10 Premium Perth Suburbs With Affordable Unit Markets

Real Estate Institute of Western Australia (REIWA) Chairman Damian Collins reported that the 10 upscale suburbs on REIWA’s recently released list may all have median selling prices above $1 million, but median unit selling prices are much lower.

“The unit market in these 10 premium PerthPerth, TAS Perth, WA the suburbs provide buyers with a more affordable entry point into the region that allows them to enjoy the lifestyle benefits without the high price tag,” Mr. Collins said.

Wembley, Mosman Park and Mount Lawley clinched the top spots on the list, where the top two suburbs showed the biggest percentage difference between house prices and unit prices – with median unit prices 78% lower than prices median home sales.

For those looking for the biggest dollar value savings, Mosman Park might be the best choice, based on the listing, as it offers a median unit selling price of $1.32 million below the median selling price. of the $1.68 million home.

Collins acknowledged that the quality of homes and units in these locations aren’t necessarily up to snuff, but if location and lifestyle are key decision criteria in your home-hunting process, the Buying a unit is a cost effective option.

“If you care about the lifestyle of one of these affluent suburbs but house prices are out of your budget, buying a unit may be a good option,” he said. .

The REIWA chairman noted that the median house sale price in Perth is the lowest of any Australian capital, but also admitted that “we still have our share of suburbs with house prices out of reach for the person average”.

Here are Perth’s top 10 suburbs with the most affordable median unit prices:

SUBURB

MEDIAN UNIT SALES PRICE

MEDIAN HOME SELLING PRICE

DIFFERENCE ($)

DIFFERENCE (%)

1.Wembley

$282,000

$1.29 million

$1.01 million

-78%

2. Mosman Park

$365,000

$1.68 million

$1.32 million

-78%

3. Mount Lawley

$410,000

$1.15 million

$740,000

-64%

4. North of Perth

$460,000

$1 million

$540,000

-54%

5. West Leederville

$480,000

$1.29 million

$810,000

-63%

6.Bitton

$500,000

$1.28 million

$780,000

-61%

7.Leederville

$507,500

$1.02 million

$516,000

-50%

8. East Fremantle

$525,000

$1.3 million

$775,000

-60%

9. Subiaco

$560,000

$1.48 million

$920,000

-62%

10. North CoogeeCoogee, NSW Coogee, WA

$579,500

$1.2 million

$615,500

-52%

Perth

$415,000

$525,000

$110,000

-21%

Filtered for suburbs with median home sales prices above $1 million with 28 or more transactions in the 12 months to December 2021 and ranked lowest to highest by median unit price.

About the Author

Noemi Pamintuan-jara

Noemi is a journalist for Smart Property Investment and Real Estate Business. She has extensive experience writing for the business, health and education sectors. Noemi is a contributing author of a summary published by the American Public Health Association and Best Practices in Emergency Pedagogical Methods in Germany. She shares copyright ownership of an instructional video for pharmacists when communicating with deaf patients. She attended De La Salle University where she obtained a double degree in psychology and marketing… Read more

10 Premium Perth Suburbs With Affordable Unit Markets




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Last update: March 25, 2022

Posted: March 26, 2022