Ensure you never miss an issue of the
real estate business bulletin
Cheapest units found in Adelaide and Brisbane: RP Data

Cheapest units found in Adelaide and Brisbane: RP Data

by Reporter 0 comments

Adelaide and Brisbane are the most affordable capital cities in which to buy units, a new report from RP Data has revealed.

RP Data analysed median unit sales prices across the capital cities to devise a list of the top 10 most affordable suburbs.

The Playford region of Adelaide topped the list, with Elizabeth Vale coming in first and Elizabeth North close behind.

The suburbs in Adelaide’s far north offered investors a low buy-in price, with units in Elizabeth Vale selling for a median value of $143,452.

Adelaide had another two entries in the top 10, with Salisbury and Salisbury North at numbers six and 10 respectively.

Salisbury is located next to the Playford region, suggesting Adelaide’s northern suburbs are a hub of affordability.

In Queensland, meanwhile, Logan took out four spots, including third and fourth.

The region is around 40 minutes from the Brisbane CBD, connected by train and highway links.

Units in the town’s central business district, Logan Central, were available for a median price of $171,459.

Meanwhile, the median unit price in neighbouring Woodridge was around $182,648.

Logan's Beenleigh and Slacks Creek were also highlighted. Both suburbs had a buy-in price of just under $187,000.

Tasmania also featured, with the small town of New Norfolk squeezing into the top five.

Just 30 minutes from the Hobart CBD, the area has units available for a median value of $183,601.

Berriedale in the north of Hobart was also highlighted for its affordable price point of $184,217.

Cheapest units found in Adelaide and Brisbane: RP Data
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?