Finding affordable locations to buy property is essential if you're getting onto the ladder for the first time, and recent research suggests Western Australia could be just the place for this.
The September quarter Adelaide Bank/Real Estate Institute of Australia (REIA) Housing Affordability Report indicates that some parts of the country are becoming increasingly unaffordable – although this isn't the case in WA.
CEO of the REIA Amanda Lynch noted that WA first-time buyers in particular are finding that prices are within their reach.
"The moderating house price growth in WA has translated into good news for those wanting to enter the housing market with 20.7 per cent of WA's owner-occupied market now made up of first home buyers," Ms Lynch said.
She revealed that a quarter of all buyers making their first steps onto the ladder were from the state, which should give you the incentive you need to find property in Dalyellup.
National figures show the proportion of income needed to meet mortgage repayments fell 0.5 percentage points to reach 30.4 per cent during the three months to September.
With the cash rate at its all-time low of 2.5 per cent, you could find conditions in the market are just right for you to make your move.