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Market Updates

Value properties for under the median sale price

Jones and Co property

With low interest rates and the median sale price for Perth sitting under $480,000, it’s perfect conditions for acquiring an affordable home.

Jones and Co director Kelly Jones said there were currently plenty of accessible and affordable areas for people wanting to enter the market or even upsize.

“Good value properties in suburbs like Bassendean and Bayswater are proof that you don’t have to sacrifice character and amenities for a lower mortgage,” she said.

REIWA President Damian Collins said people who were in a position to buy should strike now.

“In the grand scheme of things, I’ve seen a lot of people miss out when they try to time it to get to the bottom,” he said. “They wait and wait and wait, and then the bottom comes and goes without them realising it.

“If you want to buy a home and can afford it, I’d encourage you not to sit on the sidelines.”

The team at Jones and Co have come up with 5 great value properties listed around Perth’s median house price.

5 Fourth Avenue, Bassendean

This 1952-built character home is charming throughout. From its white picket fence, jarrah floorboards, high ceilings, fireplace and decorative cornices, this 3×1 on 470sqm has an asking price of $485,000. And all within walking distance of the train station, supermarkets and Steel Blue Oval.

49 Field Street, Morley

Built less than two years ago and located just minutes from Galleria shopping centre and the new Forrestfield rail link, this 3×2 is a compact home finished in neutral tones with modern appliances. It sits on a 318sqm block and is open to offers in the $400,000s.

64 Iolanthe Street, Bassendean

Ornate ceiling roses, jarrah floorboards and other original 1950’s features have been carefully preserved in this 4×2 renovated family home. On the market from $450,000 this lovely cottage on a 417sqm block is within walking distance of supermarkets, public transport and Bassendean’s vibrant café strip.

3 Calverley Road, Brabham

This low-maintenance property on a 354sqm corner block is just footsteps from lush local parklands and adjacent to magnificent Whiteman Park. It’s a 3×2 open plan home with ultra-modern kitchen and living areas, and flawless alfresco, and is listed from $425,000-$460,000.

9 Baza Gardens, Maida Vale

Tucked away in a cul-de-sac on a 504sqm block, this 4×2 is a stone’s throw from the Perth Hills, Kalamunda markets, lookouts and walking trails. Galley-style kitchen, butler’s pantry, loads of storage space, home theatre and massive master retreat are part of this wonderful lifestyle property. It’s listed for $435,000 and ticks all the boxes.

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