Perth-Canstar
Canstar has released a report revealing the best suburbs in Australia for first home buyers. Image – Canva
  • Canstar's latest report reveals the best suburbs for first home buyers
  • Perth is the best capital city for first home buyers according to the report
  • Armadale, Butler and Gosnells top the list for Perth

First home buyers in Perth are looking at some of the most affordable options in the country according to a new report published by Canstar that identified the best Bright Starters suburbs.

The research took into account price, only considering suburbs in Perth with median prices lower than $440,000.

Canstar’s Editor-at-Large, Effie Zahos, explained that the research took a common-sense approach. The report shows how long it would take to save a deposit for an
entry-level property rather than a more expensive median-priced option.

“Of course, being able to afford a property is only one part of the buying equation – where to buy is just as important.”

Effie Zahos, Canstar Editor-at-Large

“These suburbs not only meet our objective of being affordable but have strong prospects for growth based on five key metrics – sales volumes, price growth, vacancy rates, infrastructure and proximity to work and amenities.”

For suburbs on this list, the average time to save for a 10% deposit plus stamp duty is three years and eight months for a single income. This is based on ABS Personal Income data for Perth and the assumption that 20% of after-tax income is saved each month.

For a dual-income, it only takes a year and eight months.

Buying a property in Perth has a stamp duty rate that is quite low by national standards at just $433, making it even more attractive to first-time buyers. For those eligible, first home buyers can sometimes avoid stamp duty all together if the property is valued under $430,000.

The best suburbs in Perth for first home buyers

Suburb Median price 1-year growth Median rent Initial outlay (10% Deposit) Time to save (Single income) Time to save (Dual income) Monthly repayment+
Armadale 275000 0.31 320 27913 2 yrs & 6 mths 1 yr & 3 mths 1109
Butler 390000 0.07 390 39433 3 yrs & 7 mths 1 yr & 9 mths 1579
Gosnells 325000 0.14 340 32933 3 yrs 1 yr & 6 mths 1310
Kelmscott 350000 0.1 340 35433 3 yrs & 2 mths 1 yr & 7 mths 1417
Medina 275000 0.28 340 27913 2 yrs & 6 mths 1 yr & 3 mths 1109
Midland 310000 0.07 350 31433 2 yrs & 10 mths 1 yr & 5 mths 1250
Parmelia 295000 0.23 350 29913 2 yrs & 8 mths 1 yr & 4 mths 1189
Port Kennedy 395000 0.12 400 39933 3 yrs & 8 mths 1 yr & 10 mths 1599
Rockingham 420000 0.1 380 42453 3 yrs & 10 mths 1 yr & 11 mths 1700
Westminster 380000 0.16 350 38433 3 yrs & 6 mths 1 yr & 9 mths 1538

~~

10 best suburbs in Perth for first home buyers

1.  Armadale

2.  Medina

3.  Parmelia

4. Midland

5.  Gosnells

6. Kelmscott

7. Westminster

8. Butler

9.  Port Kennedy

10. Rockingham

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