Perth’s 10 bargain suburbs under $375,000 close to city
The Perth suburbs of Camillo, Gosnells and Middle Swan are the most affordable in which to buy a house less than 30 kilometres from the city's CBD.
The Perth suburbs of Camillo, Gosnells and Middle Swan are the most affordable in which to buy a house less than 30 kilometres from the city's CBD.
REIWA President Damian Collins said even though Perth had recorded strong price growth over the last 12 months, the 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.
The top 10 cheapest suburbs for houses less than 30km from the CBD
| Suburb | Median house sale price | Distance to Perth CBD (km) | Suburb profile |
|---|---|---|---|
| Camillo | $299,000 | 26.0 | 2.6 square kilometres, with three parks covering 3.3 per cent of total area |
| Gosnells | $333,000 | 20.5 | 14.8 square kilometres, with 27 parks covering 6.1 per cent of total area |
| Middle Swan | $335,000 | 19.2 | 13.4 square kilometres, with seven parks covering 4 per cent of total area |
| Lockridge | $337,000 | 13.6 | 1.4 square kilometres, with six parks covering 8.8 per cent of total area |
| Midland | $342,000 | 17.4 | 4.4 square kilometres, with three parks covering 0.6 per cent of total area |
| Kelmscott | $343,500 | 25.0 | 15 square kilometres, with 15 parks covering 32 per cent of total area |
| Balga | $350,000 | 13.3 | 5.2 square kilometres, with 24 parks covering 10.3 per cent of total area |
| Maddington | $350,000 | 17.7 | 10.8 square kilometres, with nine parks covering 1.7 per cent of total area |
| Stratton | $350,000 | 27.7 | 2.3 square kilometres, with 13 parks covering 34.1 per cent of total area |
| Koondoola | $364,000 | 14.4 | 3.5 square kilometres, with nine parks covering 43.1 per cent of total area |
Source: REIWA
According to the Real Estate Institute of Australia’s 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, as our strong economy, resilient property market and affordable house prices have kept the Australian dream of home ownership alive and well in WA,” Mr Collins said.
