs in Perth, having all featured on the same list for the year to June 2014 as well.

    While the median house price for the Perth metro area sits at around $530,000, the below list demonstrates that there are still many suburbs in Perth with a median house price that is well below the overall median. It's also worth paying attention to the lower quartile as the median only represents the middle point in the market, which means that half of all sales are below this figure.

    1. Medina - $289,000

    Medina was the most affordable suburb in Perth for a second year in a row, with a median house price of $289,000 for the year to June 2015, while its lower quartile price sits at $258,750.
                Lower quartile Median house price Upper quartile Highest sale price
    $258,750 $289,000 $318,125 $375,000
    View properties for sale in Medina.


    2. Calista, Camillo and Hillman - $320,000

    Calista, Camillo and Hillman came in at joint second place for the most affordable suburbs in Perth. All three suburbs had a median house price of $320,000, with their lower quartile prices hovering between $287,000 and $300,000.

    Calista

                Lower quartile Median house price Upper quartile Highest sale price
    $287,750 $320,000 $349,000 $613,000
    View properties for sale in Calista.

    Camillo

                Lower quartile Median house price Upper quartile Highest sale price
    $290,000 $320,000 $353,000 $462,000
    View properties for sale in Camillo.

    Hillman

                Lower quartile Median house price Upper quartile Highest sale price
    $300,000 $320,000 $340,625 $400,000
    View properties for sale in Hillman.


    3. Armadale and Parmelia - $325,000

    Armadale and Parmelia are Perth’s third most affordable suburbs, with Armadale’s median house price sitting at $325,000, while Parmelia’s median house price is a fraction higher at $325,250. Interestingly, the highest sale in Armadale for the year to June 2015 was well above the median house price at $850,000, while Parmelia’s was only $445,000.

    Armadale

                Lower quartile Median house price Upper quartile Highest sale price
    $295,000 $325,000 $359,250 $850,000
    View properties for sale in Armadale.

    Parmelia

                Lower quartile Median house price Upper quartile Highest sale price
    $301,375 $325,250 $355,000 $445,000
    View properties for sale in Parmelia.


    4. Brookdale - $330,000

    Brookdale makes the list at fourth, with a median house price of $330,000, which is $200,000 below Perth’s overall median house price, while it’s lower quartile house price sits at $297,500.
                Lower quartile Median house price Upper quartile Highest sale price
    $297,500 $330,000 $357,500 $401,000
    View properties for sale in Brookdale.


    5. Orelia, Cooloongup and Leda - $340,000

    Filling in the final three spots for Perth’s 10 most affordable suburbs are Orelia, Cooloongup and Leda. The three suburbs, which are close in proximity as well as in affordability, all have a median house price of $340,000, while their lower quartile prices range between $300,000 and $318,500.

    Orelia

                Lower quartile Median house price Upper quartile Highest sale price
    $300,000 $340,000 $409,000 $535,000
    View properties for sale in Orelia.

    Cooloongup

                Lower quartile Median house price Upper quartile Highest sale price
    $311,000 $340,000 $379,000 $549,000
    View properties for sale in Cooloongup.

    Leda

                Lower quartile Median house price Upper quartile Highest sale price
    $318,500 $340,000 $390,000 $480,000
    View properties for sale in Leda.


    For more information about your area, visit our suburb profiles.

    *All price data is for the year to June 2015