If you live in one of Australia’s major cities (we mostly do), it can seem impossible to find a house or unit that’s affordable and a reasonable distance from the centre. But it can be done. Here are the five most affordable suburbs for houses and units located within 20 kilometres of the CBD in Australia’s capital cities.
RP Data assembled this listing, which provides the median prices for houses priced under $450,000 and units priced under $350,000 in each capital city. Across the board, 34.8 per cent of suburbs within that 20 kilometre range and 73.6 per cent of units fall in those price brackets, so options are out there. This varies hugely by city, however.
In general, most of these suburbs are located more than 10 kilometres from the CBD. As the RP Data analysis points out, they also tend to be concentrated in particular council areas (Parramatta and Bankstown in Sydney, Hume and Brimbank in Melbourne, Salisbury and Port Adelaide in Adelaide, Swan and Gosnells in Perth; note that Brisbane has a city-wide council.)
We’ve placed the data in an interactive spreadsheet so you can sort it as you wish. Click on the column headers to sort or to filter out a specific subset; you can look only at Melbourne or only at units, for instance.
Clearly, pricing has to be placed in other contexts. Few of the locations listed here would qualify as the most desirable suburbs in their respective cities, and factors such as access to public transport and the cost of insurance need to be considered.
For a different perspective on buying property, check out this list of good locations for investors to buy. Got your own thoughts on the suburbs in this list, or other tips for good areas to buy? Share them in the comments.
RP Data [via Blog Commbank]
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