We reveal the entry-level property values in Australia’s most affordable suburbs. Here’s what you could pay for a new home.
South-east Queensland’s “Golden Triangle” – stretching south from the Sunshine Coast to the Gold Coast and west to Toowoomba – has been earmarked as Australia’s next property hotspot.
If the final quarter of 2015 is anything to go by, the housing market in 2016 is likely to see softer conditions and potentially some improvement in affordability as values slip lower after three and a half years of strong growth.
While the price of property seems to go ever upward, buyers can still find a home for $250,000 if they are realistic about what to expect.
Within 20 kilometres of Hobart, 17 of the top 20 most affordable suburbs have a median house price tag under $300,000.
In our new report compiled with CoreLogic RP Data, we discovered that the north of Canberra and Queanbeyan regions have the most affordable houses within 20 kilometres of Canberra’s CBD.
Despite the 5.2% fall in home values over the past 12 months, property in Darwin still comes at a price. To help you navigate the property market, we partnered with CoreLogic RP Data to find the most affordable suburbs.
The most affordable apartments within 20 kilometres of Adelaide are also in the City of Salisbury, with the top two suburbs of Salisbury and Paralowie both having a median value of less than $200,000.
For units, Perth’s most affordable suburbs are geographically spread across the city’s outer edge presenting a good range of location options for budget conscious buyers.
SMSF has practically become a new buzz word in property, but there’s a whole lot more you need to know before jumping in. Short for Self Managed Super Funds, SMSF works differently to regular property investment.