WA and (including Perth) is sitting cosy as one of the most affordable places to own a home in Australia.
Enveloped in sparkling beaches, thriving communities, beautiful natural parklands, established facilities, amenities galore and a vibrant arts, sports, and entertainment scene – life in WA looks pretty good. And hey, who’s surprised?
While 2021 saw Perth’s home values increase an impressive 13.1 per cent during the calendar year*, its affordability is still undeniable.
Seriously, when you consider that Perth’s current median house price is $527,000*, Melbourne’s is $1.22 million, Brisbane’s is $760,000 and Canberra’s is $982,000 – we’re doing pretty well over here on the West coast!
With Western Australia’s borders now open and life back to (relatively) normal – the appeal for eastern states’ investors has no doubt also grown.
Sweetening the deal for investors/people looking to build a home with a new home builder, experts across the board are predicting the continued rise in the value of Perth house prices. REIWA predicted an increase of 10 per cent in house prices this year, making now a great time to become a homeowner.
But which Perth suburbs are generating the most buzz and the most attractive rates of growth?
There’s a certain buzz about Wellard that we absolutely love! Located within the City of Kwinana, Wellard grew 4.0% in median house sale price in 2021. Home to Peet’s The Village at Wellard master-planned community, an abundance of new homes is popping up all over the suburb. Nestled amongst plenty of landscaped parks, playgrounds and family-friendly walking trails – we’re not surprised the suburb is experiencing some serious growth.
Grew a whopping 7.7% for a median house sale price of $452,500 in 2021.
Dotted in many parks and heaps of recreational facilities, the south-eastern Perth suburb is located within the City of Canning and offers a comfortable suburban lifestyle for anyone looking to call the suburb home.
Growing 6.9% with a median house sale price of $540,000 in 2021, Mount Helena sits on the outskirts of Perth – approximately 35km from the Perth CBD. The suburb hosts a stunning rural backdrop, thanks to its leafy parks and reserves that are dotted throughout.
Growing 6.2% to a median house sale price of $430,000 in 2021 – Alkimos is enveloped in beautiful beaches, enviable coastlines and endless parks and recreational spaces. Its relaxed setting sets the scene for picture-perfect views at every turn.
Recording rapid growth in recent years, $427,750 is the current median house price in Baldivis – making it one of the most affordable places to live in Perth. Its town centre has evolved significantly – hosting heaps of medical facilities, cosy cafes, and the popular Baldivis Nature Reserve.
Experiencing 9.8% annual growth and with a median house price of $450,000, there’s a lot happening in Brabham! Named after Australian motor legend Sir Jack Brabham, Brabham showcases the very best in modern living. Focused on recreational spaces and plenty of greenery, its popularity continues to grow.
Growing by 9.0% and with a median house price of $435,000, it’s no wonder families across Perth are flocking to call Eglinton home! It’s the ultimate package of goodies – with leafy parklands, trendy cafes and one beautiful coastline to boast.
So, where will you decide to call home?