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
Tim Picton's daughter Charlotte and family members arrive at his memorial in Perth

Prime Minister and Premier Leaders Unite to Honor Tim Picton in Heartfelt Farewell Ceremony

Today in Perth, a diverse group of mourners, including Prime Minister Anthony…
Cyclone Alfred hit Queensland and New South Wales earlier this year, and caused significant damage. Similar cyclones could hit Australia in the upcoming summer months.

Australia Faces $3.5 Billion Economic Setback

New data has revealed hail, floods and storms cost Australia $3.5 billion…

Rose Byrne and Jacob Elordi Celebrate Milestone with First Oscar Nominations Amidst Excitement

Rose Byrne is celebrating her first-ever Oscar nomination after securing a spot…

From Earth to the Stars: The Journey of the Aboriginal Flag to Space

In 1992, Malcolm Douglas, the renowned Australian wildlife documentarian and crocodile hunter,…
Beaches set to reopen in time for long weekend after shark attacks

Beaches Scheduled to Reopen for Long Weekend Following Recent Shark Incidents

Several popular beaches remain closed today, including Bronte, Maroubra, and Cronulla beaches,…

Japanese PM Sanae Takaichi Shakes Political Landscape by Dissolving Parliament Just Three Months into Term

Japan’s Prime Minister, Sanae Takaichi, has taken a decisive step by dissolving…
Up to nine people are missing after a landslide hit campervans and a shower block at the Mount Maunganui Beachside Holiday Park in New Zealand's North Island on Thursday

Desperate Search Underway for Nine Missing, Including Children, After Devastating Landslide Strikes Popular Campsite

Authorities in New Zealand have cautioned that the operation to locate up…
A landslide hit Mount Maunganui Beachside Holiday Park at 9.30am on Thursday

Travel Safety Update: Navigating New Zealand After Mount Maunganui Landslides

In the wake of recent landslides in New Zealand, many travelers are…
Barron Trump called the police when he witnessed a woman being allegedly assaulted on a video call.

Heroic Act: How Barron Trump Allegedly Saved a Woman’s Life – Court Testimony Reveals All

Barron Trump, son of the US president, contacted police in London last…
Sydney travel agent who scammed clients spared more jail time

Sydney Travel Agent Avoids Additional Jail Time After Client Scam

A travel agent who cancelled customers’ flights and kept the refunded money…

Court Declares Melbourne Police’s Warrantless Search Powers Unlawful and Invalid

A recent court ruling has deemed a police directive allowing warrantless searches…
US President Donald Trump

Trump’s Remarks on NATO Troops’ Position in Afghanistan Stir Controversy Among Allies

US President Donald Trump has once again questioned whether NATO allies would…