A drop in interest rates and reduced property prices had renewed first home buyer confidence across the nation.

Real Estate Institute of Australia figures show that in September the number of first home buyers increased to 16.4 per cent compared to 15.4 per cent in August.

Mr Gardiner moved into his Eaton home over the weekend and said he was fed up with paying rent each week.

“With the low prices at the moment it’s a great market to get into,” he said.

“And who knows how long they will last.”

Mr Gardiner bought his home through Harcourts Real Estate and said he was still revelling in owning his own home.

“It’s such a great feeling to come home and know you’re walking into your own house,” he said.

“People would be crazy not to jump at the chance.”

In Bunbury there were 825 sales across the September quarter and the median price stayed steady at $365,000.

Suburbs Withers and Carey Park have also made the state’s top 10 cheapest suburbs list.

Property experts put it down to a demand for cheaper properties from first home buyers.

Real Estate Institute of WA South West representative Roslyn Ierace said first home buyers were essential in the property market.

“They are the bread and butter of the market,” she said.

“Especially from where the market has been lately this quarter has been really good.”