Powered by MOMENTUM MEDIA
subscribe to our newsletter

The hottest spots for under 30s across Australia

A new study shows where Australians under 30 want to live, as well as the country’s most popular state or territory, by analysing mortgage applications.

According to research by credit scoring and information service Credit Simple, Queensland is the most popular state for mortgage applications by people under 30.

Breaking down each state and territory across January to June 2017, Queensland had 17 per cent of its mortgage applicants under 30 years old, higher than the national average at 15 per cent.

This was followed by Western Australia at 16 per cent, South Australia at 15 per cent, Victoria at 14 per cent, NSW and Tasmania at 13 per cent, the Australian Capital Territory at 12 per cent and the Northern Territory at 11 per cent.

“Strategies for young Aussies [to] get into the property market are hotly debated, with commentators regularly providing tips from reducing your avo on toast intake to advising people to get higher paid jobs,” said Credit Simple spokesperson Emily Price.

Advertisement
Advertisement

“We’re not sure about the going rate for avocados in Queensland, but it’s clear that it’s one of the best places for young Aussies to get on the property ladder. With average asking prices of $476,406 for a house in Brisbane, it’s a lot more affordable than other major cities such as Sydney ($799,000).”

The research also revealed the top five postcodes and suburbs for mortgage applications by under 30s across the country and in each state and territory:

Nationally

  1. 3029, Victoria – Truganina, Hoppers Crossing
  2. 3064, Victoria – Craigieburn, Roxburgh Park
  3. 4350, Queensland – Kearney’s Spring, Glenvale
  4. 2170, New South Wales – Liverpool, Moorebank
  5. 3977, Victoria – Cranbourne, Botanic Ridge

Queensland

  1. 4350 – Kearney’s Spring, Glenvale
  2. 4300 – Springfield, Goodna
  3. 4305 – Brassall, Yamanto
  4. 4870 – Redlynch, Earlville
  5. 4209 – Upper Coomera, Pimpama

Western Australia

PROMOTED CONTENT


  1. 6112 – Armadale, Harrisdale
  2. 6164 – Aubin Grove, Cockburn Central
  3. 6171 – Baldivis
  4. 6061 – Mirrabooka, Balga
  5. 6065 – City of Wanneroo, Landsdale

South Australia

  1. 5085 – Clearview, Enfield
  2. 5162 – Morphett Vale, Woodcroft
  3. 5114 – Craigmore, Blakeview
  4. 5108 – Salisbury, Paralowie
  5. 5159 – Aberfoyle Park, Chandlers Hill

Victoria

  1. 3029 – Truganina, Hoppers Crossing
  2. 3064 – Craigieburn, Donnybrook
  3. 3977 – Cranbourne, Botanic Ridge
  4. 3030 – Werribee, Quandong
  5. 3023 – Ravenhall, Caroline Springs

New South Wales

  1. 2170 – Liverpool, Moorebank
  2. 2176 – Bossley Park, Prairiewood
  3. 2145 – Wentworthville, Westmead
  4. 2148 – Blacktown, Arndell Park
  5. 2570 – Camden, Glenmore

Tasmania

  1. 7250 – Launceston, Trevallyn
  2. 7249 – Kings Meadows, Punchbowl
  3. 7005 – Sandy Bay, Dynnyrne
  4. 7310 – Devonport, Spreyton
  5. 7010 – Dowsing Point, Rosetta

Australian Capital Territory

  1. 2913 – Franklin, Nicholls
  2. 2617 – Belconnen, Bruce
  3. 2905 – Calwell, Tuggeranong
  4. 2914 – Amaroo, Harrison
  5. 2615 – Higgins, Charnwood

Northern Territory

  1. 0810 – Alawa, Brinkin
  2. 0870 – Alice Springs
  3. 0832 – Rosebery, Mitchell
  4. 0820 – Bagot, Bayview
  5. 0830 – Durack, Shoal Bay

[Related: Home ownership rate among young Aussies falls by 10%]

The hottest spots for under 30s across Australia
mortgagebusiness

Latest News

Risks to financial stability could be building as house prices and debt levels keep rising, the Reserve Bank has cautioned. ...

The big four bank has unveiled its response to past regulatory issues, a program meant to improve its risk management and accountability.  ...

The proposed acquisition of Westpac PNG and Westpac Fiji by Kina will no longer proceed, it has been confirmed. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.