2021 Perth House Price Statistics
Buying or selling an established house in Perth? You still need to know market rates for house prices in Perth and your suburb of Perth. This web page gives a 2021 estimate of median house prices in Perth. More exact, up-to-date, detailed Perth house price statistics can be gotten:
- Free from Perth property valuation specialists listed at propertyvaluationperth.com
- For a small fee we’ll pay for a detailed report of the sales of houses in your area of Perth.
ABS 2021 HOUSE PRICES PERTH WESTERN AUSTRALIA COMPARED
Australian capital city house price surged an average of 3% in previous 3 month to early 2021 according to the ABS. Get the latest ABS Perth house price stats.
Population growth, low-interest rates, expats returning to Covid free WA and government new home building incentives, leading to shortages of building materials and builders, have pushed up demand/price of housing.
Cost of Established Houses in Perth Compared to Building a New House in Perth
The 2020 average cost of building a new house in Perth is about $1,000 per square metre. Add to that the cost of buying a block of land for sale in Perth. That depends on the location/supply and demand. Perth property developers and new home builders in Perth work in selling house and land packages in Perth.
NEW HOUSE AND LAND PACKAGE PRICES PERTH EXAMPLES
One hour’s drive south of Perth, a new house on 300 square metres of land costs about $360,000.
An hour’s drive north of Perth near the coast, house and land packages cost about $400,000 for 400 square metres. Ie house and land package cost in Perth north at approx $1,000 per square metre or more depending on the quality of the build and location.
At the time of writing in 2020 my wife is buying a 58-year-old house on 360 square metres of land for $350,000, 6km from Perth’s CBD. Compare buying the new house and land package prices, described above, with buying an existing old house and land 6km from the Perth CBD at about $1,000 per square metre.
NEW Vs OLD HOUSE PRICE BUYING SUMMARY
You can buy a new house one hour’s drive from Perth or an old house near Perth for the same price.