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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Surprising data reveals affordable inner-city housing exists

By Staff Reporter
18 August 2014 | 1 minute read

Affordable inner-city housing can still be found in every capital city except Sydney, although time may be running out according to RP Data.

Wolli Creek, which has a median house price of $710,000, is the most affordable suburb within 10 kilometres of central Sydney, according to the RP Data research.

Waterloo follows at $761,000, Sydenham at $807,000, Beaconsfield at $811,000 and Tempe at $829,000.

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Melbourne’s most affordable inner-city suburbs are Bellfield at $533,000, Maidstone at $544,000, West Footscray at $572,000, Footscray at $592,000 and Yarraville at $656,000.

Brisbane’s top five are Rocklea at $331,000, Keperra at $416,000, Tingalpa at $457,000, Chermside West at $472,000 and Nathan at $474,000.

Perth’s standouts are Glendalough at $439,000, Osborne Park at $463,000, Westminster at $489,000, Nollamara at $496,000 and Redcliffe at $523,000.

Adelaide’s most affordable inner-city suburbs are Dry Creek at $255,000, Gepps Cross at $313,000, Mansfield Park at $343,000, Woodville Gardens at $348,000 and Kilburn at $350,000.

RP Data research analyst Cameron Kusher said low interest rates and superior amenities were helping to drive strong demand for inner-city housing in most capitals.

Mr Kusher said inner-city prices were likely to keep rising, which would force potential buyers to look instead at areas “that tick as many of the inner-city boxes” as possible.

“Given this, suburbs featuring quality public transport connections, abundant retail and social amenities, quality schools and medical amenities will likely see renewed interest as inner-city buyers look to these more affordable alternatives,” he said.

Surprising data reveals affordable inner-city housing exists
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
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.