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CoreLogic RP Data Revealed Top 10 Regional Suburbs in Australia

June 26, 2015

As the property market in Australia is sky rocketing with prices, it seems difficult to search for an affordable property in the area. However, the CoreLogic RP data revealed top 10 most affordable regional suburbs in various states.

Along with the immense popularity in farming industries, regional suburbs are also getting popular for their affordable housing. If we talk about the affordability of these suburbs in terms of median house pricing, then here you can buy four-bedroom home for the same price as a Sydney parking space.

Now, coming to the list of Suburbs:

  • The NSW mining town of Broken Hill is the most affordable regional suburb with a median house value of $160,580.
  • Morwell in rural Victoria, which is known for its coalmines and energy production, has a median property price of about $175,000.
  • Gold mining town of Stawell, Victoria has a median property price of about $178,000.
  • Moe, in the Gippsland area of Victoria, is known for its mining projects has a median property price of about $189,000.
  • The NSW regional town of Cowra, which is known for its wineries, has a median property price of about $195,000.
  • Deniliquin on the NSW-Victoria border has a median property price of about $197,000.
  • Ararat in south-west Victoria known for its primary industries has a median property price of about $200,954.
  • South Grafton, on the mid-north coast of NSW, is considered the commercial hub of the Clarence River Valley has a median property price of about $203,465.
  • Maryborough in Victoria has a median property price of about $206,304.
  • Naracoorte in South Australia, the rural farming town has median house prices of about $211,858.

News Source:
http://hwww.dailymail.co.uk/news/article-3136955/Top-10-affordable-regional-suburbs-buy-home-Australia.html

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