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The most affordable suburbs in Australia from $120,000

Tamika Seeto
·Finance Reporter
·2-min read
Most affordable suburbs. Adelaide houses. Australian suburbs.
The most affordable suburbs across Australia have been revealed. (Source: Getty)

The most affordable suburbs across Australia have been revealed, as property prices ease across the country.

CoreLogic’s 2022 Best of the Best report highlighted the resilience of more affordable property markets, as well as the declines experienced by more expensive suburbs.

“More expensive markets tended to see sharper declines, while the more affordable segment of the market - where buyers typically do not have to extend themselves as much to buy into - saw greater resilience to increases in interest rates,” CoreLogic head of research Eliza Owen said.

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Across the capital cities, suburbs in Sydney’s city and inner south, northern beaches and eastern suburbs saw some of the largest house and unit value declines.

On the other end of the scale, Adelaide suburbs dominated the list for the strongest growth in values.

Most affordable suburbs in 2022

CoreLogic identified the most affordable suburbs around Australia across capital cities and regional areas.

Unsurprisingly, regional areas were among the most affordable. Kambalda East in Western Australia was named the most affordable suburb for houses, with a median value of $118,525.

For units, the most affordable suburb was Laguna Quays in Queensland, with a median value of just $72,076.

Capital cities - houses

  1. Elizabeth North, Greater Adelaide - $291,526

  2. Kwinana Town Centre, Greater Perth - $300,252

  3. Elizabeth Downs, Greater Adelaide - $305,336

  4. Armadale, Greater Perth - $315,636

  5. Elizabeth South, Greater Adelaide - $324,761

  6. Smithfield, Greater Adelaide - $330,985

  7. Medina, Greater Perth - $331,095

  8. Camillo, Greater Perth - $334,975

  9. Davoren Park, Greater Adelaide - $336,186

  10. Calista, Greater Perth - $338,932

Capital cities - units

  1. Orelia, Greater Perth - $183,522

  2. Kooralbyn, Greater Brisbane - $202,039

  3. Goodna, Greater Brisbane - $233,344

  4. Logan Central, Greater Brisbane - $235,668

  5. Woodridge, Greater Brisbane - $240,284

  6. Shoalwater, Greater Perth - $243,797

  7. Cooloongup, Greater Perth - $251,434

  8. Armadale, Greater Perth - $260,297

  9. Kelmscott, Greater Perth - $262,729

  10. Beenleigh, Greater Brisbane - $263,331

Regional suburbs - houses

  1. Kambalda East, WA - $118,525

  2. Peterborough, SA - $130,627

  3. Kimba, SA - $133,975

  4. Kellerberrin, WA - $137,568

  5. Tara, Qld - $146,122

  6. Scottville, Qld - $147,000

  7. Kambalda West, WA - $152,136

  8. Collinsville, Qld - $154,032

  9. Blackwater, Qld - $154,779

  10. Moura, Qld - $156,875

Regional suburbs - units

  1. Laguna Quays, Qld - $72,076

  2. Dolphin Heads, Qld - $113,697

  3. Withers, WA - $131,547

  4. New Auckland, Qld - $160,404

  5. South Gladstone, Qld - $170,774

  6. West Gladstone, Qld - $174,535

  7. Ayr, Qld - $183,086

  8. Emerald, Qld - $190,054

  9. Woree, Qld - $191,490

  10. Edmonton, Qld - $192,960

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