Darwin
Share this @internewscast.com

A new snapshot of Australia’s property market reveals what it now costs to get in at entry level near our biggest cities.

Exclusive data from analysts at Cotality has revealed the suburbs within 10 kilometres of the major cities with the lowest entry-level prices – that is, the 25th percentile of values in the suburb.

In Sydney, the most affordable inner-city suburb to buy a house was Zetland, south of the CBD.

There, the 25th percentile value was $1.4 million – almost $350,000 cheaper than the median house in the same suburb.

The cheapest entry-level suburb for units was Ultimo, with Canterbury and Chippendale rounding out the top three.

In Melbourne, the entry-level price of a house in Maidstone was the lowest, sitting at around $768,000.

The lowest entry-level price for a Melbourne apartment was found in Carlton, with the 25th percentile of values at $290,000.

Darwin
Millner in Darwin was among the lowest price for an entry-level unit. (City of Darwin)

Rocklea ($673,000), Chermside (828,000) and Keperra ($914,000) had the most affordable entry-level houses in Brisbane.

For units, Spring Hill and Fortitude Valley had the lowest entry-level prices at $462,000 and $485,000 respectively.

Meanwhile, down in Adelaide, the most affordable suburb for entry-level houses was Lightsview ($700,000).

Adelaide’s most affordable inner-city suburb for apartments was Kurralta Park, with entry-level prices sitting around $431,000.

An entry-level home in Nollamara, Perth, could run you as little as $627,000, while the 25th percentile cost of a unit in Wembley was just $405,000.

Among major cities, unit prices were matched only by Lyons in Canberra, with prices at $347,000, and Darwin’s Millner, where an entry-level apartment was available for around $294,967.

An entry-level Hobart unit in Glenorchy was about $414,000, while a house in Hobart’s Risdon Vale was found for as little as $439,000.

In terms of affordability for homes, Darwin’s Coconut Grove was the most budget-friendly at $481,000, whereas in Canberra, Belconnen was the cheapest option for homes in the “inner city” area.

Share this @internewscast.com
You May Also Like
An Indigenous man stabbed to death in a targeted machete attack in Victoria's Gippsland region is being remembered as a loving friend as police try to find his killer.

Tributes Pour In for Beloved Teen Lost in Machete Attack

CAUTION: Aboriginal and Torres Strait Islander readers are cautioned that this story…
A close-up shot of an Optus store sign

Massive Optus Outage Affects Thousands Over the Weekend

Multiple people were left unable to contact triple zero after another Optus…
A search is underway for two men after their boat disappeared off the NSW coast on its way to Queensland.

‘Daughter’s Heartfelt Appeal After Boat Vanishes: ‘I Just Want Him Home”

The daughter of a man missing off Australia’s east coast has made…
A man has died after a skydiving plane crash.

Eight Skydivers Escape Plane Before Crash Claims Pilot’s Life

The Australian Parachute Federation (APF) has confirmed eight skydivers had successfully landed…
Rachel Griffiths has shared how women like herself and Taylor Swift have opened the door for women to be fearlessly 'unlikeable.' Pictured in this week's issue of Stellar Magazine

Rachel Griffiths discusses Taylor Swift’s role in empowering women to accept their ‘unlikable’ and ‘imperfect’ emotions

Rachel Griffiths has shared how women like herself and Taylor Swift have…
A man has died after a skydiving plane crash.

Eight Skydivers Safely Exit Plane Before Crash Claims Pilot’s Life

The Australian Parachute Federation (APF) has confirmed eight skydivers had successfully landed…
A painting dedicated to the late daughter of two The Block stars and set to raise money for newborn intensive care has been stolen in a brazen art heist in Melbourne's north.

Artwork Intended for Fundraising for Baby Intensive Care Stolen from Exhibit

A painting honoring the late daughter of two stars from The Block,…

Doctors Without Borders Halts Healthcare Services in Gaza City Amid Hamas’ Denial of Truce Agreements

The Palestinian militant group Hamas asserts that it has not received any…

Federal Budget Shows Improvement Ahead of Interest Rate Decision

The federal budget is $18 billion better off thanks to a stronger-than-expected…
Masoud Pezeshkian, the President of Iran, enters a room for a photo opportunity during the United Nations General Assembly at United Nations headquarters, Thursday, Sept. 25, 2025.

Timeline: Key Events Leading to UN’s Response Against Iran Since 1967

The United Nations has reinstated nuclear sanctions on Iran today, intensifying the…
Detective Inspector Wayne Francis

Man Discovered Deceased Following ‘Brutal and Violent’ Assault at Brisbane Mall

Detectives are investigating the “brutal and violent” death of a man outside…

Republican Albanese Visits the King Amid Opposition Concerns Over Taxpayer Expenses for UK Trip

King Charles has hosted Anthony Albanese and his fiancée Jodie Haydon at…