By Aussie franchise owner Corey Brennan in Hobart.
At the beginning of the week the RP Data sent out a great message to all us out casters down in Hobart that if your struggling with housing affordability, come to Tasmania.
The report has compiled a list of Australia’s most affordable capital cities and suburbs and Hobart comes out on top.
Our overall median house price is $342,000 – a steal compared to Sydney which at, $572,000 is still the nation’s most expensive real estate.
Hobart is also the only capital city to have any suburbs with a median house price under $200,000 and the cheapest of those are in Gagebrook. The trade off? A 16 kilometre drive into Hobart CBD!
The author of the study observes the narrow geographic distribution of the cheap suburbs in most of the major cities: In Sydney, all five cheapest suburbs are in Blacktown; in Adelaide the bargains are all around Playford; and in Melbourne many are in the Melton area.
You have to be a castaway to enjoy Brisbane’s cheapest which are all on Islands!
However, I thought the most disturbing findings come from Darwin, Perth and Canberra. Where there are no suburbs with a median price under $350,000.
The report says these results suggest that there are still opportunities to purchase relatively affordable properties in most cities. Just not in Darwin, Canberra or Perth and not if you don’t want to live on an Island or 40 kilometres from your work in the CBD.
But there’s always Hobart!