What can you buy for Perth’s median house price?

Agent Lee Murray from Acton said the three-bedroom, one-bathroom property is in Rockingham’s northern waterfront precinct and has development potential.

“Properties in this area are not lasting long, so people need to be quick to secure their own beach side location,” he said.

“This property is in a prime location for development so whether you want to renovate the existing home, use it as an investment property to add to your portfolio or demolish and build your dream home, the choice is yours,” he said.

Closer to the CBD, a renovated two-bedroom townhouse in Subiaco is on the market for $650,000. It’s close to Rokeby Road and boasts two courtyards.

In Maylands a renovated character home steeped in history is on the market for $679,000.

Agent John Caputo from Perth Realty Group Maylands said the four-bedroom, two-bathroom home was built in 1902 and holds many secrets behind the white picket fence.

“This is a rare find in central Maylands with a full eco-renovation in 2015 including several passive design features and a self-contained granny flat/studio with a kitchenette and bathroom,” he said.


“During the renovations, the owners discovered a time capsule from the 1980s with a note to the future renovator sharing the cricket results and that Australia was in a recession.

“When the current owners were digging a trench to the sleep-out, several relics from the 1900s were discovered, including a corked vial containing a mysterious substance and a tiny horseshoe.”

Perth-based buyers’ agent Peter Gavalas, from Resolve Property Solutions, warned on Monday that new listing numbers were in freefall and homebuyers’ bargaining power was slipping away, driving prices further upwards.

Recent data from SQM Research showed a sharp 22 per cent monthly fall in newly listed properties in April, down 25.3 per cent on the year.

The fall comes as demand for housing remains strong, with upgraded Australian Bureau of Statistic forecasts for WA population growth rising from 1.5 per cent to 1.8 per cent in 2023-24, and from 1.6 per cent to 1.7 per cent in 2024-25.

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