Australia’s most affordable suburbs with kick-ass potential

By MoneyQuest
In First Home Buyer, Home Loans, Investment

Looking at average household incomes, median property prices, value to investors and location in a capital city or major regional centre, we’ve uncovered the top 120 markets where, from an investors point of view, property is not just cheap, it’s value for money.

Let’s get one thing straight. A low median price does not mean a market is affordable. On the contrary, many markets with low median prices are in areas that are largely unsuitable for investing and, for what they offer, are, in fact, quite expensive.

With this in mind, we’ve combined ABS, DSRscore and RP Data statistics to reveal which markets are really the most affordable.

Three primary measures were used. Markets first had to be in capital cities or major regional centres. They then had to have a rental yield of at least 5% and a vacancy rate no higher than 3.5%. lastly, markets had to have a low median price while at the same time having an average weekly household income that was high in proportion to the median price. This was to reflect on the relative cost of property – not just the figure value.

Ranked by lowest median price, this left the 120 most affordable markets.

 

State Locality Type Average Weekly Household Income  Median Value  Vacancy Yield
SA SALISBURY EAST H

$919

$157,750

1.22%

8.40%

NSW DUBBO H

$1,052

$161,750

1.43%

9.06%

NSW COOLAMON H

$1,009

$162,000

0.00%

5.50%

NSW BLACKHEATH H

$919

$167,500

0.62%

5.96%

QLD CHINCHILLA H

$1,327

$172,000

1.29%

7.10%

TAS CLAREMONT H

$874

$180,000

1.39%

7.57%

NSW ABERDEEN H

$1,370

$180,000

1.21%

n/a
NSW LAKE ALBERT H

$1,436

$180,000

0.19%

5.84%

QLD KINGAROY H

$950

$181,000

0.00%

n/a
NSW GRIFFITH H

$1,016

$181,250

1.91%

5.45%

TAS LUTANA U

$894

$185,000

1.30%

5.44%

QLD RANGEVILLE U

$3,523

$187,500

1.41%

6.60%

SA ELIZABETH DOWNS H

$724

$189,000

2.01%

7.27%

NSW URALLA H

$866

$190,000

1.35%

6.65%

TAS MONTROSE U

$847

$199,500

1.53%

5.50%

QLD LOWOOD H

$904

$205,250

0.48%

6.94%

SA PARAFIELD GARDENS U

$980

$208,500

1.04%

5.48%

QLD GOODNA U

$1,008

$210,000

1.58%

5.95%

QLD ACACIA RIDGE H

$966

$211,500

0.69%

6.82%

QLD ROSEWOOD H

$1,027

$214,750

2.61%

6.30%

QLD KINGSTON H

$953

$215,250

0.77%

6.66%

QLD HARLAXTON H

$874

$218,250

0.13%

5.79%

SA SALISBURY H

$1,344

$218,500

1.04%

6.09%

QLD EAGLEBY H

$877

$219,000

1.53%

7.31%

QLD BRASSALL U

$1,127

$220,000

2.05%

6.45%

NSW ARMIDALE H

$986

$225,250

0.96%

7.81%

NSW SOUTH WINDSOR U

$1,054

$226,250

0.73%

6.71%

SA MORPHETT VALE H

$913

$226,323

0.46%

6.23%

NSW GUNNEDAH H

$938

$227,000

2.80%

5.82%

NSW BLUE HAVEN U

$1,072

$227,000

1.30%

5.98%

NSW QUIRINDI U

$845

$228,000

3.21%

5.13%

QLD NORTH BOOVAL H

$1,114

$228,500

2.07%

5.98%

QLD REDBANK PLAINS H

$1,247

$228,750

2.41%

7.28%

QLD AVOCA H

$872

$231,000

1.38%

5.90%

QLD MORAYFIELD U

$1,193

$231,000

1.08%

7.31%

NSW TOLLAND U

$853

$232,000

2.86%

6.11%

NSW ORANGE U

$1,146

$233,000

2.46%

7.62%

SA HACKHAM H

$911

$233,125

0.43%

6.19%

QLD SILKSTONE H

$951

$234,250

2.18%

6.39%

QLD BUNDAMBA H

$1,060

$236,000

2.20%

5.76%

NSW MOUNT DRUITT H

$1,049

$236,250

0.70%

6.58%

QLD LOGAN CENTRAL H

$789

$237,000

0.72%

6.59%

QLD WILSONTON HEIGHTS H

$869

$239,000

1.39%

6.29%

NSW WOODBERRY H

$934

$241,500

1.60%

6.78%

TAS KINGSTON U N/A

$242,000

1.18%

5.35%

QLD SOUTH TOOWOOMBA H

$934

$243,000

1.38%

6.02%

SA POORAKA H

$918

$245,000

1.17%

6.73%

QLD ALLENSTOWN H

$891

$246,000

0.79%

6.54%

NSW WAGGA WAGGA H

$978

$246,500

2.77%

5.98%

QLD CENTENARY HEIGHTS H

$985

$247,000

1.39%

5.56%

NSW BERKELEY VALE H

$1,135

$247,000

0.88%

6.73%

NSW BELLBIRD H

$1,192

$247,000

1.16%

7.16%

QLD WATERFORD WEST H

$969

$248,000

2.33%

6.32%

NSW MOAMA U

$871

$248,500

1.26%

6.75%

QLD KEARNEYS SPRING H

$939

$249,500

1.39%

5.88%

QLD TOOWOOMBA CITY H

$761

$250,000

1.38%

5.06%

SA HUNTFIELD HEIGHTS H

$881

$251,000

0.54%

6.01%

NSW MOLONG H

$1,008

$251,500

1.47%

7.65%

QLD SIPPY DOWNS U

$1,018

$252,875

1.69%

6.54%

QLD SLACKS CREEK H

$1,055

$253,000

1.22%

6.51%

TAS CHIGWELL H

$794

$253,500

0.00%

5.70%

SA PARALOWIE H

$1,133

$255,000

1.03%

5.78%

WA ORELIA H

$1,103

$256,000

0.47%

6.34%

QLD BORONIA HEIGHTS H

$1,207

$256,500

1.61%

6.52%

NSW ORANGE H

$1,146

$257,000

0.83%

6.38%

QLD MOUNT ISA U

$1,359

$257,125

1.40%

5.19%

NSW WESTON H

$973

$257,500

1.26%

6.22%

QLD ROCKVILLE H

$889

$257,750

1.39%

5.27%

VIC SPRINGVALE SOUTH U

$998

$258,000

2.63%

5.23%

QLD KAWANA H

$1,047

$260,000

0.77%

6.73%

NSW TANILBA BAY H

$828

$260,750

2.67%

5.94%

SA SALISBURY NORTH H

$812

$261,750

1.11%

5.77%

TAS MOONAH H

$869

$262,000

2.28%

6.47%

SA SALISBURY H

$1,344

$262,000

0.96%

5.39%

NSW GRETA H

$1,330

$262,500

3.32%

6.17%

NSW CLARENCE TOWN H

$1,246

$264,500

0.65%

6.54%

WA MOUNT LAWLEY U

$1,718

$265,000

0.46%

6.60%

NSW LURNEA U

$883

$265,250

1.56%

6.30%

SA MORPHETT VALE H

$913

$266,500

0.85%

6.15%

VIC FRANKSTON H

$954

$268,500

1.86%

5.08%

QLD PARK AVENUE H

$995

$269,000

0.79%

6.25%

WA SPEARWOOD H

$1,090

$269,000

0.44%

6.47%

WA CAMILLO H

$1,105

$269,000

0.11%

6.44%

NSW CESSNOCK H

$870

$269,500

2.43%

5.78%

WA OSBORNE PARK U

$1,100

$269,500

0.56%

6.99%

SA PARA HILLS H

$1,036

$270,000

0.67%

5.73%

NSW CANLEY VALE U

$824

$270,750

1.54%

5.57%

SA PARA HILLS WEST H

$939

$271,500

1.51%

5.68%

WA NORTH PERTH U

$1,733

$271,500

0.89%

5.97%

SA SALISBURY DOWNS H

$837

$272,000

1.02%

5.65%

NSW RAYMOND TERRACE H

$1,003

$272,000

1.56%

5.36%

SA PLYMPTON H

$986

$272,500

1.17%

5.40%

QLD EAST TOOWOOMBA H

$1,109

$275,000

1.37%

5.23%

QLD DARRA H

$1,119

$275,000

0.70%

5.83%

WA LEDA H

$1,373

$275,000

2.22%

5.41%

SA BRAHMA LODGE H

$841

$276,500

1.01%

5.36%

NSW MAITLAND H

$933

$278,000

2.68%

6.28%

NSW GUYRA H

$847

$278,750

2.70%

7.02%

NSW LAKEMBA U

$849

$279,000

1.77%

6.30%

QLD WOODRIDGE H

$806

$279,500

0.64%

5.92%

QLD WILSONTON H

$864

$280,000

1.38%

5.67%

QLD CRESTMEAD H

$1,193

$280,000

0.64%

6.09%

VIC HOPPERS CROSSING U

$1,299

$280,000

2.24%

5.20%

QLD HARRISTOWN H

$830

$281,250

1.41%

5.74%

NSW PORTLAND H

$901

$281,250

2.34%

5.92%

NSW GUILDFORD U

$945

$282,000

1.34%

6.27%

QLD ST GEORGE H

$1,046

$282,500

2.76%

5.72%

WA PARMELIA H

$1,063

$282,500

0.42%

5.55%

QLD SOUTH GLADSTONE H

$1,516

$282,500

0.92%

6.62%

WA GIRRAWHEEN U

$988

$284,000

0.54%

7.15%

QLD SOUTH TOOWOOMBA H

$934

$285,500

1.39%

5.29%

NSW WILEY PARK U

$876

$286,125

1.51%

6.18%

QLD KEPNOCK H

$818

$286,500

1.38%

5.54%

QLD CLONTARF H

$985

$287,500

0.00%

5.30%

NSW KURRI KURRI H

$846

$288,500

3.02%

6.72%

VIC LALOR U

$920

$290,000

3.29%

5.23%

VIC FRANKSTON NORTH U

$760

$292,500

1.63%

8.16%

NSW KANWAL H

$864

$292,500

1.50%

5.94%

NSW GWANDALAN H

$954

$295,000

1.50%

6.23%

NSW TOONGABBIE U

$1,407

$295,000

1.44%

6.40%

To discuss this article or anything to do with your finances, please call our office today and we will be happy to assist you.

MoneyQuest
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