Hi guys,
I am an immigrant in Sydney, and don't mind moving to Perth if that's where I can afford the home only. I am moving to Perth next month.
I have been approved for $330k loan with $30k deposit so I can afford $350k home. I don't like the apartments so I am only looking for house.
Is there any suburb in Perth that I can look into to find my first home in Australia? Any recommendations and tips?
Thanks.
If it were that easy then everyone in the world would invest in that suburb and prices wouldn't be 350k. You're going to pay a lot of interest, but you're also going to save a lot on rent. Buy your house where you want to live and invest other money in shares. Apple will be worth twice as much in 10 years time, they aren't going anywhere. Plenty of companies will be worth way more than double in 10 years time. Plus you won't pay interest on the shares you buy, unless you borrow to buy them.
year back, i thought no one can replace google but now I doubt after chatGPT
so you can't be sure with Apple as well, especially in 10 years timeframe with technology rapidly changing
I know it's not easy - I am just trying every way to find the best possible place for me.
@pr0o: This what ChatGPT said:
It's great to hear that you're considering buying your first home in Perth. Given your preferences for a house over an apartment and your budget of $350k, there are several suburbs you might want to explore. Here are a few recommendations:
Armadale: This suburb offers a range of housing options within your budget. It's well-connected to public transport and amenities.
Gosnells: Another affordable option with a variety of housing types. It's known for its community atmosphere and proximity to parks.
Rockingham: If you're interested in a coastal lifestyle, Rockingham might be a good fit. It's a bit further from the city but offers beautiful beaches and recreational activities.
Midland: This suburb has been undergoing development and revitalization, making it an interesting option with good amenities and transportation links.
Wellard: A growing suburb with affordable housing options and a train station for easy commuting.
Baldivis: This suburb is known for its modern developments and family-friendly amenities.
When exploring these suburbs, consider factors like proximity to public transportation, schools (if applicable), amenities, and the overall atmosphere of the area. It's also a good idea to visit these neighborhoods in person to get a feel for the environment before making a decision.
Remember that housing markets can vary, so it's advisable to consult with local real estate agents who can provide up-to-date information on available properties and neighborhoods that align with your preferences.
Best of luck with your move to Perth and your search for your first home in Australia! If you have any more questions or need further assistance, feel free to ask.
@o53djz7qTPY4der: Shame ChatGPT doesn't tell you what you really need to know.
These would all be in the top 10 worst places to live in Perth. High crime rate, high unemployment, high government housing. Not exactly the kind of places I would wish to live or raise a family .
@o53djz7qTPY4der: Armadale and gosnells are great if you want to be stabbed, or buy some meth on a street corner.
Google Maps will answer a lot of those questions, regarding "well-connected".
Try putting in your criteria in domain and then ask any questions you may have about the suburbs.
Are you in Perth? What do you say about south east suburbs such as Camilo or Armadale?
Sorry never been to Perth.
As somebody who once made a move to another state to buy a cheap house but didn't do my research on the suburbs I will give you some advice as a local West Australian.
DO NOT CONSIDER LIVING IN ARMADALE!
Nobody who lives in Armadale is happy they live there. Number 1 worst place to live in Perth.
I mean given your budget you are quite limited in location as the house market is booming here right now but you need to research the places and ask yourself why the houses in those suburbs are so cheap compared to others…
If it was me I would wait till I'm closer to 400k budget before considering a move.
which areas do you recommend if the budget is 400 k?
@lambaus: I would probably not want to recommend any suburbs as there is too many variables. I live in the north so I am bias.
What would I recommend? Moving to the place you wish to live and spending a year there. Learning from experience to help you form your own opinions. For instance, I prefer a suburb with no public transport. As I have no need for it and it means less undesirables in my area.
I moved to Tasmania to buy a house, lived there for a year and couldn't leave quick enough. So I think its best to actually live somewhere before making such a big decision.
When buying a home I used a website that listed crimes in the area and it helped me to decide where I would feel comfortable living, i forget the name of it…but its a good starting point.
Hello @pr0o -
I think i have a bit of insight that may be able to help you - born and bred in Perth, recently built 2 houses and know Perth north of the river and south of the river. I had a very similiar budget to you in 2019 when I bought a small house for $330k. I have had friends from over east buy a home here and many of them have mindsets/beliefs which don't necessarily translate to Perth. Here goes -
It is now becoming increasingly hard to buy a house (3 bedrooms 2 bathrooms) for under $400k. Before 2021, you could find one in one of our newer suburbs on the fringes or a house with low strata fees in suburban Perth, but now, definitely hard. Even if you do find one you are happy with, you will be competing with many other home buyers or even cash buyers from the east coast/UK.
We don't have a strong auction culture here, unlike in Syd and Mel. People tend to go to a home open, give the agent an offer and then the agent chooses the best offer.
Your priority appears to be to buy in a high growth area. If you ask me, all of Perth is high growth at the moment given the need for housing everywhere, including fringe suburbs. However, I have lived here long enough to see Perth property rise and fall, and then rise further and then fall, and then rise even further and fall. Some areas get valued higher than others. Rule of thumb - closer you are to the CBD, the higher the value will be. But there are pockets that suffer from suburban stigma which don't grow in value as much (refer to point 5).
Just because you live near a train station, doesn't necessarily add value to your house either. For example, if your house is walking distance to Armadale train station, Butler train station or Kwinana train station, Perth people tend to think 'high crime' over accessibility to public transport.
Perth suffers from 'suburban stigma' even though your house, street and neighbourhood is safe and family friendly. On the flip side, some suburbs have a good name but are filled with neighbourhoods that have burglary and other forms of crime. Sometimes the name of the suburb plays a big part in the resale value of a house, more than the good attributes of a particular neighbourhood. Many eastern states people see a house for sale in Balga on realestate.com.au and think 'wow close to the city' but regret buying it sight unseen. Come to Perth first and visit the neighbourhoods you are interested in.
Perth is essentially divided into 2 - north of the river and south of the river and it sprawls really far from Two Rocks to Mandurah (google map search how long it takes to drive). People tend to stay on their side of the river for generations. Overall, Perth is not as 'segmented' as Sydney and in many ways our mindset is like that of a country town. This is a very big generalisation (and any Perth resident would agree) but UK/South Africans tend to live in the northern fringes of Perth, Asian immigrants live south of the river and Europeans love Fremantle area. In saying that, as Perth is quite flat and we don't have road tolls, it's very normal to travel to the other side of the river for work, friends or food on a daily basis, so we tend to muck in quite well as compared to Syd and Mel comparatively.
Perth house prices were falling for many years. It is not like Sydney where prices only go up.
Why are you looking only at Perth? If house price is your major preoccupation, there are a lot of places that are cheaper and wouldn't require a trip across the continent. Look up Albury-Wodonga or Wagga for examples.
Wagga
Not me.
ttps://www.numbeo.com/crime/in/Wagga-Wagga-Australia
Theres some <100k houses in Coober Pedy going….
Anywhere two hours drive from a major city.
Good luck.
No offence @OP but if you're looking for a house, I'd wait until my borrowing capacity went up a bit due to lower interest rates or higher income. You will not only have more options but also will be able to maximise the government grants, e.g. in VIC you have a 100% stamp duty waiver till $600k for a first home. I wouldn't waste mine if I anticipated a higher borrowing capacity.
OP, i'm sorry to burst your bubble but $330k isn't going to get you much, even in perth.
If you want a house, maybe Armadale - just bring a bulletproof vest.
If you're happy with a villa, maybe Bassendean, Nollamara, Tuart Hill.
Generally around $450k min is required for a house.
$330k is still apartment territory.
Can i ask, is that the maximum the bank's willing to provide, in which case i would maybe consider saving a larger deposit.
if the budget is $450k, which areas do you recommend?
Well I spent about $350k for a 800m2 in rockingham June 2022
And it’s almost $500k
Rockingham isn’t even cheap anymore. For 350k it’s very hard now
Why not consider moving to Vietnam?
Too funny!
Nearly choked on my whole rolled oats.
LOL - you should have bought the other oats
Yes real estate is dirt cheap compared to the rest of the country - but Perth real estate fluctuates very differently to the rest of the country.. its essentially based on how the mining industry is performing.
I know people who paid $400k for their home and had to sell it for $300k - unheard of over the last 2 decades in the rest of the country.
My parents house was sold in 2007 for $500k - my parents pulled the pin on the sale at the last minute.
That house probably bottomed out at being worth $325k and is now back up to around $450k.
Right now the housing market is very strong in Perth. I would honestly say its one of the riskiest places to buy if you are specifically after capital growth.
If you are after a laid back lifestyle, a high income from working on the mines and a roof over your head, then Perth is the place for you.
If I had to pinpoint a 'house' to buy that is close to your budget - go look at house and land packages near Alkimos Beach. Probably still looking at $400-$450k.
Agreed
Juat because somethings cheap doesnt mean itll appreciate.
We went backwards approx 25% from 2016 and have only just recovered
Do you have money to cover stamp duty?
first home stamp duty exemption
Advertised 12 hours ago: https://www.realestate.com.au/property-house-wa-thornlie-142…
On a busy road, which is bad, but close to shopping centre, which is good. Decent size block. Looks like it needs the carpet removed/replaced.
Advertised yesterday: https://www.realestate.com.au/property-house-wa-camillo-1428…
This one looks a bit better. Bigger block, quiet street.
Keep in mind, I've never been to Perth, so I don't know anything about these suburbs.
Just blows my mind there is property at $350k in this country, can't imagine anything a normal person would want to live in though
Worth noting too - the only train line to Armadale is closing late this year for 18 months (longer, knowing government).
They have a vague plan to replace with buses but I think things will get tricky in the near future
Should be better long term though.
As my friends have said about the suburbs near gosnells 'Like cheese, they just need time to mature a bit' lol
+The public libraries are awesome
-Crime is real but not as bad as some people think, as it often focuses on criminals
What do you do for work? Forget Perth. You'll need to head into the regions (the bush) on that money.
You might as well move to Wagga, Young or Cowra in NSW vs WA where health, education and policing is spotty outside of Perth.
IT
Dont forget stamp duty if it applies to u and WA.
Probably easier if you went onto realestate.com.au or domain.com.au and searched a house to meet your criteria, ie. region/location and price etc.