{"id":2260,"date":"2024-09-12T17:25:53","date_gmt":"2024-09-12T07:25:53","guid":{"rendered":"https:\/\/anp-au.com\/?p=2260"},"modified":"2024-09-17T13:17:45","modified_gmt":"2024-09-17T03:17:45","slug":"2024affordablesuburbs","status":"publish","type":"post","link":"https:\/\/anp-au.com\/en\/2024affordablesuburbs\/","title":{"rendered":"Looking for affordable housing within 25km of Australia's major cities?"},"content":{"rendered":"

According to the latest data, despite Australia's continued rapid housing price increases, relatively affordable three- and four-bedroom family homes can still be found in suburban areas 8 to 25 kilometers from the city center. Don't miss out if you're looking to buy property in Australia!<\/p>\n\n\n\n

According to the latest data from PropTrack's Residential Price Index for August, house prices rose by 0.31% in the month, marking the 20th consecutive month of price increases. Over the past 12 months, house prices have risen by a total of 6.41%.<\/p>\n\n\n\n

Capital city price growth continues to outpace regional markets, a trend that has persisted for a year, driven primarily by residential property prices. Capital city home values are, on average, 6.8% higher than in August 2023, while regional values are 5.4% higher. This reflects strong buyer demand for homes in metropolitan areas.<\/p>\n\n\n\n

With competition for property becoming increasingly fierce, finding affordable property in Australia\u2019s major cities is becoming increasingly difficult. However, there are still some suburbs that are relatively close to the city centre and still offer competitive prices.<\/p>\n\n\n\n

To identify these locations, experts analysed areas within the second ring road (the closer two-thirds of the city centre) and found the cheapest three- and four-bedroom homes.<\/p>\n\n\n\n

The cheapest areas for three-bedroom apartments in the second ring<\/h2>\n\n\n\n
area<\/th>capital city<\/th>Median transaction price<\/th>Distance from city center<\/th><\/tr><\/thead>
Smithfield<\/td>Sydney<\/td>$985,000<\/td>12-25 kilometers<\/td><\/tr>
Fairfield<\/td>Sydney<\/td>$1,035,000<\/td>12-25 kilometers<\/td><\/tr>
Granville<\/td>Sydney<\/td>$1,058,000<\/td>12-25 kilometers<\/td><\/tr>
Dallas<\/td>Melbourne<\/td>$528,000<\/td>11-24 km<\/td><\/tr>
Coolaroo<\/td>Melbourne<\/td>$540,000<\/td>11-24 km<\/td><\/tr>
Deanside<\/td>Melbourne<\/td>$565,000<\/td>11-24 km<\/td><\/tr>
Goodna<\/td>Brisbane<\/td>$506,000<\/td>10-24 kilometers<\/td><\/tr>
Collingwood Park<\/td>Brisbane<\/td>$581,000<\/td>10-24 kilometers<\/td><\/tr>
Woodridge<\/td>Brisbane<\/td>$588,000<\/td>10-24 kilometers<\/td><\/tr>
Parafield Gardens<\/td>Adelaide<\/td>$630,000<\/td>8-16 kilometers<\/td><\/tr>
Para Hills<\/td>Adelaide<\/td>$636,000<\/td>8-16 kilometers<\/td><\/tr>
Ingle Farm<\/td>Adelaide<\/td>$651,000<\/td>8-16 kilometers<\/td><\/tr>
Midland<\/td>Perth<\/td>$460,000<\/td>10-20 kilometers<\/td><\/tr>
Balga<\/td>Perth<\/td>$517,000<\/td>10-20 kilometers<\/td><\/tr>
Kenwick<\/td>Perth<\/td>$521,000<\/td>10-20 kilometers<\/td><\/tr>
Rokeby<\/td>Hobart<\/td>$530,000<\/td>5-12 kilometers<\/td><\/tr>
Glenorchy<\/td>Hobart<\/td>$555,000<\/td>5-12 kilometers<\/td><\/tr>
Berriedale<\/td>Hobart<\/td>$558,000<\/td>5-12 kilometers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In Sydney, three-bedroom homes are most affordable in suburbs 12 to 25 kilometres from the city centre, with prices of $$985,000, $$1,035,000 and $$1,058,000 respectively. In Melbourne, three-bedroom homes are most competitively priced in Dallas, Coolaroo and Deanside.<\/p>\n\n\n\n

In Brisbane, Goodna, Collingwood Park and Woodridge offer the cheapest three-bedroom homes within 10 to 24 kilometres of the city centre, priced at $$506,000, $$581,000 and $$588,000 respectively, well below the city's median sale price of $$850,000.<\/p>\n\n\n\n

The cheapest second-ring suburbs for four-bedroom houses<\/h2>\n\n\n\n
suburbs<\/th>capital city<\/th>Median transaction price<\/th>Distance from city center<\/th><\/tr><\/thead>
Smithfield<\/td>Sydney<\/td>$1,088,000<\/td>12-25 kilometers<\/td><\/tr>
Guildford<\/td>Sydney<\/td>$1,165,000<\/td>12-25 kilometers<\/td><\/tr>
Yagoona<\/td>Sydney<\/td>$1,200,000<\/td>12-25 kilometers<\/td><\/tr>
Truganina<\/td>Melbourne<\/td>$680,000<\/td>11-24 km<\/td><\/tr>
Deanside<\/td>Melbourne<\/td>$690,000<\/td>11-24 km<\/td><\/tr>
Hoppers Crossing<\/td>Melbourne<\/td>$691,000<\/td>11-24 km<\/td><\/tr>
Goodna<\/td>Brisbane<\/td>$602,000<\/td>10-24 kilometers<\/td><\/tr>
Boronia Heights<\/td>Brisbane<\/td>$650,000<\/td>10-24 kilometers<\/td><\/tr>
Collingwood Park<\/td>Brisbane<\/td>$673,000<\/td>10-24 kilometers<\/td><\/tr>
Parafield Gardens<\/td>Adelaide<\/td>$725,000<\/td>8-16 kilometers<\/td><\/tr>
Ingle Farm<\/td>Adelaide<\/td>$740,000<\/td>8-16 kilometers<\/td><\/tr>
Valley View<\/td>Adelaide<\/td>$761,000<\/td>8-16 kilometers<\/td><\/tr>
Gosnells<\/td>Perth<\/td>$600,000<\/td>10-20 kilometers<\/td><\/tr>
Kenwick<\/td>Perth<\/td>$602,000<\/td>10-20 kilometers<\/td><\/tr>
Maddington<\/td>Perth<\/td>$625,000<\/td>10-20 kilometers<\/td><\/tr>
Howrah<\/td>Hobart<\/td>$849,000<\/td>5-12 kilometers<\/td><\/tr>
Kingston<\/td>Hobart<\/td>$863,000<\/td>5-12 kilometers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In Sydney, four-bedroom homes in Smithfield, Guildford and Yagoona, within 12 to 25 kilometres of the city centre, are the most affordable, with prices ranging from $1.1 million to $1.2 million, well below Sydney's median sale price of $1.4 million.<\/p>\n\n\n\n

Melbourne\u2019s Truganina, Deanside and Hoppers Crossing were the most affordable suburbs for four-bedroom houses within 11 to 24 kilometres, while Brisbane\u2019s Goodna, Boronia Heights and Collingwood Park offered the cheapest four-bedroom homes.<\/p>\n\n\n\n

Within 10 to 20 kilometres of Perth\u2019s city centre, four-bedroom homes in Gosnells, Kenwick and Maddington are the most competitively priced, with prices ranging from $600,000 to $625,000 for a \u00a34T.<\/p>\n\n\n\n

With interest rates remaining stable in recent months and expected to fall early next year, buyer confidence is expected to strengthen further. With the spring sales season approaching, experts estimate that rising demand will continue to drive home prices higher.<\/p>","protected":false},"excerpt":{"rendered":"

\u6839\u64da\u6700\u65b0\u6578\u64da\u986f\u793a\uff0c\u5118\u7ba1\u6fb3\u6d32\u7684\u623f\u50f9\u6301\u7e8c\u6025\u5347\uff0c\u4f46\u4f4d\u65bc\u8ddd\u96e2\u5e02\u4e2d\u5fc38\u81f325\u516c\u91cc\u7684\u90ca\u5340\uff0c\u4ecd\u7136\u80fd\u627e\u5230\u6a13\u50f9\u76f8\u5c0d\u5be6\u60e0\u7684\u4e09\u81f3\u56db\u623f […]<\/p>\n","protected":false},"author":1,"featured_media":2262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[],"tags":[],"class_list":["post-2260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/2260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/comments?post=2260"}],"version-history":[{"count":3,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/2260\/revisions"}],"predecessor-version":[{"id":2269,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/2260\/revisions\/2269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/media\/2262"}],"wp:attachment":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/media?parent=2260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/categories?post=2260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/tags?post=2260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}