Regional real estate bargains: five centres where you can live like a king


Northam’s median house price is just $245,000.
Northam’s median house price is just $245,000.

REAL estate experts are urging people to look outside the metro area to score some property bargains.

Although regional WA out-performed metropolitan Perth in terms of house price growth in the March quarter, there are still some great bargains to be had.

Perth’s median house price is $520,000, a good deal higher than Bunbury’s $395,000 and Mandurah-Murray’s $390,000.

And that number is more than double Northam’s median house price of $245,000.

But those figures are climbing.

Bunbury’s median house price rose by a whopping 5.6 per cent in the March quarter, and Northam’s was up by 4.3 per cent compared with stagnant Perth prices.

Jim Sangalli, state manager of Elders Real Estate, said regional centres were becoming increasingly attractive for investors and those seeking a sea or tree change.

“Esperance, Bunbury, Northam, Merredin, Geraldton – these bigger centres where there’s lots of infrastructure, in particular, are attractive,” Mr Sangalli said.

So here are our picks for the five regional centres to look for a housing bargain.

Northam

This four-bedroom home is a stone’s throw from the Avon River, Northam Hospital and the train station. All for the less-than princely sum of $238,000.

Esperance

A five-bedroom, two-storey residence with water views for a touch over half a million dollars? Yep.

Moora

This beautifully renovated character home in Moora could be yours for between $230,000 and $260,000.

Bunbury

A townhouse with an ocean view for $369,000. Where do we sign?

Albany

This well appointed 2010 home in McKail, just north of Albany, has an asking price of $468,000.