With its coastal lifestyle offerings, parks and well-maintained public areas, family-friendly infrastructure and famous warm weather; the Sunset Coast is becoming the answer to many Australians problems when it comes to working out how they are going to get into the property market.
Western Australia became known as a safe-haven during the worst of the pandemic with the strict mandates around border closures and restrictions. These policies have kept the state's economy booming and whilst the Western Australian building industry benefitted greatly from this, Perth and its metro area (from northern Two Rocks all the way south to the Peel and Mandurah region) is the most affordable capital city to build and buy property in.
The median house price for WA recorded by Domain in October of 2021 was $598,601.00 and the average weekly rent sits around $520.00/ week with viable return on investment opportunities. If you're looking to relocate to Perth, one of its metro areas or regional Western Australia with the intention of setting up a new life you are opening your property options right up.
If we look at a hypothetical scenario to understand what it could cost you and what your life could look like when relocating to Perth specifically or broadly Western Australia, we can use the following details.
Suburb: Treeby, 6164 (Perth Metro Region)
Proximity: Treeby is a newer suburb located
- 20 minutes from Perth CBD,
- 3 minutes from Cockburn Central Shopping Centre which houses big name brands, supermarkets, restaurants and retail outlets
- 19 minutes to the coastline of Coogee Beach
- 24 minutes to the bustling hub of historic and colourful Fremantle
- 25 minutes to Perth Airport
Average House & Land in Treeby: $594,000.00. A comparative estate like Meadow Ridge in Sydney has an average price of $1,112.000.
A Summit home in Treeby
WA's booming economy
In 2018-19, Western Australia's gross state product was A$260.6 billion, making it the nation's most productive state. According to Deloitte WA has bounced back from the lows of 2020 strikingly well, with an unemployment rate below 5% and a hungry job market with over 60,000 positions open and available.
Whilst the average income for individuals in Australia sits around $89,122.00 (according to Salaries Australia), WA's average income sits above this at $98,420.00, the second highest in the country; making it an attractive opportunity for individuals who are ready to take advantage of a great opportunity. Industry sectors like Tourism, Agriculture and Logistics are excelling at the moment, in addition to the Oil, Mining and Gas industries which WA is known for.
Which builder do I choose?
If relocating is something you're considering, finding land and knowing which builder to choose can be a daunting task. Summit Homes Group has built in Western Australia, from the Perth Metro all the way down to the South West (Waroona to Margaret River) for over 40 years; building homes for more than 40,000 Western Australians. A trusted name in the industry, Summit was awarded Most Professional Builder of 2021 (& 2020) by the HIA and MBA's Project Builder of The Year 2021.
You don't have to take our word for it though; at Summit we're Built Around People. You can hear from our clients about their experiences here.
If you'd like to speak to a specialist about your plans fill out the form below; one of our experienced New Home Consultants will be in touch soon.
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