"It is cheaper to buy than rent in 112 Perth suburbs. Did your suburb make the top 10 list of Perth suburbs where it is cheaper to buy than rent?"
It is cheaper to buy than rent in 112 Perth suburbs, with Brentwood, Medina and Parmelia offering buyers the best value when comparing the costs of buying to renting.
REIWA President Damian Collins said Western Australia was one of the most
affordable places in the country to buy property in.
“It is more affordable to pay the costs associated with servicing a home loan than pay the weekly rent in 112 Perth suburbs, which should give tenants encouragement that home ownership
is within reach,” Mr Collins said.
Suburb | Median house sale price | Estimated weekly cost of mortgage* | Median weekly house rent price |
---|---|---|---|
1. Brentwood | $655,000 | $573 | $950 |
2. Medina | $260,000 | $227 | $350 |
3. Parmelia | $280,000 | $245 | $365 |
4. Bullsbrook | $365,000 | $319 | $470 |
5. Orelia | $275,000 | $241 | $350 |
6. Armadale | $255,000 | $223 | $320 |
7. Camillo | $270,000 | $236 | $330 |
8. Leda | $290,000 | $254 | $350 |
9. Lockridge | $286,500 | $251 | $340 |
10. Brookdale | $295,000 | $258 | $350 |
Thinking about buying your first home? Find out what you need to know with our WA first home buyer guide.
Look west and start your search today.