Perth House Prices Still Australia’s Most Affordable
While house prices have risen across the country, Perth values haven’t kept pace.
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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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This home has all the conveniences of modern living set in a dramatic landscape
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Plenty of people are looking to get away from it all. But most are reluctant to give up the conveniences and small luxuries of modern living.
This split-level property at 166 Westwood Street, Bridport on the north coast of Tasmania offers both, with direct access to a stunning coastline as well as easy living in a three-bedroom, Hamptons-style home. Just a 10-minute walk from Mermaids Beach in the Granite Point dress circle, the house on a 1206sqm site is a two-hour drive from Devonport and the Spirit of Tasmania terminal port.
Central to the floorplan is a generous, north facing open plan living space with raked ceilings and wraparound bay windows leading onto a sun-filled deck via sliding doors.
Entry is via a spacious reception area with integrated hall table and storage cupboard. A short hallway offers access to the master suite to the right and secondary bedrooms to the left, or through to the open plan living area to the rear.
The master suite includes a built-in robe and stylish, semi open ensuite. Sliding doors lead onto the split level deck, with a spa on the lower side to provide privacy.
The well-appointed kitchen includes a large butler’s pantry, as well as an island bench and bar area with finishes such as Carrara marble chosen to blend seamlessly into the lounge and dining area. A stone fireplace is the main focal point in this room, while ducted heating and aircon ensure that thermal comfort is maintained all year round.
At 334sqm, the house is large enough to provide room for family and friends when required, bt cosy enough for two, without spending unnecessary time on maintenance and cleaning.
With Barnbougle Dunes and Lost Farm golf courses just 10 minutes away, local wineries and mountain biking at nearby Derby, this is an ideal property for downsizers looking for a little luxury while still feeling connected to nature.
Address: 166 Westwood Street, Bridport
Inspection: By appointment
For sale: By Offer
Price guide: $2.3m t0 $3m
Agent: Andrew MacDonald, The Agency, 0409 368 151 andrewmacdonald@theagency.com.au
