Dreaming of cheap houses for sale in Perth? You’re in luck!
While the metropolitan Perth median house price sits at $560,000, savvy buyers know the further from the CBD, the more value you get for your investment.
Places like Gosnells, just 20km out, or Lockridge at a mere 15km from the CBD offer incredible value and are the perfect spot to find your dream property.
Ready to dive into the Perth real estate market and uncover hidden gems? Register your match profile on Soho. We’ll tailor property matches to your criteria, sending them directly to you as soon as they’re listed.
Your dream home in Perth awaits!
$199,000 – 226/270 South Western Highway, Mount Richon, WA, 6112, Australia
Median house price: $512,500
Dreaming of a lifestyle shift or keen to downsize? Discover this affordable 2-bedroom unit in Perth. Each bedroom is spacious with built-in robes and ceiling fans, linked by a semi-ensuite.
The open kitchen and living area offer a seamless flow, perfect for those seeking space without the maintenance. Featuring ducted air-conditioning and security enhancements, this property offers unparalleled comfort.
Enjoy village amenities, from a refreshing pool to a lively social club. With minimal costs like $0 council rates and potential government assistance for weekly fees, it’s a dream property in the heart of Hillside Garden Village.
Ideal for investors and residents wanting the beauty of community living.
Discover more cheap houses for sale in Mount Richon WA.
$199,000 – 111 2462 Albany Highway, Gosnells, WA, 6110, Australia
Median house price: $399,000
Discover the “Royale” park home in Perth, the perfect spot for those prioritizing lifestyle and convenience. This unit showcases two bedrooms, the master bedroom featuring a built-in robe.
Enjoy open plan living across the lounge, dining, and kitchen areas, enhanced by ducted evaporative air conditioning. The property boasts new carpets, an updated kitchen, and dual ramps for accessibility.
Situated in the Riverside Gardens Estate, tailored for the over 50’s, this dream property offers proximity to the Perth CBD, local schools, shops, and more. It’s the ideal blend of affordability and vibrant living.
Discover more cheap houses for sale in Gosnells WA.
$250,000 – 17/2 Glastonbury Road, Armadale, WA, 6112, Australia
Median house price: $338,500
This immaculately presented 2-bedroom unit is situated in a prime location, directly opposite a major shopping centre.
Adorned with a newly renovated bathroom and a beautiful kitchen, this property offers fresh carpets and split air conditioning to ensure your comfort. Outdoors, enjoy a private courtyard and benefit from a single car carport.
Currently tenanted by a long-standing resident of 4 years who is keen to continue, the property brings in a rent of $235 per week, with a potential for review.
Strata titled, it comes with levies at $620 quarterly.
Discover more cheap houses for sale in Armadale WA.
$250,000 range – 12 Jennapullin Crescent, Ellenbrook, WA, 6069, Australia
Median house price: $465,500
Nestled in coveted Ellenbrook, this 4-bedroom, 2-bathroom home merges elegance with functionality. Set on a 416sqm plot, enjoy the serenity of neighboring kangaroos from the reserve.
Features include a modern kitchen, spacious open-plan living areas, and an expansive alfresco entertainment zone. Located minutes from amenities and Ellenbrook’s heart, it boasts a spacious backyard, oversized garage, and solar systems.
With proximity to Swan Valley Region, this is suburban Perth living at its finest.
Discover more cheap houses for sale in Ellenbrook WA.
$250,000 range – 58 Scanlon Way, Lockridge, WA, 6054, Australia
Median house price: $372,500
Looking for a fixer-upper? This is the renovator’s dream. Seize the chance to customize your dream space! Dive into a property that lets you pick everything: from floor coverings and paint hues to kitchen design and lighting.
This home is your blank canvas, with 3 comfortable bedrooms.
Discover more cheap houses for sale in Lockridge WA.
$269,000 – Villa 32/25-27 Parkhill Way, Wilson, WA, 6107, Australia
Median house price: $652,500
Here’s one of our favourite affordable houses for sale in Perth.
Discover a serene haven at River Pines Village, set amidst vibrant gardens just north of Canning River. This retirement village, a short 8km from Perth’s CBD, combines secure, tranquil living with the buzz of the city.
In close proximity to public transport, it offers a harmonious balance of community and independence. Delight in amenities like a BBQ zone, workshop, and library without leaving the premises.
Discover more cheap houses for sale in Wilson WA.
More on finding cheap houses for sale in Perth
Where is the cheapest place to live in Western Australia?
The cheapest place to live in Western Australia is Geraldton. The median house price in Geraldton is $350,000, which is significantly lower than the median house price in Perth, which is $500,000.
Geraldton is a coastal city with a population of around 40,000 people. It is located in the Mid West region of Western Australia and is known for its beaches, fishing, and wineries.
While the cost of living in Perth is less than in Sydney or Melbourne, it is still a capital city.
Are house prices falling in Perth?
Yes, property prices in Perth have been falling since the start of 2023. The median house price in Perth has fallen by over 5% in the past year, and it is expected to continue to fall in the coming months.
Read our commentary on the Perth property market for more information.
What city in Australia has the cheapest houses?
One of the cheapest cities to buy a home in Australia is Tara, Queensland. The median house price in Tara is $158,750, which is significantly lower than the median house price in Sydney, which is around $700,000 for all property types.
Tara, Queensland is a serene rural town known for its scenic landscapes, tight-knit community, and rich agricultural heritage.
How much will the price of houses drop in Western Australia?
It is predicted that house prices in Western Australia will fall by an average of 10% in 2023. However, some suburbs are expected to see a larger decline in prices, while others may see a smaller decline.
Will Perth house prices drop in 2023?
Yes, it is very likely that Perth house prices will drop in 2023. The factors that are contributing to this decline include rising interest rates, inflation, and a lack of confidence in the property market.
What Perth suburbs have falling house prices?
The suburbs in Perth that have seen the biggest decline in house prices in recent months include:
- Armadale
- Kwinana
- Mandurah
- Joondalup
- Rockingham
