13 Best Value Perth Suburbs in 2024

🟡 Want to build your new home in Perth?

🟡 But not sure how to choose the right location for your new home?

🟡 Wondering which suburbs are best and feeling overwhelmed by all the options available?

Don’t worry, you’re not alone!

Perth’s housing market has been booming lately, with prices on the rise. But don’t let that scare you off. Now is actually a fantastic time to invest in your piece of real estate.

Don’t get overwhelmed by all the choices. With our up-to-date guide, you’ll feel confident in making the right decision for your future home.

PDCD Homes understands the importance of picking the perfect location for your new home. With our industry insights and local expertise. We are here to make the new home building and property investment process easy for you.

To help you navigate through the options. We have carefully curated a list of the 13 Best Value Perth Suburbs for building your dream home. These suburbs offer not only affordability but also great potential for growth and value in the future.

Stick with us as we uncover the top suburbs in Perth to watch in 2024.

Explore Affordable Perth Suburbs | Your 2024 Investment Guide

Investing in Perth’s property market can be a smart move in 2024, thanks to two key factors:

The city’s booming resources sector
Its growing population

Many suburbs in Perth are set to increase in value in 2024. However, many of these are high-end areas that may not fit within every investor’s or first-time home buyer’s budget.

Here, we’re focusing on affordable neighbourhoods that offer great potential — these are the lesser-known areas and prospects.

All these suburbs come with

Attractions for families
Easy access to highways
Transportation options for commuters
Additionally, they offer a strong demand for rental properties.

So, let’s explore these promising Perth suburbs that offer both affordability and growth potential for investors and new home buyers in 2024.

Best Value Perth Suburbs 2024 | 13 Top Suburbs To Invest In Perth

Suburb #1: Brabham

Brabham, just a short drive (about 21 km) northeast of Perth’s main CBD area is a lovely spot in the City of Swan. It became its own place in May 2011 and is not far from Henley Brook.

Brabham has around 3,300 people living there. And it’s become even more popular in the last year, with real estate prices going up by 8.5%.

The average home costs about $445,000. Which is pretty useful for the area.

This suburb is close to the famous Swan Valley and Whiteman Park and is super green and eco-friendly. Brabham even got a special 6-star rating for being so eco-conscious. And there are big plans to make it even better with the Metronet project.

Brabham is growing fast, making it a great option for your first home. Surrounded by nature, it’s perfect for outdoor lovers who enjoy hiking, biking, and exploring. And with neighbouring places like Ellenbrook and Midland. You get everything you need close by. And don’t forget about the famous Swan Valley wine region.

With 15 parks in a 6.5-square kilometre area. Brabham is a good choice for families, couples, young people, and city workers. It’s close to shops, schools, and the city, making it perfect for anyone looking for their first home sweet home.

Suburb #2: Camillo

Camillo, a suburb in the southeast of Perth, is part of the City of Armadale and used to be a part of Kelmscott until 1978.

Camillo, with a population of about 4,000, is known for its affordable housing options. If you’re thinking of investing here.

The median house price is around $265,000.
It usually takes about 46 days to find a tenant for your property.
With a rental yield of 5%, you can expect a weekly rent of around $273.

Camillo offers a suburban lifestyle just 23 kilometres from Perth CBD. It’s well-connected to the Perth city centre by public transport. Which makes it popular among those working in the city. It is close to the beautiful Araluen Botanic Park, making it a top pick for families.

In Camillo, you’ll find a friendly community atmosphere, with easy access to essential facilities like schools, shops, and parks. Whether you’re starting a family or starting fresh on your own, Camillo offers affordability, convenience, and a promising future for first-time homebuyers seeking a feel-good suburban lifestyle near the city centre.

Suburb #3: Ellenbrook

Ellenbrook, a charming suburb northeast of Perth, offers great value for first-time homebuyers. Surrounded by green spaces and parks, it’s perfect for families. With schools, shopping centres, and sports amenities, it’s a vibrant community.

The suburb has 678 houses for sale at a median price of $450,000.
The houses spend about 21 days on the market when put up for sale.
Rental yields for units are good at 7.21%, with a weekly rent of $390.
The median property valuation is $510,000, with a low vacancy rate of 0.4%.

The upcoming Ellenbrook train station in 2024 will improve commute and connectivity. Nearby, Satterley’s Clementine, Upper Swan community offers a mix of rural and urban living.

Ellenbrook promises affordability, natural beauty, and potential growth, making it an ideal choice for those looking to buy their first home.

Suburb #4: Orelia

Orelia, a suburb in Perth’s south, has a rich history dating back to 1829 when the ship Orelia brought settlers to the area. Since its development in 1952, Orelia has grown rapidly. But homes here are still quite affordable.

Averaging around $350,000.
With rent at about $457 per week.

The real estate market in Orelia is booming, with rental and sales rates increasing by around 20%. Homes sell fast, usually within 6 days, and apartments take about 9 days. Rental yields are high, and there are few vacant properties.

With its proximity to industrial areas and easy access to trains to Perth CBD, Orelia is attractive for work and commuting. Plus, it has great local amenities.

Despite prices going up slightly, Orelia is still one of Perth’s cheaper suburbs, with a median house price of $275,000. With ongoing developments like lithium projects, the suburb is expected to grow even more, making it a good choice for first-time buyers and investors.

Suburb #5: Eglinton

Eglinton is known for its beachside living and outdoor spaces. Eglinton, just north of Alkimos, offers a coastal lifestyle with parks, beaches, and dining spots.

Families love its parks and open areas. Plus, living here means easy access to schools and shops nearby. The suburb’s location next to Alkimos and Yanchep is convenient.

Currently, Eglinton has 164 houses for sale, priced around $527,000 on average.
Last year, 147 houses were sold, usually taking only 12 days to sell.
For investors, rental houses in Eglinton earn about a 5.68% yield.
With an average rent of $600 per week. The market is growing steadily.

Eglinton covers about 15 square kilometres, with seven parks making up a big part. The population has grown a lot. Almost doubling from 2011 to 2023, with steady growth each year.

For those looking to buy their first home, Eglinton is a good choice. Its beachside charm and growth potential make it appealing to new buyers wanting a relaxed lifestyle with promising future value.

Suburb #6: Aveley

Aveley, in the Swan Valley, is a great place to live. It’s close to fantastic dining and wineries, perfect for a luxury lifestyle. Families and young couples will love the parks, schools, and cafes nearby.

With a population of 10,172, many people call Aveley home, with some renting.

Houses here cost around $549,000 on average, going up by 16.80% in the past year and 24.34% in two years.
Renting a house in Aveley can earn you about $600 per week, with a rental yield of 5.68%.
If you’re thinking of investing, know that houses are selling fast, usually within 60 days.

Aveley’s appeal goes beyond numbers. It’s a place with a lot of potential, from its beautiful scenery to its convenient facilities.

For first-time homebuyers, Aveley offers a welcoming community and a promising future.

Suburb #7: Banksia Grove

Banksia Grove is a great place to live for families. It has everything you need nearby, like shops, schools, and cafes. Plus, it’s not far from Joondalup’s city centre. Getting around is easier now with road improvements.

If you’re thinking about investing, keep the following information in mind.

There are lots of houses for sale, priced around $525,000 on average.
They sell quickly, usually within 8 days.
Rental properties here can earn you about $600 per week, with a good growth rate.
Most families live here, and they usually pay around $1800 – $2399 a month for their homes.

Banksia Grove is growing fast, with more people moving in every year. Many people work in trades. It’s a friendly place with lots of homeowners, offering stability and potential for growth.

If you’re looking for your first home, Banksia Grove could be a great choice.

Suburb #8: Treeby

Treeby, a new suburb in the City of Cockburn, is gaining popularity because it’s affordable and family-friendly.

With 117 houses for sale, the average house price is $675,000, growing steadily at 9.85% yearly.
Houses here sell fast, usually within 9 days.
For investors, Treeby offers rental yields of 5.14%, with an average rent of $680 per week.
In the last quarter, houses have grown by 4.01%, promising good returns.

Spread across 8.3 square kilometres, Treeby has 5 parks, covering nearly 19.1% of the area. The population has grown by 49.2%, with many young adults aged 20-29. Most families in Treeby are couples with children. Many residents work in professional jobs. With many homes owned by residents.

Treeby offers stability and potential for growth, making it an appealing choice for first-time buyers.

Suburb #9: Madora Bay

If you’re looking for a beachside home, Madora Bay is the place to be. Just a short drive from Mandurah, this suburb offers stunning beaches and all the facilities you need nearby.

For investors, Madora Bay is a good choice.

The average house price is $657,500.
Houses here sell pretty quickly, usually within 19 days.
There are 139 houses up for sale in Madora Bay.
You can expect rental yields of 5.05%, with an average rent of $630 per week.
House prices have been going up steadily, showing growth of 4.03% over the past year.
Most families in Madora Bay are homeowners, paying around $1800 – $2399 per month for mortgages.

Madora Bay has lots of green spaces, with 12 parks covering almost 14.3% of the area. The population has grown by 57.8% in recent years, mainly in the 40-49 age group. Many work in trades.

With its growing population and beachside charm. Madora Bay is a great place for first-time home buyers to consider.

Suburb #10: Harrisdale

Harrisdale is a great suburb that’s getting more popular. Families love it because there are lots of parks, playgrounds, and places to ride bikes. You can find good schools nearby, and even Murdoch University is not too far away.

If you’re thinking about investing, Harrisdale is a good choice.

The price for a house is around $658,000.
They sell pretty quickly, about 9 days on average.
Right now, there are 213 houses for sale in Harrisdale.
Many families live here, paying around $1800 – $2399 a month for their mortgages.
You can rent out houses here and make about 4.97% on your investment, with rent going for about $680 per week.
House prices have been going up too, by about 3.46% in the last few months and 11.53% in the past year.

Harrisdale is getting bigger, with lots of parks covering about 26.3% of the area. More people are moving in too, especially those between 30 and 39 years old. It’s a nice and lovely community to live in.

Suburb #11: Catalina Estate (Mindarie)

Catalina Estate in Mindarie has three parts:

Catalina Beach
Catalina Central
Catalina Grove

Catalina Beach is by the coast between Burns Beach and Mindarie. Catalina Central and Grove stretch toward the Mitchell Freeway. Living here means having everything nearby and close like train stations, schools, and shops.

Mindarie, part of Western Australia’s Wanneroo Region, is home to about 7,522 people. Many residents rent their homes.

The median house price is $800,000, going up by 5.68% in the past year.
Renting out houses here can earn about $795 per week.
Selling houses might take around 105 days to 176 days.

Living in Catalina Estate offers a mix of coastal living and urban convenience, making it a great choice for those seeking a relaxed lifestyle with easy access to multiple services and facilities.

Suburb #12: Wellard

Wellard is a suburb where you don’t have to wait for new facilities to be built; everything you need is already here. From train station to beautiful parks and shopping centres, it has it all.

Plus, it’s just a quick 30-minute train ride to the city. So, you can enjoy the best of both worlds – urban convenience and natural surroundings.

Despite being the high-priced suburb in the City of Kwinana, In the past two years, sales activity has doubled, indicating its growing popularity. Families will find plenty of schools, parks, and local shopping centres nearby.

Wellard offers great value with a median house price just above $400,000.

One of the key attractions of Wellard is its strong sense of community, making it an ideal place for young families to settle down. With its location and promising growth trends, investing in Wellard offers not just a comfortable lifestyle but also the potential for long-term value increase. Whether you’re commuting to work or raising a family.

Wellard has all the conveniences and charm to make it a desirable place to call home.

Suburb #13: Forrestfield

Forrestfield is a busy and developed suburb with facilities like gyms, shops, schools, and doctors nearby. It’s good for people who like a mix of city and country life. And it’s close to big job areas like the Perth Airport.

You can find a variety of homes here, like

Apartments
Attached houses
Stand-alone houses

It’s only a short drive from the city, and there are lots of fun things to do nearby, like exploring the lovely Darling Ranges. The suburb is getting more popular, with more homes being sold and fewer empty ones.

Houses in Forrestfield cost around $400,000
They give back about 5.02% of their value in rent each year, which is pretty good.

Forrestfield is growing because of new projects like the Airport Line. This means more opportunities for everyone, from better schools to more jobs.

With its convenience, natural beauty, and promise of growth, Forrestfield is a great place to consider for your new home.Top of Form

Buy Your Future New Home with PDCD Homes

Looking for a new house?

Want to turn your homeownership dreams into reality?

PDCD Home Builders Perth can help. As new home builders in Perth, we can bring your dream home to life.

When choosing a builder, look for the best home builders in Perth. Display homes Perth showcase different designs. Whether you prefer single-storey or double-storey homes, Perth builders have options for you. If you’re interested in a single-storey design, consider single storey home builders.

If you want something unique, consider custom home builders Perth. Perth home builders offer a variety of options to suit your needs. As Luxury home builders Perth, we specialize in high-end properties as well.

Let’s start building your future together.

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13 Best Value Perth Suburbs in 2024 | Build Your New Home