The most affordable suburbs in Australia from $120,000
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
Elizabeth North, Greater Adelaide - $291,526
Kwinana Town Centre, Greater Perth - $300,252
Elizabeth Downs, Greater Adelaide - $305,336
Armadale, Greater Perth - $315,636
Elizabeth South, Greater Adelaide - $324,761
Smithfield, Greater Adelaide - $330,985
Medina, Greater Perth - $331,095
Camillo, Greater Perth - $334,975
Davoren Park, Greater Adelaide - $336,186
Calista, Greater Perth - $338,932
Capital cities - units
Orelia, Greater Perth - $183,522
Kooralbyn, Greater Brisbane - $202,039
Goodna, Greater Brisbane - $233,344
Logan Central, Greater Brisbane - $235,668
Woodridge, Greater Brisbane - $240,284
Shoalwater, Greater Perth - $243,797
Cooloongup, Greater Perth - $251,434
Armadale, Greater Perth - $260,297
Kelmscott, Greater Perth - $262,729
Beenleigh, Greater Brisbane - $263,331
Regional suburbs - houses
Kambalda East, WA - $118,525
Peterborough, SA - $130,627
Kimba, SA - $133,975
Kellerberrin, WA - $137,568
Tara, Qld - $146,122
Scottville, Qld - $147,000
Kambalda West, WA - $152,136
Collinsville, Qld - $154,032
Blackwater, Qld - $154,779
Moura, Qld - $156,875
Regional suburbs - units
Laguna Quays, Qld - $72,076
Dolphin Heads, Qld - $113,697
Withers, WA - $131,547
New Auckland, Qld - $160,404
South Gladstone, Qld - $170,774
West Gladstone, Qld - $174,535
Ayr, Qld - $183,086
Emerald, Qld - $190,054
Woree, Qld - $191,490
Edmonton, Qld - $192,960
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