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

The median price of a house in Perth was $535,000 for July, according to RP Data.

House prices dipped slightly for the month, down 0.6% from June. Annually, Perth house values increased 7.9%. Only Hobart and Canberra saw a lower level of yearly growth, with both recording a 6.3% increase.

Many investors use median prices as an indication of what it would cost to get into a market. So what exactly does a "median priced" house in Perth look like?

Property Observer looks at recent Perth house sales to see what $535,000 will buy you.

1. 14 Littorina Avenue, Heathridge
   
   
   
   This three bedroom, one bathroom house in Perth's northern suburbs sold for $530,000 this weekend.
   
   Set on a 712 square metre corner block, the house has a double garage and plenty of room on the back for more cars or boats. The property's listing claims it "could have outstanding subdivision potential".
   
   Price: $530,000
   Bedrooms: Three
   Drive to CBD: 21 minutes
   
   
2. 6 Shelduck Crescent, Bennett Springs
   
   
   
   Selling for $540,000, this house has four bedrooms and two bathrooms.
   
   The ex-display home has ducted air-conditioning, a double remote garage, security alarm system and an outdoor entertaining area. The house in Perth's north is set on a 622 square metre block, with a backyard and shed.
   
   Price: $540,000
   Bedrooms: Four
   Drive to CBD: 25 minutes
   
   
3. 12 Golden Crescent, High Wycombe
   
   
   
   This four bedroom, two bathroom home sold for $539,000 earlier this month.
   
   The single storey house is set on a 757 square metre block, with a covered outdoor entertaining area and backyard. The living areas have timber flooring, while the bedrooms are carpeted.
   
   Price: $539,000
   Bedrooms: Four
   Drive to CBD: 26 minutes
   
   
4. 20 Lockett Street, Coolbellup
   
   
   
   The three bedroom house at 20 Lockett Street sold for $535,000.
   
   With two bathrooms, a lounge room, kitchen and dining area and tiled family space, the house also comes with a single carport with room for five cars in single file. The home, set on a 853 square metre block, is currently tenanted until October at $380 a week, with an annual yield of 3.69%.
   
   Price: $535,000
   Bedrooms: Three
   Drive to CBD: 20 minutes
   
   
5. 19 Abercairn Way, Parkwood
   
   
   
   This four bedroom house secured $530,000 when sold earlier this month.
   
   The carpeted house has built in robes in three of the four bedrooms, a family room and a lounge and dining area. The house comes with two garden sheds and a lock up car port.
   
   Price: $530,000
   Bedrooms: Four
   Drive to CBD: 22 minutes