Perth coastal suburbs where you can still find a home for less than $400,000

Homebuyers chasing a coastal lifestyle can still find properties within 5km of the beach for $200,000 below Perth’s median house price, new data shows.

Real Estate Institute of WA figures for the greater Perth area show Mandurah is the cheapest coastal suburb with a median house price of $320,000, compared to Perth’s median of $527,000.

In Merriwa, about 36km north of the CBD, beach lovers can also find homes below $400,000, with its median of $386,388 making it the second most affordable. Warnbro, in Perth’s south, came in third at $395,000.

While the most budget-friendly coastal suburbs are all 30km or more from the CBD, REIWA president Damian Collins said these areas were becoming more attractive to buyers, in part thanks to COVID’s impact on working from home.

“I certainly think in the medium term we will see those coastal areas roughly an hour or more away from the city become more popular simply because if you’re coming into the office two days a week, the hour-and-a-half grind each way is not too bad when you’ve got the rest of the week in a beautiful spot, near a beach,” Mr Collins said.

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