Looking for affordable housing options in Perth? You’re in the right place! With the median house price in metropolitan Perth sitting at $560,000, savvy buyers know that the further you are from the CBD, the more value you can get for your money.
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!
Affordable Suburbs in Perth
Here are some great suburbs to consider if you’re looking for affordable houses:
Gosnells
- Distance from CBD: 20 km
- Median House Price: $399,000
- Highlight: Excellent value for money, family-friendly community.
Lockridge
- Distance from CBD: 15 km
- Median House Price: $512,500
- Highlight: Close to amenities and public transport.
Armadale
- Distance from CBD: 37 km
- Median House Price: $450,000
- Highlight: Great for first-time buyers and investors.
Featured Properties
Here’s a selection of affordable properties currently on the market:
$199,000 – 226/270 South Western Highway, Mount Richon, WA, 6112, Australia
- Median House Price: $512,500
- Bedrooms: 2
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
- Bedrooms: 2
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.
$269,000 – Villa 32/25-27 Parkhill Way, Wilson, WA, 6107, Australia
- Median house price: $652,500
- Bedrooms: 2
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.
$279,000- 24A Challis Road, Armadale, WA
- Median House Price: $450,000
- Bedrooms: 3
Located at 24A Challis Road in Armadale, WA, this charming home offers convenience with its proximity to transport and schools.
The property features a spacious lounge room, a well-appointed kitchen and dining area, three comfortable bedrooms, and a single bathroom. The outdoor space includes a patio area perfect for relaxation and a carport for secure parking.
All of this is set on an approximately 534sqm block, providing ample space for family living and entertaining.
Discover more cheap houses for sale in Armadale WA.
$299,000- 126/91 Benara Road, Caversham, WA
- Median House Price: $670,625
- Bedrooms: 2
Perfectly positioned in Discovery Parks Swan Valley, this charming 2-bedroom park home offers a unique living experience. Enjoy access to facilities including a swimming pool, TV room, children’s playground, and BBQ areas, and engage with the vibrant community through the active social club.
The home features a well-equipped kitchen with a gas cooktop, Smeg appliances, and a corner pantry, open living and dining areas with a reverse cycle split aircon, high ceilings, and low-maintenance wood-look flooring.
The master bedroom includes a walk-in robe, while the second bedroom has built-in robes. Additional features are a separate laundry, bathroom with heated towel rail, a separate toilet, a lovely outdoor area, and an elevated front deck.
With two car spaces and proximity to sporting facilities, shopping centres, wineries, and eateries, this home provides both comfort and convenience.
Please note, this property must be owner-occupied, and cats and dogs are not permitted. Rates and water usage are included, with a site lease applicable.
Discover more cheap houses for sale in Caversham WA 6055.
$359,000 – 43 Eudoria Street, Gosnells, WA
- Median House Price: $505,500
- Bedrooms: 3
Welcome to 43 Eudoria Street, Gosnells. This neat and tidy 3-bedroom, 1-bathroom home is perfect for investors seeking a low-maintenance property. Located within walking distance to Gosnells Train Station, the home offers convenience and an ideal location.
Currently tenanted until November at $380 per week, it features spacious living and dining areas, a well-sized kitchen with an electric stove, and bedrooms with built-in robes. The property includes evaporative air conditioning, a split system in the living area, and a solar hot water system.
The extensive outdoor area offers plenty of possibilities, complemented by a storage room and carport. Set on approximately 496sqm, the home is across from beautiful parklands and a children’s playground, providing a lovely green outlook.
Discover more cheap houses for sale in Gosnells WA.
Quick Tips for Finding Cheap Houses in Perth
- Explore the outskirts: Suburbs further from the CBD often offer better value.
- Check for community amenities: Properties in retirement villages or park homes can offer great facilities and lower maintenance costs.
- Stay updated: Register your match profile on real estate websites like Soho to get tailored property matches sent directly to you.
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
