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The hottest spots for under 30s across Australia

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.

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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.

“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

  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

 

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