Real Estate in Perth, Australia
Last updated on Aug 13, 2024
Summary: The average cost of a nice 2 bedroom home in Perth, Australia is around $400,000 AUD, while a nice 3 bedroom home is around $500,000 AUD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and updated bathrooms. There are no restrictions on foreign ownership for properties in Perth. An expat looking to buy a home in Perth should begin by researching the local market and neighborhoods. They should also consider their budget and lifestyle needs when searching for a home. The most desirable neighborhoods in Perth include Subiaco, Claremont, Cottesloe, and Nedlands. These areas are known for their excellent schools, parks, and amenities.
How do I find a place to live in Perth?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"The best way to begin looking for a place to live in Perth is to research online. There are numerous websites specifically designed to help people find rental accommodation in Perth, such as realestate.com.au, domain.com.au, and rent.com.au. You can also find apartment and house listings in the local newspapers, or seek the services of a real estate agent who can help you find the perfect accommodation. Additionally, it is a good idea to attend local open for inspections so that you can explore the area and find the ideal place to live," said one expat who made the move to Perth, Australia.
Get Quote
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Get Quote
What is a typical expat home or apartment like in Perth?
"Most expat homes in Perth are modern and comfortable. They typically have spacious living areas, well-equipped kitchens, large bedrooms and modern bathrooms. The homes are built to withstand the intense heat of the Australian summer and have features such as air-conditioning and ceiling fans throughout. Security is a priority and many expat homes have secure gates and access control systems. Outdoor living is also popular in Perth and many expat homes have balconies or courtyards. Location is often key, with many expats choosing suburban locations close to public transport, restaurants and leisure facilities," said one expat in Perth, Australia.
What is the average cost of housing in Perth?
If you are thinking about moving to Perth, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Perth can vary significantly depending on the desired location and quality of property. Generally speaking, it is possible to find both apartments and houses for rent in Perth ranging from moderately-priced to fairly expensive. The price also depends on factors like the current market situation and the degree of amenities the property offers. Generally, a spacious one-bedroom apartment in the desirable inner-city suburbs could cost around $2,500 to $3,000 per month, while a three-bedroom house close to the city could cost at least $3,500 per month. Ultimately, the rent price depends largely on the individual tenant's preferences and budget," explained one person living in Perth, Australia, Australia.
Should I buy or rent a home in Perth?
If you have not spent a lot of time in Perth, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"If you are interested in living in Perth, you may want to consider whether you should buy or rent a home. Renting can be a great option if your move to Perth is temporary, or if your budget does not currently allow for a large down payment. However, if you plan on staying in the area for a long time and you have saved for a home, buying can be a great way to begin building equity in an area you know you will stay in for a while. Ultimately, it is important to decide what works best for your specific situation," said one person in Perth, Australia.
What do I need to know when buying property in Perth?
When we asked expats what advice they would give a foreigner before buying a property in Perth, they said:
"When buying property in Perth, it is important to research the local market and understand the current trends. It is also important to consider the location of the property, as well as the amenities and services available in the area. It is also important to consider the cost of living in the area, as well as the potential for capital growth. It is also important to consider the availability of public transport, as well as the proximity to schools, shops, and other amenities. It is also important to consider the condition of the property, as well as any potential for renovations or improvements. Finally, it is important to seek professional advice from a qualified real estate agent or lawyer to ensure that the purchase is in your best interests," wrote one expat who made the move to Perth.
Are foreigners allowed to own property in Perth?
When we asked expats what advice they would give a foreigner before buying a property in Perth, they said...
"Yes, foreigners are allowed to own property in Perth. However, they need to obtain approval from the Foreign Investment Review Board (FIRB) before purchasing any residential real estate. This process ensures that foreign investments are in line with the Australian government's policy and regulations. Once the FIRB approves the application, foreigners can buy property in Perth, either as an investment or as a place of residence. It is essential to note that there might be additional taxes and fees applicable to foreign property owners, such as the Foreign Buyers Surcharge," wrote one expat who made the move to Perth.
What appliances are typically included in a rental?
We asked foreigners in Perth what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Perth typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Some properties may also include air conditioning, a microwave, and other small appliances," explained one person living in Perth, Australia.
Additional Information about Searching for a Home in Perth:
We asked foreigners in Perth what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Perth often begin by researching the city's neighborhoods and suburbs to find an area that suits their lifestyle and budget. They may consult online resources, such as real estate websites, forums, and social media groups, to gather information and seek advice from fellow expats. Once they have identified a preferred location, expats typically browse online property listings on popular real estate websites, such as realestate.com.au, domain.com.au, and rent.com.au. These websites allow users to filter search results based on criteria such as property type, price range, and number of bedrooms. In addition to online resources, expats may also seek the assistance of local real estate agents who have experience working with international clients. These agents can provide valuable insights into the local property market and help expats navigate the rental or purchasing process. Expats may also attend open house inspections or schedule private viewings of properties they are interested in. This allows them to get a firsthand look at the property and its surroundings, as well as ask any questions they may have about the home or the neighborhood. Finally, expats may consult with their employer or relocation consultant, if applicable, for assistance in finding a suitable home in Perth. These professionals can provide guidance on housing options and help with the logistics of moving to a new country," remarked one foreigner who made the move to Perth.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Other Questions:
- What do I need to know before moving to Perth?
- How do I find a place to live in Perth?
- What is a typical expat home or apartment like in Perth?
- What is the average cost of housing in Perth?
- Should I buy or rent a home in Perth?
- What should I pack when moving to Perth?
- What cultural faux pas should I try to avoid making in Perth?
- What advice do you have for expats having a baby in Perth?
- What are healthcare services like in Perth?
- Is the cost of living in Perth high?
- Will I save money living in Perth?
- Why do people move to Perth?
- How are healthcare services in Perth?
- What are medical services in Perth like?