Sydney’s house prices aren’t too bad if you’ve recently robbed an art gallery. Or if you have forced Jeff Bezos to adopt you as an adult. Or if you have found a mysterious briefcase on the beach that’s filled with $10,000,000 worth of jewels.
But for the rest of us, we’re absolutely screwed. As per The Sydney Morning Herald, Sydney’s median house price is $1,590,000. Moreover, Melbourne’s not much better, with theirs being around $1,092,000, and Brisbane’s about $831,000. However, there is a city with some decent prices. And according to Domain, that city is Perth.
How Much Are House Prices in Perth?
Now, don’t get it twisted, some Perth house prices are downright disgusting. For instance, the median house price in North Fremantle is a whopping $1,270,000. But North Fremantle is an outlier. The median house price in Armadale is $289,000, Camillo’s $301,000, and Orelia’s $315,000, just to name a few.
Ergo, while these suburbs aren’t exactly cheap as chips, they’re certainly cheaper than a home in Sydney. As REIWA’s president and real estate dude, Damian Collins, told Domain, “We are lucky in Western Australia that our housing market is still so affordable and that even as interest rates rise the dream of homeownership is still achievable for most people.”
Related: How Much Savings Do I Need for a House Deposit in Australia?
Related: Given Interest Rates Hike, Should I Buy a House in Australia Now or Wait?
Should You Move to Perth to Buy a House?
It’s no secret that Western Australia is basically another country. To get from Sydney to Perth is either a five-hour flight, a 40+ hour drive, or a month of continuous walking. Furthermore, if COVID ever makes Perth closes its borders again, then you could be separated from your interstate friends and family for a very long time. On May 3, ABC reported that WA had major travel restrictions in place for over two years.
Nevertheless, Perth does have a lot of things going for it. This city a great music scene, awesome coffee, good vibes, and the ocean. Additionally, owning a house would also be rather delightful, aye. It certainly could beat renting a Melbourne shoebox for $400 per week. So, if you need a change of pace, then maybe it’s time to really consider making a move.
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