Ensure you never miss an issue of the
real estate business bulletin
Launceston proclaimed Australia’s most affordable city

Launceston proclaimed Australia’s most affordable city

by Reporter 0 comments

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.

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
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?