Houses ‘free’ in some Perth suburbs, claims industry specialist

“Many of these properties are found in the south-eastern and south-western suburbs of Perth,” Mr Kempton said.

“These homes are generally more than 40 years old and in original condition, meaning that the structure of the home is fully depreciated and you are buying the property for effective land value.”

Mr Kempton said that these suburbs include Armadale, where the median house price is $287,000, and Camillo, where it is $295,000.

He also said that the south-western suburbs have the largest range of “free” houses in suburbs, ranging from Calista ($300,500) to Warnbro ($335,000), and further south around Mandurah, such as the suburb of Greenfields ($293,000).

“For astute property investors and first home buyers, these older-style affordable homes represent great value for money,” Mr Kempton said.

“Many of them are still in good condition as they have been constructed with brick and tile and require just cosmetic improvements.

“The location of these older-style homes in established suburbs means that there is a high of social amenities such as pubic transport, shops and schools.”

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