A new report compiled by Aussie Home Loans and CoreLogic RP Data has identified the Palmerston region as having the most affordable houses within 20 kilometres of Darwin’s CBD.
The City of Darwin had 11 of the top 20 most affordable suburbs, however the City of Palmerston took the top five spots with Moulden the most affordable suburb at a median value of $471,000.
Malak is the most affordable suburb for houses within 10 kilometres of the CBD with a median value of $569,000, with the City of Darwin boasting all of the top suburbs in this list.
Meanwhile the most affordable suburb for apartments within 10 kilometres and 20 kilometres of the CBD is Wagaman, with a median unit value of $343,000.
Most affordable suburbs within 10 and 20km of the Darwin CBD, houses
Most affordable suburbs within 10 and 20km of the Darwin CBD, units
Founder and Executive Chairman of Aussie, Mr John Symond, said “Darwin posted a fall in dwelling values of almost 3 per cent over the last year and I would expect this decline to continue, which is good news for buyers looking to get into the market, especially first timers.
“Thirteen of the top 20 most affordable suburbs for units within 20 kilometres of the city are within the City of Darwin which shows that a lot of unit development has been relatively close to the CBD. This is ideal for young professionals and first time buyers who want affordability but with good accessibility to the CBD,” he added.
“There is money available for home lending, interest rates remain low and owner occupiers can still borrow up to 95 per cent of a property’s value. Our report provides a map of where the most affordable property is located, so these suburbs are a good place to start for anyone looking to buy on a budget,” he added.
Map of Darwin’s Most Affordable Suburbs within 10 and 20km of the CBD, houses
To download the full Aussie/CoreLogic RP Data Most Affordable Suburbs Report, visit www.aussie.com.au/affordable-suburbs.
Aussie’s mobile mortgage brokers and stores offer free home loan advice and pre-approvals for home loans sourced from its panel of up to 19 lenders, including the big banks. To book a free appointment, call 13 13 33 or visit www.aussie.com.au.