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

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

Houses in Perth sold for a median price of $544,500 in the quarter to May, according to RP Data-Rismark.

Quarterly house prices dipped 0.8% from the month before.

Property Observer looks at recent sales in Perth to see what $544,500 will get you.

  1. 39 LONGFIN VISTA, YANCHEP

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

    This house was sold through Ray White Sun City for $545,000. All four bedrooms come with built in or walk in robes. The home was built by Scott Park in the outer Perth suburb of Yanchep’s Lagoon Estate development. Sharing the 659 square metre block is a self-contained brick granny flat.

    Price: $545,000

    Bedrooms: Four

    Drive to CBD: One hour

  2. 51 Sunbury Road, Victoria Park

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

    A three bedroom home on a 300 metre strata block sold for $539,000 through Terry McBratney and Associates Victoria Park, who advertised the home as “in need of a renovation”. The vendors made a loss on the home, which they purchased for $680,000 in 2008.

    Price: $539,000

    Bedrooms: Three

    Drive to CBD: 14 minutes

  3. 19 Damson Way, Greenwood

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

    Sold through Force Real Estate Duncraig, this home secured $542,000 earlier this month. The three bedroom, one bathroom solid brick and tile house at Greenwood was built in 1975, and is set on a block with a backyard, double carport and shed. The vendors purchased the house for $315,000 in 2005.

    Price: $542,000

    Bedrooms: Three

    Drive to CBD: 35 minutes

  4. 17 Telstar Drive, Morley

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

    Another three bedroom, one bathroom house sold around city’s median price this month, with this Morley home securing $545,000. The house, sold through Sammut Rosh & Associates is set on a 739 square metre block, with potential to develop on the substantial rear portion of the plot. The vendors more than tripled the $171,000 purchase price with this sale. They bought the home in 2002.

    Price: $545,000

    Bedrooms: Three

    Drive to CBD: 29 minutes

  5. 3 Mariposa Gardens, Success

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

    This three bedroom, two bathroom Success home was sold through De Freitas and Ryan Cockburn for $535,000. Prior to sale the house was rented out for $500 per week, giving the property a yield of 4.86%. In seven years, the vendors managed to secure more than double their purchase price – they bought the home for $219,000 in 2007.

    Price: $535,000

    Bedrooms: Three

    Drive to CBD: 35 minutes

To see what Perth's median asking rent will get you, click below.


 Asking rents have softened across Perth since reaching highs in April last year, according to SQM Research

The asking rent for a three bedroom house in the West Australian capital has dropped 7.4% in the last 12 months, though rents are up 6.8% on a three year basis. The median asking rent for a three bedroom house in the city is now $504.10 per week.

These three bedroom houses are all available to rent at around $500 per week:

  1. 12 Angle Place, Mullaloo

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

    This home in Mullaloo is available to rent through Primus Realty for $500 per week.

    Purchase price: $614,000

    Yield: 4.22%

  2. 69 Elkhorn Avenue, Southern River

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

    Located in the south eastern suburb of Southern River, this house is available to rent through Primus Realty for $500 per week.

    Purchase price: $232,000

    Yield: 11.2%
  3. 4A Welwyn Avenue, Manning

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

    This house, 11 minutes drive from the CBD, is available to rent later this month for $500 per week, through Access Property Management South Perth.

    Purchase price: $555,000

    Yield: 4.68%.

Tags: 
Perth

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