Look beyond Perth for WA property

By Kevin Kelly

Finding your ideal property in Western Australia shouldn't be too difficult, especially when there are so many excellent cities to choose from.

However, if you're hoping to get the most out of your money it may be worth looking at real estate in Australind, especially as the state capital is experiencing rising property prices.

Real Estate Institute of Western Australia (REIWA) data shows a growing number of Perth suburbs are seeing property sales valued over $1 million, which is likely to put them out of reach for some people.

President of REIWA David Airey noted how 6.7 per cent of house sales fell into this price bracket in 2012-13, while 3.4 per cent of apartments were valued in excess of $1 million.

"Current Landgate data shows that sales of between $1 million and $2 million dollars accounted for 8.2 per cent of houses and 3.4 per cent of apartments, which pulled many more suburbs into the million-dollar club," he said.

The median price of a house in Perth stands at $540,000, REIWA revealed, while units and apartments are valued around $450,000.

Figures from RP Data put the price of a unit in Australind at an average of $325,000, or you can expect to pay in the region of $381,000.

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