Powered by MOMENTUM MEDIA
subscribe to our newsletter
Sydney five times dearer than Hobart

Sydney five times dearer than Hobart

Affordable inner-city property still exists in Brisbane and even Melbourne, but is fast becoming impossible to find in Sydney.

Median house prices start from $353,000 for suburbs within 10 kilometres of Brisbane’s CBD, according to CoreLogic RP Data.

That figure rises to $583,000 in Melbourne and $840,000 in Sydney.

Advertisement
Advertisement

The Brisbane suburb of Rocklea has a median house price of $353,000, followed by Keperra on $439,000, Tingalpa on $479,000, Salisbury on $486,000 and Nathan on $487,000.

Bellfield in Melbourne has a median house price of $583,000, followed by Maidstone on $589,000, Footscray on $618,000, West Footscray on $631,000 and Preston on $676,000.

Sydney’s cheapest inner-city suburbs are Turrella on $840,000, Sydenham on $846,000, St Peters on $920,000, Tempe on $921,000 and Waterloo on $937,000.

By contrast, buyers can move into Hobart’s inner city for about one-fifth of the price.

Median house prices are $156,000 for Clarendon Vale, $177,000 for Risdon Vale, $197,000 for Rokeby, $205,000 for Goodwood and $230,000 for Warrane.

Adelaide starts at $245,000 for Dry Creek, followed by Gepps Cross on $333,000, Kilburn on $352,000, Woodville Gardens on $353,000 and Mansfield Park on $354,000.

Perth’s cheapest inner-city suburbs are Osborne Park on $431,000, Westminster on $460,000, Nollamara on $462,000, Glendalough on $467,000 and Tuart Hill on $481,000.

Canberra buyers will pay a median house price of $462,000 in Page, $465,000 in Scullin, $501,000 in Evatt, $526,000 in Florey and $532,000 in Giralang.

The most affordable of Darwin’s inner-city suburbs are Malak on $569,000, Millner on $575,000, Anula on $580,000, Moil on $584,000 and Jingili on $609,000.

Sydney five times dearer than Hobart
mortgagebusiness

 

Latest News

Ahead of Parliament returning next week, Prime Minister Scott Morrison has conceded that Australia is facing “challenges and headwinds” ...

Slater and Gordon has filed a class action against AMP claiming compensation for more than 2 million people it alleges have been charged ...

An aggressive monetary policy strategy employed in response to rate cuts in foreign markets would be a “dangerous path to go down”, Rese...

FROM THE WEB
podcast

LATEST PODCAST: Broker share and Westpac U-turn

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

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