|Median Mortgage Repayment:||$2,167 per Month|
|Median Rent:||$430 per Week|
|Distance From Perth CBD:||0.00km|
We may be bias, but living in Western Australia is a dream in itself. And with such a variety of Property to buy in Perth, the choice of owning your own inner city home has never been so within reach. Over the past five years, Perth has grown a staggering 14.3% in population meaning it’s one of the fastest growing cities in Australia. And, because property in Perth, Australia is so lucrative at the moment, property advisors in Perth are flocking to Perth CBD and its surrounding suburbs to take advantage of today’s affordable property market.
With the average housing price of $450,000, there are thousands of affordable new homes in Perth. And, with approximately 1,000 people moving to Western Australia every week and looking for places to call home, property to rent in Perth starts at around $299 per week.
Located 14km from the beach, inner city hotspots have created enviable locations in areas such as Leederville, Subiaco, North Perth, Mount Lawley, East Perth and Burswood to name a few. For those looking for smaller more manageable lot sizes, land for sale in Perth Metro areas such as these should be on your list for consideration!
Properties located in Perth’s inner suburbs are selling rapidly and surrounding suburbs such as Burswood and East Perth are also growing in popularity due to the development of new infrastructure and community activities.
With the recent construction of Optus Stadium in Burswood, we have seen an increase in residents moving to the suburb with East Perth not far behind. Here, residents have the luxury of living along the river while also being 3 minutes away from the city centre. Both Burswood and East Perth are also becoming popular locations to rent in Perth.
Surrounding suburbs are not only more affordable for first home buyers compared to Perth’s CBD, but also provide an alternative to the hustle and bustle of living so close to the action, but still offer the perks associated with inner city living.
Many first home builders in Perth are trying (but failing) to combat the enormous financial strain first home buyers face. At SOMO we have found the solution! We know you want to buy your first home, but are not sure how much you can afford right now, and we can help.
It’s possible to obtain finance to buy your first home at the same or a lower rate than you’re currently renting at with the help of keystart loans. To compliment the key start loan, we have a finance calculator to help you understand your financial position and help you find your perfect house and land package in Perth.
Perth is establishing its own identity with exciting new projects that will change the way we work, live and play in the city. Property in Perth, Australia, whether within the CBD or surrounds, offers residents a sense of thriving culture and community.
From surfing at Cottesloe beach, enjoying a delicious brunch in East Perth or heading out to a trendy bar in Northbridge, Perth has you covered. Allowing you to embrace the best of both worlds when it comes to beautiful beaches, great food and entertaining nightlife, let us help you find what you are looking for when searching for an affordable property to buy in
Don't have time to sift through the spaces available on the SOMO web site? Just send us your details and we will get back to you with your options!