The West Australian

Perth is officially the most affordable capital city to buy a block of land.

After being usurped by Adelaide last year, Perth is once again a bargain-hunters’ dream, with a median new land price of $228,000.

This compares to an eye-watering average price of $716,381 in Sydney and $382,125 in Melbourne and is a staggering 42 per cent lower than the combined capital city average of $391,546.

To read the article in full, including comments from UDIA WA CEO Tanya Steinbeck, click here. To read UDIA’s 2023 State of The Land report, click here.