One of the big factors to consider when buying an apartment in Perth is the commute that bookends the working day.
With its 145km of coastal sprawl between Yanchep and Mandurah, Perth is often described as being a Los Angelean city and while a State Government plan will ultimately see activity centres dispersed throughout the metropolitan area, the CBD will still be the biggest employment centre.
So, what’s a minute spent commuting by train through Perth’s metropolitan area worth to apartment buyers?
To find out, Colliers International mapped data from the Real Estate Institute of WA for the median price of apartments in suburbs along the Midland, Butler, Mandurah, Armadale and
Thornlie train lines.
Using Perth as the final destination, we divided the dollar amount of a median priced apartment for the suburb nearest each station by the time it took to get to Perth’s train station,
to arrive at a cost-per-minute figure.
Not surprisingly, buying a home close to the city costs more but gives you the benefit of a shorter commute and in most cases, access to a better array of amenities.