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The REIWA has revealed South West Western Australia’s 10 most affordable suburbs, which it refers to as “hidden gems”.
The president of the REIWA Hayden Groves flagged Collie, Withers and Manjimup as the top three most affordable suburbs, offering potential tenants an “exceptional lifestyle”.
“Whether you’re looking for a property to invest in or seeking to move to the region, there is an abundance of options available to buyers down south. Most notable is the exceptional lifestyle opportunities on offer, which are not readily available at these prices in the metro area,” Mr Groves said.
“For instance, the median house prices of the 10 suburbs on the list range between $205,000 to $335,000, which is well below the Perth metro median house price of $525,000.”
According to Mr Groves, South West WA also offers investors lifestyle choices to suit almost every need.
“Whether you’re looking to live near the beach, prefer a rural secluded lifestyle or would rather live near a vibrant, fast-growing and modern town like Bunbury, there is lots of choice available at very affordable prices,” he said.
“Not to mention planned investment in the South West is strong with sizeable infrastructure developments currently either under way or in the works. Specifically, the Busselton Airport terminal expansion will prove to be integral in supporting the region’s tourism industry, while also helping to drive further growth in the region.”
REIWA councillor Joe White agreed with Mr Groves, calling the majority of the 10 suburbs “hidden gems”.
“Withers and Usher for example, ranked two and six on the list respectively, are both located on the coast. West Australians love to live on the coast; to be able to buy a property that is close to the beach for $300,000 or less is simply unheard of in the city,” Mr White said.
“I suspect in the coming years, Withers and Usher will grow in popularity as buyers begin to discover the full extent of their superb geographic locations. With their proximity to the Bunbury CBD and sporting facilities, infill redevelopment will change the perception of these locations as the benefits of this redevelopment radiate out from the town centre.”
The 10 most affordable suburbs and their median house prices of the year to April 2017 are as follows:
- Collie – $205,000
- Withers – $237,500
- Manjimup – $248,750
- Carey Park – $267,500
- Harvey – $270,000
- Usher – $300,000
- Eaton – $323,500
- Donnybrook – $325,000
- Glen Iris – $330,000
- Bridgetown – $335,000
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