Aussie has recently partnered with CoreLogic to create a report on the most affordable suburbs in Australia, and the results show there is great diversity in housing prices across our country.
At one end of the pricing spectrum are the exclusive inner city suburbs of Sydney and Melbourne, where the typical house value is greater than $4 million, while at the other is Tasmania where regional houses are priced at less than $100,000.
The good news is Australia’s diverse property market presents opportunity for many buyers to enter the market at differing price points. The challenge is that many buyers are likely to be seeking an affordable home close to the CBD, where prices are higher.
As with all property purchases, buyers need to evaluate their purchase based on their level of deposit and ability to repay the loan. It is important to look in areas where your finances can manage the mortgage and the effect of any possible lift in rates.
For the right advice, talk to an Aussie Mortgage Broker who can provide you with local expertise before you undertake a life changing investment.
View the full report here.