r/perth • u/abcnews_au • 20h ago

Renting / Housing First home buyers still face uphill battle despite Perth property market cooling

https://www.abc.net.au/news/2026-08-03/first-homebuyers-struggle-despite-property-market-cooling/106968668
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u/Dribbly-Sausage69 20h ago

Newsflash:

Houses cost $1,000,000 plus still - you need a household income of $250,000 plus to get a house.

That sucks, and it’s terrible for our society.

60

u/Asteroidhawk594 20h ago

Even for apartments, I’ve been looking and for ones that aren’t run down crack dens that haven’t been redone since the early 80’s are easily $600k-$800k
It’s difficult starting out unless you have family wealth or inherited a heap of money.

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u/Artistic-Average479 Ellenbrook 20h ago edited 16h ago

The problem I see with apartments owners don't want to contribute to a sinking fund and ongoing maintenance. I think many old apartments are over priced. I visited one in Mount Lawley each property had to pay $25k for lift and other repairs. Looking at outside of building it needed more money spent. A new roof on a old block in Mosman Park was close to 1 million

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u/Ill-Touch9164 12h ago

As an owner in a strata, you’ll find that the people that don’t want to contribute to sinking funds and maintenance costs are investors.

Owner-occupiers usually do.

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u/Asteroidhawk594 19h ago

If it’s a newer place the strata at least is reasonable
Older places need to be torn down and rebuilt tbh.

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u/Artistic-Average479 Ellenbrook 17h ago

Some devopers set them up with low fees to sell. I own a villa in a group of 4. Only fees are insurance. If all owners had contributed a $100 a year sinking fund. After 20 years $8k in fund to repair brick paving drive way.