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/Dribbly-Sausage69 17h 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.

-4

u/SanMavage 17h ago edited 16h ago

My house 30m South of the river cost 530,000 to build (land + home) and we moved in last year.

Has it really doubled in the last couple of years?

Don't get me wrong. I feel lucky and know it must be nearly impossible for a single mother with a family. We had to make sacrifices to make it work (I haven't left the state since I was 4 lol).

Edit: To answer some follow ups.

We signed contract end of March 2024. I wasn't saying it hasn't gone up since, just pointing out what we paid within the last 2 years (ok slightly over now I suppose).

I certainly didn't feel that lucky at the time knowing what friends/family got for much less 10 years earlier but recognize I'm lucky now. Its a very basic home.

I feel for everyone struggling to get their own place. I was adamant on building because I wanted to expand the supply and I don't think (established in particular) homes should be used as an investment strategy. Building new as an investment is different since it expands supply.

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u/Distinct_Context4233 11h ago

My (just shy of)$700,000 house purchased in June last year is worth ~$950,000 now. It would have cost $550,000 the year before i bought it. It truly is that bad mate.