{"id":40138,"date":"2022-09-01T10:09:44","date_gmt":"2022-08-31T22:09:44","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40138"},"modified":"2022-09-01T10:09:44","modified_gmt":"2022-08-31T22:09:44","slug":"top-20-desirable-suburbs-to-buy-under-580000","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/top-20-desirable-suburbs-to-buy-under-580000\/","title":{"rendered":"Top 20 desirable suburbs to buy under $580,000"},"content":{"rendered":"

PHOTO: For those happy to live in an apartment, there are some desirable suburbs that are getting more affordable.\u00a0(Source: Getty)<\/em><\/strong><\/p>\n

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Property prices around the country are dropping, which has made purchasing a home in some desirable suburbs more affordable.<\/p>\n

\"Beachfront\"<\/a><\/div>\n
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Australia\u2019s most exclusive piece of real estate<\/a><\/h2>\n<\/header>\n<\/div>\n

New research commissioned by Well Money found the top 20 housing markets around Australia that were relatively close to the capital city CBD for under $580,000.<\/p>\n

The research analysed every suburb in Australia, before filtering out those deemed\u00a0unaffordable for buyers\u00a0on modest incomes.<\/p>\n

To make sure suburbs were within\u00a0commuting distance of the CBD, those more than 30km from the city centre were excluded.<\/p>\n

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Liquidators pursue homeowners of collapsed builder owing $23m<\/a><\/h2>\n<\/header>\n<\/div>\n

To establish a top-20 ranking, these suburbs were then ranked based on the number of years it would take someone with the average household income (based on census data) in that suburb to buy a property outright valued at that suburb\u2019s median sale price.<\/p>\n

The ranking was done from lowest to highest.<\/p>\n

The top 20 list consisted entirely of unit markets, spread over Queensland (9), South Australia (6), Western Australia (3), ACT (1) and the Northern Territory (1).<\/p>\n

Well Money CEO Scott Spencer said this research would help first home buyers and those with average incomes identify good locations to buy.<\/p>\n

\u201cNow that property prices are falling in many parts of Australia, it\u2019s become easier for\u00a0first home buyers\u00a0and young families to afford properties that are affordable, desirable and relatively close to capital city CBDs,\u201d Spencer said.<\/p>\n

\"Polly\"<\/a><\/div>\n
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Polly Brindle is taking the new Selling Sunset TV sequel by storm | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cThat said, it\u2019s still challenging, because prices are declining from a high base.\u201d<\/p>\n

Spencer said that while a house may be the aim, a limited budget meant buyers would need to consider smaller homes.<\/p>\n

\u201cApartments can be great places to live, but they don\u2019t suit everyone,\u201d he said.<\/p>\n

\u201cUnfortunately, if you want to buy a house in a desirable location, you need to extend your budget beyond $750,000.\u201d<\/p>\n

Top 20 suburbs to buy under $580,000<\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/td>\nState<\/td>\nSuburb<\/td>\nMedian sale price<\/td>\nYears of income to buy<\/td>\n<\/tr>\n
1<\/td>\nACT<\/td>\nMacquarie<\/td>\n$300,000<\/td>\n3 years<\/td>\n<\/tr>\n
2<\/td>\nWA<\/td>\nCity Beach<\/td>\n$579,000<\/td>\n3 years<\/td>\n<\/tr>\n
3<\/td>\nWA<\/td>\nAubin Grove<\/td>\n$415,000<\/td>\n3.2 years<\/td>\n<\/tr>\n
4<\/td>\nQLD<\/td>\nWavell Heights<\/td>\n$440,000<\/td>\n3.2 years<\/td>\n<\/tr>\n
5<\/td>\nQLD<\/td>\nCamp Hill<\/td>\n$520,000<\/td>\n3.2 years<\/td>\n<\/tr>\n
6<\/td>\nSA<\/td>\nMawson Lakes<\/td>\n$333,000<\/td>\n3.3 years<\/td>\n<\/tr>\n
7<\/td>\nQLD<\/td>\nWakerley<\/td>\n$517,500<\/td>\n3.4 years<\/td>\n<\/tr>\n
8<\/td>\nQLD<\/td>\nAshgrove<\/td>\n$507,000<\/td>\n3.4 years<\/td>\n<\/tr>\n
9<\/td>\nSA<\/td>\nPlympton<\/td>\n$285,000<\/td>\n3.4 years<\/td>\n<\/tr>\n
10<\/td>\nQLD<\/td>\nAlderley<\/td>\n$415,000<\/td>\n3.4 years<\/td>\n<\/tr>\n
11<\/td>\nWA<\/td>\nCanning Vale<\/td>\n$410,000<\/td>\n3.5 years<\/td>\n<\/tr>\n
12<\/td>\nQLD<\/td>\nBridgeman Downs<\/td>\n$530,000<\/td>\n3.5 years<\/td>\n<\/tr>\n
13<\/td>\nQLD<\/td>\nNorman Park<\/td>\n$535,000<\/td>\n3.6 years<\/td>\n<\/tr>\n
14<\/td>\nSA<\/td>\nParkside<\/td>\n$380,000<\/td>\n3.6 years<\/td>\n<\/tr>\n
15<\/td>\nNT<\/td>\nMarrara<\/td>\n$370,000<\/td>\n3.6 years<\/td>\n<\/tr>\n
16<\/td>\nQLD<\/td>\nPaddington<\/td>\n$529,999<\/td>\n3.7 years<\/td>\n<\/tr>\n
17<\/td>\nQLD<\/td>\nParkinson<\/td>\n$420,000<\/td>\n3.7 years<\/td>\n<\/tr>\n
18<\/td>\nSA<\/td>\nWayville<\/td>\n$393,000<\/td>\n3.7 years<\/td>\n<\/tr>\n
19<\/td>\nSA<\/td>\nProspect<\/td>\n$388,000<\/td>\n3.7 years<\/td>\n<\/tr>\n
20<\/td>\nSA<\/td>\nBrooklyn Park<\/td>\n$287,000<\/td>\n3.8 years<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

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