Accommodation and real estate
The Perth median property price is around $520,000* and for approximately $550,000 – $600,000 you can buy a four bedroom, two bathroom home with a swimming pool in a quality Perth suburb. (Source: REIWA.com.au)
Purchasing a Home
In Western Australia, the majority of properties are on freehold land and are sold and purchased under a process of offer and acceptance. There is, however, a trend developing in Perth to buy and sell homes by auction. Properties are advertised for sale and generally open for inspection for an hour or so on weekends or by appointment during the week.
You can find houses currently for sale on the REIWA website here.
Help and advice regarding purchasing a house in Western Australia is available from the Real Estate Institute of Western Australia (REIWA).
Perth Rental Market
Availability of rental properties tends to be seasonal with the highest demand for rental properties being in the summer months of November through to March. On average, around half of the available properties are usually rented out within two weeks of being advertised. Properties are advertised usually in local and Statewide newspapers and online at sites such as realestate.com.au or REIWA.
There is a wide range of rental options available in Perth – from basic units to luxury mansions, short or long term and furnished or unfurnished.
The median rent for a three bedroom house in Perth is around $380* per week.
You can find houses available to rent on the REIWA website here.
Information and advice about renting is available from the Department of Consumer and Employment Protection.
Area map with facilities / Median house price map
Here you can find the median house price for a suburb within the Perth Metropolitan area. This will help you identify areas of choice within your budget when considering to rent or purchase a property. Also featured are amenities within the area, for example, schools, transport and shopping centres.
Find the median house price for a Regional Western Australian area. Once you have decided you want to live in regional Western Australia, use this area map to discover more information on the house price trend and see if that matches your budget alongside the amenities within each town and distances from major townships and cities.
Each month REIWA produces a TV show that offers the latest local real estate news including the state of the market, suburb information and new developments. Watch REIWA TV here.