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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Launceston proclaimed Australia’s most affordable city

By Staff Reporter
29 July 2009 | 1 minute read

A new report by RP Data has found that Rocherlea in Launceston is the most affordable suburb in Australia, with a median house price of $145,000.

According to the report released yesterday, Geelong was the most affordable housing region in Victoria while Newcastle represented the most affordable city for houses in NSW.

Launceston and Geelong were also well represented on the top 10 list of affordable units, with Launceston recording five of the 10 most affordable suburbs and Geelong home to four.

RP Data’s senior research analyst Cameron Kusher said that while these regions were not the capital cities of each state, they were still worth considering when buying property.

“The second largest cities offer more affordable property with the benefit of big city amenity, which means that they are likely to grow in appeal as linkages with the capital cities continue to improve,” he said.

Launceston proclaimed Australia’s most affordable city
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.