The suburbs across some of Australia ’s capital cities with a median unit price under $500,000 have been revealed, offering new hope for those trying to break into the property market . The Domain House Price Report found 63 suburbs across Australia have a median price under $500,000, with the list spread across most of the major capital cities . However, it excludes Sydney and Hobart. The most affordable suburb is Osborne Park in Perth with a median unit price of $266,500, just 6km from the CBD.
The second most affordable is Glendalough, also in Perth, with a median price of $267,5000 just 5km from the city centre. On the east coast, Melbourne has a handful of suburbs where units are under $500,000. Carlton’s median price is $345,000, while Travancore is $358,500, and West Footscray is $362,500. Meanwhile, in Adelaide, there are several affordable suburbs within 10km of the CBD. Plympton has a median price of $352,500, while Tonsley prices sit at $383,500, and St Clair at $410,000
Source: News Formal (newsformal.com)
Australia Capital Cities Suburbs Property Market Median Unit Price Affordable