Top 10 Most Affordable Regional Suburbs Revealed
CoreLogic RP Data has released a list of the top 10 regional suburbs with the most affordable housing in Australia, with the NSW suburb of Broken Hill emerging on top.
Broken Hill, an isolated mining town in outback NSW near the border of South Australia, recorded a median house value of $160,580.
The amount is $170,000 cheaper than a parking space in Sydney’s CBD which hit $300,000 earlier this year. A three-bedroom property can cost just $159,000 in Broken Hill, The Daily Mail reported.
Four NSW suburbs made it in the top 10, five were from Victoria and one was from South Australia.
The top 10 regional suburbs are as follows:
1. Broken Hill, NSW: $160,583
2. Morwell, Vic: $175,058
3. Stawell, Vic: $178,616
4. Moe, Vic: $188,775
5. Cowra, NSW: $195,711
6. Deniliquin, NSW: $197,711
7. Ararat, Vic: $200,954
8. South Grafton, NSW: $203,465
9. Maryborough, Vic: $206,304
10. Naracoorte, SA: $211,858
Disclaimer:
This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).
Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.
Proudly Part Of
The Money Quest Group (MQG) is one of Australia's leading boutique mortgage broking businesses, with a network of more than 600 brokers nationwide. Known for their exuberant culture and superior support, MQG provides brokers access to a range of financial products from more than 60 lending institutions and suppliers, and exclusive access to in-house benefits and services.
© 2017-2024 MoneyQuest Australia Pty Ltd, Australian Credit Licence 487823