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Affordable Suburbs for First-time Home Buyers: 2024 Housing Guide

Published:

July 22, 2024

Looking to buy your first home in Perth? It’s still possible to find affordable house and land packages in select areas. Some suburbs with a median house price that first home builders can afford include Wellard, Alkimos, and Yanchep. These areas offer a range of options for budget-conscious buyers.

Looking to buy your first home in Perth? It’s still possible to find affordable house and land packages in select areas. Some suburbs with a median house price that first home builders can afford include Wellard, Alkimos, and Yanchep. These areas offer a range of options for budget-conscious buyers.

In Wellard, you can find houses with reasonable prices while being close to amenities and public transport. Alkimos is another suburb where your budget might stretch further. Yanchep also provides affordable housing with the added benefit of upcoming developments set to boost the area.

Remember, T&Cs and availability apply as the house and land packages offered by WOW Homes can change frequently. Stay updated and seize the opportunity to own your first home in these affordable Perth suburbs.

Understanding the Perth Property Market

The Perth property market is shaped by various factors including current trends, median house prices, and the impact of land development on affordability. Each of these aspects plays a vital role for first home buyers.

Current Market Trends

Perth’s property market has seen steady growth in recent years. Sales volumes have increased, reflecting strong buyer interest. Many areas show promising potential for future growth, attracting first-time buyers.

Vacancy rates are low, indicating high demand for housing. This has led to increased competition for available homes. Areas with schools, parks, and good transport links are particularly popular.

The Western Australian economy also influences the market, with sectors like mining contributing to job growth and housing demand. Keeping an eye on market trends can help you make informed decisions.

Median Price Insights

REIWA reports show that the median house price in the Perth metropolitan area hovers around $650,000. Some suburbs offer more affordable options, while others are more expensive.

For first home buyers, finding suburbs where prices are within reach is essential. Suburbs like Baldivis, Alkimos, and Wellard offer homes at lower prices. Prices can vary widely even within the same suburb.

When considering a purchase, check recent sales data and talk to local agents. Understanding median prices and trends in your target area can help determine what you can afford in today’s market.

Impact of Land Development on Affordability

Land development has a significant effect on housing affordability in Perth. New developments provide more housing options but also depend on availability and location. Land developers are constantly working to release new land for sale.

Many packages are designed for first home buyers, offering competitive prices. Development in outer suburbs often results in more affordable prices compared to inner-city areas. Consider areas where infrastructure development is planned, as this may lead to future growth and increased property value.

The Foxy

Locating Affordable Suburbs in Perth

Perth has several suburbs where you can still find affordable housing for first home buyers. The cost of living, amenities, and accessibility vary by suburb, but each area offers its own unique benefits.

Yanchep

Yanchep is a coastal suburb in the northern part of Perth. It’s known for its relaxed lifestyle and beach access. You can enjoy the outdoors at Yanchep National Park. The community is growing, with several schools and shopping centres being developed. Public transport options include buses and a train line extension.

Hilbert

Hilbert offers great value for first home buyers. It’s a newer suburb with plenty of parks and green spaces. Shops, schools, and other amenities are being developed, making it a family-friendly choice. Public transport is accessible via nearby Armadale train station.

Wellard

Wellard, in Perth’s southern suburbs, is known for its affordable housing. It has a village atmosphere with cafes, parks, and a community vibe. The Wellard train station provides easy access to Perth CBD. Schools and medical centres are nearby, making it convenient for families.

Alkimos

Alkimos is another northern coastal suburb, known for its modern estate developments. The beach and parks offer plenty of recreational options. Shopping centres, schools, and other amenities are established, and public transport links are improving.

Two Rocks

Two Rocks offers a quieter, more relaxed lifestyle compared to central Perth. It’s further north but provides scenic coastal living. Basic amenities like shops, schools, and parks are available. Public transport is more limited, so consider the commute.

Baldivis

<>Baldivis, a well-developed suburb in the southern region, is popular among first home buyers. It has schools, shops, and recreational facilities. Public transport is accessible via nearby Rockingham or Warnbro train stations. The community atmosphere makes it a great location for families.

Lakelands

Lakelands, just north of Mandurah, is known for its family-friendly community. It offers parks, schools, and shopping centres. There are plans for improved public transport with a new train station on the way. It’s an affordable option for first home buyers seeking a suburban lifestyle.

Lifestyle and Amenities: Choosing the Right Locale

When choosing where to buy your first house in Perth, it’s important to think about the lifestyle you want and what amenities are nearby.

Proximity to Work and Essential Amenities

Living close to your workplace can save you a lot of time and stress. Perth offers various suburbs with easy access to the CBD and other major employment hubs. Public transport options like the train line and bus routes can make your commute easier. Many areas also have good local infrastructure, ensuring that schools, shops, and healthcare services are within reach. Being close to essential amenities such as supermarkets, shopping centres, and medical facilities is vital. Suburbs like Baldivis and Wellard provide a balance between work proximity and necessary amenities. 

Recreational and Lifestyle Offerings

Your lifestyle matters. Areas with parks, cafes, beaches, and restaurants offer a balanced quality of life. Suburbs like Yanchep and Two Rocks are known for their proximity to beautiful beaches, providing a relaxing escape. For those who enjoy dining out, look for areas with a variety of cafes and restaurants. Proximity to shopping centres can also add convenience. Outdoor lovers may prefer locations with plenty of parks and recreational spaces to enjoy Western Australia’s great weather and outdoor lifestyle.

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