Perth House Prices Still Australia’s Most Affordable
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Perth House Prices Still Australia’s Most Affordable

While house prices have risen across the country, Perth values haven’t kept pace.

By Terry Christodoulou
Thu, Mar 3, 2022Grey Clock < 1 min

While Australia’s east coast has seen rapid price growth in recent times, Perth, with its median house price of $525,000 in February, is the most affordable capital city in Australia according to the latest data from Real Estate Institute of Western Australia.

REIWA President Damian Collins said the record housing boom made the east coast expensive.

“In Sydney and Melbourne, their median house sale prices sit above $1 million, pushing the dream of homeownership out of reach for many people,” Mr Collins said.

“We are lucky that owning your own home is still attainable for most people in Perth.”

According to REIWA, the WA suburbs that recorded the biggest median house sale price growth during February were Mount Nasura (+3.1% to $490,000), Nedlands (+2.1% to $2.1 million), Meadow Springs (+2% to $430,000), Hammond Park (+1.9% to $525,000) and Hammersley (+1.8% to $565,000).

According to REIWA there were 7892 properties for sale on reiwa.com, which is the same level seen in January and 13% lower than the end of November 2021.

It took 16 days to sell a property in February, the same as January and three days faster than February 2021.

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237