Affordability is the best medicine
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.”