Two Perth suburbs - Bassendean and Thornlie - are listed among the property hotspots said to represent the best value in Australia. The St George Bank National Hotspots property report identified 24 suburbs based on their location, price, amenities and demographic mix. The report said the top 24 would suit investors seeking capital growth over the medium to long term. The riverside suburb of Bassendean, nine kilometres from the CBD, was 'one of the few suburbs within the inner ring which still has a median price below A$500,000 [HK$3.5 million]', according to the report. Bassendean's median house price is A$445,000, having dropped by 8.2 per cent over the previous year. Thornlie (median house price A$365,000), is 15km from the CBD. It dropped by 4.7 per cent in a year and remains 'one of the few areas of Perth where affordable houses can still be bought relatively close to the city with quality amenities'. Besa Deda, St George Bank chief economist, said savvy investors 'should ... consider areas which have not attracted the same level of attention as traditional blue-ribbon locations'.