Perth’s most affordable suburb revealed

Medina PerthWith housing affordability an issue for many Western Australians, entering our states property market can seem like a daunting step.

If you are a first time home buyer and looking to buy in  affordable suburbs around Perth, there are plenty of options for you. One suburb in particular has taken out top spot as the most affordable suburb and if you are happy to look a little further south, a home in this little gem may be a great option for you.

Just 37.6km south of Perth, Medina is the only suburb in the Perth metropolitan area with a median price below $300,000 — sitting at $289,000. The area is known for its charming cottage like homes on large blocks, and for families, comes with plenty of appeal.

A well-established suburb, Medina was designed in the early 1950’s by Perth’s first female town planner, Margaret Feilman.The majority of the homes in the area have been built with jarrah hardwood and almost all of them feature jarrah hardwood floors. Block sizes typically range between 700-800 square meters.

photo- the professionals

If you are thinking long term- there’s some great news for homeowners in the area.

The suburb of Medina is currently undergoing a sustainability review, facilitated by a not for profit town planning organisation and the City of Kwinana. The focus will be on revitalising the small “strip shops” originally built to serve the community.

If Medina is not your cup of tea, take a look at the 10 most affordable suburbs in the Perth Metro and their median house price as of November 2015. These suburbs have ranked consistently over the years, appearing on the “Top 10” list on more than one occasion.

PERTH’S CHEAPEST SUBRUBS

  1. Medina- $289,000
  2. Camillo- $317,000
  3. Armadale- $320,000
  4. Parmelia- $320,000
  5. Hillman-$320,000
  6. Brookdale- $323,665
  7. Calista- $328,000
  8. Leda- $339,000
  9. Orelia- $340,000
  10. Cooloongup- $340,000

About peardrealestate

Peard Real Estate is an award winning network of boutique offices throughout Western Australia delivering innovative property solutions, services and results for home owners, landlords and investors.
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