As Perth market stabilises, where are the most affordable suburbs?

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May 12, 2017

As Perth market stabilises, where are the most affordable suburbs?

As Perth's property market stabilises after some tough years in the wake of the downturn in the mining sector, we take a look at where the best value lies in the nation's western capital.

LJ Hooker Mosman

This three-bedroom home in Medina, Perth's most affordable suburb, sold for $300,000 in December last year.
This three-bedroom house in Perth's Armadale sold for $305,000 in March this year.
Coulson & Co

This four-bedroom house in Parmelia sold for $300,000 in March.
WA Real Estate Property Group

This four-bedroom house in Camillo sold for $285,000 in last week.
Coulson & Co

This four-bedroom house in Leda sold for $365,000 in March.
David Evans Real Estate

This two-bedroom house at Cooloongup sold for $210,000 in March.
Coulson & Co

This four-bedroom house with a pool in Orelia sold for $385,000 in March.
Aquila Realty

This three-bedroom house in Stratton sold for $330,000 in January.
Homehunters Realty

This two-bedroom house in Lockridge sold for $317,000 in January.
Ray White

This five-bedroom house in Warnbro sold for $430,000 in March.

Perth's property market is stabilising after some tough years in the wake of the downturn in the mining sector.

But recent data shows the market is leveling out.

During the March quarter, house sales rose by 30 per cent. Leasing activity increased by 24 per cent.

reiwa.com data shows the average number of days it takes to sell a Perth property is 66 days, which is notably higher than during boom times in 2013 when it took on average 41 days to sell a property.

Perth's median property price is now $521,000, down 3.5 per cent for the year, according to the REIWA.

As signs of stability emerge, we take a look at the best value suburbs in the nation's western capital.

See the slide show above to view properties that have sold in these suburbs, and the sold prices.