First home buyers should look south

PIC: Seven News

First home buyers searching for something affordable are being urged to look south of Perth.

According to Property Group Domain, the cheapest suburb for first home buyers is Medina where you can pick up a home for $250,000.

This is followed by Armadale, Hillman, Parmelia, Camillo, Leda, Brookdale, Calista, Cooloongup and in tenth place is Greenfields where the median house price is $310,000.

Damian Collins from the Real Estate Institute of WA said the southern suburbs have come in as more affordable.

Valuing experts have identified Orelia as one of the best bargain suburbs south of the river.

Herron Todd White WA managing director Brendon Ptolomey told the West Australian house prices in Orelia had grown while nearby suburbs had declined.

“Orelia remains one of Perth’s most affordable suburbs, with renovators’ delights starting at $200,000 through to renovated original 1960s homes at $300,000,” he said.

“The area also contains more recently constructed dwellings on smaller lots competitively priced in the current market from $300,000 to $350,000.

“Other than the price, the attraction for buyers are the large land holdings above 700sqm, leafy streets, decent local infrastructure, including the Kwinana Hub shopping centre which is being renovated and extended, and the ability to access the train line at Kwinana or Wellard stations.”

 

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