Head east for great home value
THE Perth Hills still represents some of the best value for West Australians looking to enter the property market.
THE Perth Hills still represents some of the best value available for West Australians looking to enter the property market, experts say.
Latest figures show Perth's eastern corridor has posted the best growth in the state over the past decade, with Midvale the rising star, making it into the Top 10 metropolitan areas for price growth in the past 12 months.
Landgate chief executive Mike Bradford said historically the eastern region had supplied some of the Perth's most affordable houses. With the overall Perth median house price recovering significantly since September 2011, the region now enjoyed Perth's lowest median house price at $444,000.
Among the new buyers in Midvale over the past year are Nadine Browne and Krzysztof Piotrowicz.
"We bought a three-bedroom, old fibro house. We mostly bought it for the land, it's a really big block,'' Ms Browne said.
"We plan to subdivide it because Midvale is changing its zoning laws. It was a really good deal. We bought the 1800sq m block for about $340,000.''
Big bank exec reveals Aus hottest housing markets
As Australia braces for imminent rate cuts, a Big Four bank executive reveals the unexpected housing markets where buyer demand is now the hottest in the country.
Aus bank war erupts over RBA cut call
The next RBA meeting is still days away but already a war of words has erupted between Australia’s major banks and every Aussie is caught in the middle.
Full list: Each Aus city’s most affordable pockets
The most affordable and liveable Australian cities have been revealed. See how your city compares.