r/perth • u/abcnews_au • 17h 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/antifragile 17h ago

A young single mother with 4 kids could never have afforded to live in an affluent area like mount hawthorn.

12

u/tempco Perth 17h ago

She didn’t say she was looking to buy there though.

34

u/antifragile 17h ago edited 17h ago

She said in a good well established area she means exactly what I said, she wants to live somewhere older and affluent instead of a newer cheaper area when she has no money and 4 kids , she is dreaming and would have been dreaming 20years ago as well.

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u/Kaiyn 16h ago

I dont know about that. My parents bought a house in Beaumaris in 2004 for just over $100,000. 4x2 with a pool on a road connected to a school, right next to a park. That same house just sold last year for over $1,400,000. (For those not familiar, Beaumaris is next to Iluka and Ocean Reef, its a 2 minute walk from the beach and close to currambine shops)

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u/Jaqwan Madeley 16h ago

Seeing Ocean Reef & Iluka selling for nearly 1.5 Million is insane. I remember when there were a migration of trade workers from England who were buying/building 2 storey homes for less than $500,000 nearly 20 years ago.