Aussie house prices are tipped to fall in the next 12 months, following their slowest gains in three years during 2015, but the nation’s median property price are still at a huge $595,000.
Sydney continues to be Australia's most expensive city, with prices climbing 11.5 per cent to $800,000 - more than double what a property will cost you in Hobart.
Prices in Perth and Darwin went backwards during the year to a median of $510,000 and $520,000, while Melbourne and Brisbane pushed higher to a median of $610,000 and $475,000, according to recent CoreLogic RP data.
But while some of these price brackets are still out of reach for many Aussie’s, there are still opportunities to buy properties in more affordable suburbs.
Of the 18 Aussie suburbs with a median price below $400k – and which all recorded price increases over the past 12 months – Western Australian suburbs unsurprisingly dominated the list.
Also unsurprisingly, no Sydney suburbs managed to make the list of affordable suburbs.
Here are 18 Aussie suburbs which you can move to for $400,000 or under:
|Salisbury Heights, SA||$360,000|
|Acacia Ridge, QLD||$361,250|
|Middle Swan, WA||$365,000|
|Deer Park, VIC||$370,000|
|Mansfield Park, SA||$375,000|
|Lenah Valley, TAS||$390,750|