Australia’s cheapest suburbs

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Do you have $35,000 sitting in the bank? That would be enough to buy yourself a median priced house in Australia’s cheapest suburb. Read on for a state by state breakdown of Australia’s cheapest suburbs. And guess what? Almost three-quarters of the selected suburbs have a median price of less than $200,000.

The country’s top 10

Brewarrina in New South Wales takes the title of Australia’s cheapest suburb, with a median house price of just $35,000. In fact, NSW, is the best represented state in the top 10, with four suburbs making the list. Tasmania is home to three of Australia’s cheapest suburbs, while Queensland has two and South Australia one. 

State

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

NSW

BREWARRINA

H

$35,000

n.a

n.a

n.a

QLD

NELLY BAY

U

$40,000

n.a

n.a

46%

NSW

UNGARIE

H

$62,000

n.a

n.a

n.a

NSW

PEAK HILL

H

$63,000

-13%

8.1%

n.a

QLD

CUNNAMULLA

H

$64,000

21%

12.3%

n.a

TAS

ZEEHAN

H

$67,000

-16%

25.2%

12%

TAS

QUEENSTOWN

H

$75,000

5%

18.1%

10%

TAS

ROSEBERY

H

$75,000

22%

24.0%

10%

NSW

BOURKE

H

$75,000

-12%

6.7%

n.a

SA

PINNAROO

H

$80,000

n.a

n.a

n.a

Source: RP Data, March 2012

Read on for a rundown of the 10 cheapest suburbs in each state and territory.

ACT

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

SCULLIN

U

$259,000

-31%

5.2%

n.a

DUNLOP

U

$305,900

-18%

6.2%

n.a

CURTIN

U

$318,000

-30%

19.2%

n.a

LYONS

U

$326,000

-39%

16.2%

n.a

CHIFLEY

U

$330,000

-13%

13.9%

n.a

WANNIASSA

U

$332,250

-14%

11.8%

n.a

FRANKLIN

U

$335,000

4%

-0.6%

n.a

GUNGAHLIN

U

$339,000

7%

3.6%

n.a

MACGREGOR

U

$357,500

13%

6.9%

n.a

HOLT

U

$365,000

4%

10.8%

5%

 Source: RP Data, March 2012

NSW

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

BREWARRINA

H

$35,000

n.a

n.a

n.a

UNGARIE

H

$62,000

n.a

n.a

n.a

PEAK HILL

H

$63,000

-13%

8.1%

n.a

BOURKE

H

$75,000

-12%

6.7%

n.a

LAKE CARGELLIGO

H

$81,500

-30%

9.6%

n.a

MENINDEE

H

$86,000

26%

27.6%

n.a

HILLSTON

H

$90,000

-11%

8.7%

n.a

BALRANALD

H

$93,500

n.a

n.a

n.a

HAY

H

$95,000

0%

4.0%

n.a

GANMAIN

H

$96,250

-9%

28.4%

n.a

Source: RP Data, March 2012

NT

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

BELLAMACK

H

$213,500

15%

15.4%

15%

JOHNSTON

H

$225,000

-2%

-1.7%

n.a

TENNANT CREEK

H

$232,500

24%

14.3%

n.a

KATHERINE

U

$260,000

-5%

15.1%

5%

KATHERINE SOUTH

H

$270,000

3%

12.3%

n.a

MOULDEN

U

$309,500

n.a

n.a

6%

THE GAP

U

$315,000

5%

11.2%

7%

GRAY

U

$320,000

-10%

12.6%

6%

KARAMA

U

$320,000

-7%

12.5%

6%

DRIVER

U

$327,000

-14%

12.4%

6%

Source: RP Data, March 2012

Qld

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

NELLY BAY

U

$40,000

n.a

n.a

46%

CUNNAMULLA

H

$64,000

21%

12.3%

n.a

DIRRANBANDI

H

$90,000

0%

14.4%

n.a

CLERMONT

U

$99,000

n.a

n.a

n.a

QUILPIE

H

$99,500

n.a

n.a

n.a

MISSION BEACH

U

$110,000

n.a

n.a

n.a

JULIA CREEK

H

$111,250

n.a

n.a

n.a

BELLARA

U

$116,697

6%

5.0%

12%

MOUNT MORGAN

H

$120,000

-8%

17.2%

7%

HUGHENDEN

H

$125,000

32%

17.5%

n.a

Source: RP Data, March 2012

SA

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

PINNAROO

H

$80,000

n.a

n.a

n.a

PETERBOROUGH

H

$91,500

-3%

15.2%

8%

COOBER PEDY

H

$96,200

13%

9.1%

n.a

BERRI

U

$105,000

n.a

n.a

8%

PORT AUGUSTA

U

$108,000

-46%

19.5%

8%

MOUNT BURR

H

$112,250

n.a

n.a

n.a

WHYALLA STUART

U

$120,000

-6%

17.7%

8%

KEITH

H

$122,500

-23%

7.6%

n.a

KALANGADOO

H

$125,500

n.a

n.a

n.a

PORT PIRIE WEST

H

$130,000

-10%

11.1%

7%

Source: RP Data, March 2012

Tas

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

ZEEHAN

H

$67,000

-16%

25.2%

12%

QUEENSTOWN

H

$75,000

5%

18.1%

10%

ROSEBERY

H

$75,000

22%

24.0%

10%

HERDSMANS COVE

H

$138,000

-6%

12.8%

9%

GEORGE TOWN

H

$140,000

-14%

16.0%

7%

MAYFIELD

H

$140,100

-15%

17.0%

8%

ST MARYS

H

$145,000

-7%

18.1%

n.a

GAGEBROOK

H

$149,125

2%

16.5%

8%

RAILTON

H

$155,000

-10%

13.4%

7%

SCOTTSDALE

H

$158,000

-13%

9.3%

7%

Source: RP Data, March 2012

Vic

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

GOLDEN BEACH

H

$81,500

-46%

8.0%

n.a

MINYIP

H

$82,500

n.a

n.a

n.a

BIRCHIP

H

$88,500

n.a

n.a

n.a

WYCHEPROOF

H

$90,000

n.a

n.a

n.a

EDENHOPE

H

$90,000

-27%

14.3%

n.a

KANIVA

H

$90,000

-18%

12.3%

n.a

JEPARIT

H

$98,000

n.a

n.a

n.a

DIMBOOLA

H

$105,000

17%

7.2%

7%

NHILL

H

$107,000

2%

5.4%

7%

STRATHMERTON

H

$108,000

n.a

n.a

n.a

Source: RP Data, March 2012

WA

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Gross Rental Yield

KAMBALDA WEST

H

$133,000

n.a

n.a

11%

MOORA

H

$145,000

12%

12.6%

n.a

MUKINBUDIN

H

$150,000

n.a

n.a

n.a

KATANNING

H

$170,000

3%

12.0%

7%

KOJONUP

H

$170,000

-27%

15.6%

n.a

BEVERLEY

H

$170,000

-15%

10.4%

n.a

SOUTH BOULDER

H

$184,500

n.a

n.a

n.a

WAGIN

H

$193,750

-1%

15.1%

n.a

RANGEWAY

H

$201,000

-21%

13.8%

7%

MERREDIN

H

$201,000

12%

12.6%

8%

Source: RP Data, March 2012

Visit our property investment forum for more discussion on where to buy.

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