Cost of living in Perth balloons, housing still affordable

Font size :
Perth has emerged to be one of the world’s most expensive places to live, where a bottle of water is pricier than the tourist-magnet Paris.
 
New figures have revealed that residents are still paying a lot at cash registers even after the mining boom, The West Australian reported.
 
Perth also edges places such as Washington, Singapore and Boston in terms of cost of living, while only isolated Darwin is more expensive.
 
A website called the Numbeo compiles prices for goods and services from hundreds of cities. Its latest update for 2015 found Perth expensive in everything from soft drink to utilities and cars. The area also provides the most expensive cigarettes and cinema tickets.
 
On a global scale for pre-paid mobile phone use, Perth lands on the sixth most expensive spot.
 
Even a three-course dinner for two is most expensive in Perth than the rest of Australia. It’s in the top 20 worldwide.
 
If there is anything at all that is becoming cheaper for Perth residents, it is their housing costs.
 
Numbeo’s figures, which were backed by the Real Estate Institute of WA report, saw a $5000 drop in the median house price in Perth over the past three months to $545,000.
 
 
 

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Sep 20, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords