• Perth’s 10 bargain suburbs under $375,000 less than 30km from the CBD

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    A view of Perth CBD from the Swan River. You can see the building reflections in the river's glass off.

    Camillo, Gosnells and Middle Swan are the most affordable suburbs to buy a house in less than 30 kilometres from the Perth CBD.

    REIWA President Damian Collins said even though Perth had recorded strong price growth over the last 12 months, our city is still very affordable.

    “We are very fortunate here in Perth that there are still plenty of affordable properties within 30 kilometres of the CBD,” Mr Collins said.

    “In Sydney or Melbourne, most people are priced out from living close to the CBD, however these 10 suburbs show just how achievable it is to own a home within 30 kilometres of Perth’s city centre.

    According to the Real Estate Institute of Australia’s (REIA) latest Real Estate Market Facts, Perth has the most affordable median house sale price of any capital city in the country at $525,000.

    “Sydney by comparison has a median house price of $1.6 million, which is three times more expensive than the Perth median house sale price,” Mr Collins said.

    All 10 suburbs on this list have median house sale prices below $375,000, with nine of the 10 suburbs having a median price of $350,000 or below.

    “Some of the suburbs on this list, like Lockridge, Balga and Koondoola, are less than 15 kilometres from the Perth CBD. You would need to outlay more than a $1 million to buy a house in Sydney this close to its city centre,” Mr Collins said.

    “Perth is in a very enviable position compared to its eastern state counterparts. Our strong economy, resilient property market and affordable house prices has kept the Australian dream of home ownership alive and well in WA,” Mr Collins said. 

    Top 10 cheapest suburbs for houses less than 30km from the CBD

    Suburb Median house sale price Distance to Perth CBD (km)
    1. Camillo $299,000 26.0km
    2. Gosnells $333,000 20.5km
    3. Middle Swan $335,000 19.2km
    4. Lockridge $337,500 13.6km
    5. Midland $342,000 17.4km
    6. Kelmscott $343,500 25.0km
    7. Balga $350,000 13.3km
    8. Maddington $350,000 17.7km
    9. Stratton $350,000 27.7km
    10. Koondoola $364,000 14.4km
    *Data is filtered for suburbs with 28 or more house transactions during the 12 months to March 2022.

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