LAND in Perth is amongst the cheapest in the country according to the latest data from the Urban Development Institute of Australia (UDIA WA).






The average price of new residential land in Perth was $225,578 in the September quarter, down 2.3 per cent on the previous quarter and 3.9 per cent over the year.

It was cheaper than Melbourne, Sydney and Brisbane and on par with Adelaide.

“The new land market in Perth has seen significant price reductions in recent years,” UDIA WA chief executive Allison Hailes said.

“Given current market conditions, there are some very affordable house and land packages available to buyers.”

While the current downturn has lasted longer than expected, Ms Hailes said there was a light at the end of the tunnel.

“The State of the States report released by CommSec today shows that while WA’s economy has been one of the worst performing, there are green shoots emerging that are reflected in mining activity and growing full-time employment,” she said.

Perth’s northern regions, including the cities of Wanneroo, Swan and Joondalup, continued to attract the largest proportion of new home buyers.

The average price of land in the September quarter in the City of Wanneroo was $217,861 and $234,518 in the City of Swan.Perth land prices among cheapest in Australia.

If your looking for value in terms of blocks, now is the perfect time as many Estates have heavily discounted land. First homebuilders has access to hundreds of discounted blocks.