Af­ford­abil­ity is the best medicine

The West Australian - - NEWS -

As a doc­tor train­ing to be­come an or­thopaedic sur­geon, El­lie Houghton hardly fits the bill of some­one who would be un­able to get into the prop­erty mar­ket.

When she com­pletes her course and starts work­ing, she will be among the best paid pro­fes­sion­als in the coun­try, able to find em­ploy­ment wher­ever there is a hos­pi­tal.

But even with those ad­van­tages, the na­tive Bri­ton had all but given up on buy­ing a house in Syd­ney, where she had been liv­ing un­til Fe­bru­ary. It was not un­til she moved to Perth to start the train­ing course that Ms Houghton en­ter­tained the idea of home own­er­ship.

She is now the proud owner of a two-bed­room, one-bath­room char­ac­ter home in South Fre­man­tle, which she bought for $705,000.

Although tech­ni­cally a firsthome­buyer, Ms Houghton is part of a trend of “trade-up” or “as­pi­ra­tional” buy­ers us­ing Perth’s slug­gish hous­ing mar­ket to buy into blue-chip post­codes in the west­ern sub­urbs, on the river or in the in­ner city.

“I had in my mind that I wanted to buy some­where and I was re­ally sur­prised how quickly that was able to hap­pen here com­pared to Syd­ney,” she said.

“If I was still liv­ing there I’d prob­a­bly still need at least two or three years of sav­ing be­fore I could get my own place and even then it wouldn’t be the same.”

Daniel Mercer

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