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I replied to another post on here about area's in Perth which is probably worth you looking at too, with info about median house prices etc.
The one thing that strikes me though is $70K is not a huge salary in Perth - depending on which source you look at house prices can be higher than Sydney.
If you want to be close to the beach then Secret Harbour comes to mind - we were looking at that with only DH working (on $70K!) - it's a fair commute to the CBD, an hour I'd say so in the end we decided I'd work too and we'd live much closer (& therefore more expensive!)
Rent in SH is around $300 a week & $400-500K would buy you a lovely house. It is difficult to judge the schools as they are fairly new but the Comet Bay HS, has a Gifted and Talented programme which is a good sign.
We also looked further North at Brightons/Bultler (not so close to the beach but prob only a 5-10 min drive) but SH had a nicer community feel about it.
Good Luck
Jules
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