Affordable Locations There are still affordable locations to be found within Australia’s three major capital cities, buyers just need to know where to look according to new research.
The PRD Affordable and Liveable Property Guide has analysed all areas of the major capitals to assess them for relative affordability, investment returns, liveability and future stock projections.
It says even though Brisbane property prices are rising, 27.6% of its suburbs are affordable for house buyers and 43.1% for unit buyers. Affordable and liveable suburbs include Strathpine, Griffin and Alexandra Hills.
Chief economist, Dr Diaswati Mardiasmo, says the choices are much smaller in Sydney but some exist with 11.1% of house suburbs and 36.7% of unit suburbs affordable for First Home Buyers. Affordable and liveable suburbs include Chester Hill, Granville and Villawood.
In Melbourne, 24.4% of house suburbs and 42.3% of unit suburbs are affordable for first-home buyers. Affordable and liveable suburbs include Albanvale, Ardeer and Lalor.
