Australia’s cheapest capital city suburbs

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Your Investment Property has delved into the data to reveal the cheapest capital city suburbs within 20km of each of our capital city’s CBDs. And guess what? 54 of them have median prices that are less than $300,000.

The cheapest suburb on the list was Herdsmans Cove, 16km from the general post office (GPO) in Hobart, where the median house price sits at just $140,000 according to RP Data’s February figures. In fact, half of the suburbs in Hobart’s top 10 recorded median prices of less than $200,000.

At the other end of the scale, Darwin only has one suburb within 20km of the GPO in the sub-$300,000 category, with its most expensive listing in the top 10 – and the most expensive of all the top 10s – being units in Rapid Creek ($382,000).

Read on for the state-by-state top 10s.

Canberra

Suburb

Type

Median Price ($)

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

SCULLIN

U

270000

-30%

11.3%

n.a

n.a

9

DUNLOP

U

304900

-18%

6.3%

n.a

n.a

14

CURTIN

U

318000

-21%

17.4%

n.a

n.a

7

LYONS

U

326000

-38%

14.9%

n.a

n.a

9

CHIFLEY

U

330500

-25%

13.6%

n.a

n.a

9

WANNIASSA

U

332000

-15%

11.8%

n.a

n.a

14

FRANKLIN

U

335000

4%

-0.6%

n.a

n.a

10

GUNGAHLIN

U

339500

8%

3.8%

n.a

n.a

11

MACGREGOR

U

350000

11%

6.3%

n.a

n.a

14

BRUCE

U

360000

-11%

5.2%

458

6.6%

5

Source: RP Data, February 2012

Sydney

Suburb

Type

Median Price ($)

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

LAKEMBA

U

256000

7%

7.1%

320

6.5%

13

WINSTON HILLS

U

260000

13%

8.6%

n.a

n.a

19

WILEY PARK

U

272000

5%

6.6%

330

6.3%

14

PUNCHBOWL

U

283000

11%

7.0%

340

6.2%

16

HARRIS PARK

U

295000

4%

5.1%

360

6.3%

19

CHESTER HILL

U

302000

5%

5.2%

350

6.0%

19

AUBURN

U

310000

-5%

6.0%

380

6.4%

16

REGENTS PARK

U

312044

8%

6.9%

350

5.8%

17

BANKSTOWN

U

312250

2%

4.1%

370

6.2%

17

MERRYLANDS

U

313000

3%

4.2%

360

6.0%

18

Source: RP Data, February 2012

Darwin

Suburb

Type

Median Price ($)

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

JOHNSTON

H

227950

n.a

n.a

n.a

n.a

18

MOULDEN

U

310000

n.a

n.a

370

6.2%

14

GRAY

U

320000

-11%

12.4%

380

6.2%

15

KARAMA

U

324000

-6%

11.7%

380

6.1%

11

DRIVER

U

327000

-12%

12.1%

370

5.9%

15

BAKEWELL

U

350000

-11%

11.7%

380

5.6%

17

MILLNER

U

380000

-2%

12.8%

373

5.1%

8

NIGHTCLIFF

U

380000

9%

11.2%

365

5.0%

9

MARRARA

U

380000

-10%

10.4%

400

5.5%

9

RAPID CREEK

U

382000

-4%

10.0%

385

5.2%

16

Source: RP Data, February 2012

Brisbane

Suburb

Type

Median Price

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

LOGAN CENTRAL

U

172000

-24%

17.7%

245

7.4%

20

GOODNA

U

176000

-26%

12.0%

275

8.1%

20

WOODRIDGE

U

195250

-10%

17.3%

250

6.7%

19

GAILES

H

215000

-17%

15.2%

280

6.8%

19

CAROLE PARK

H

244750

-4%

17.1%

280

5.9%

18

WOODRIDGE

H

249000

-8%

15.2%

300

6.3%

19

STRATHPINE

U

250000

-14%

7.8%

290

6.0%

18

BRENDALE

U

252000

-13%

13.2%

315

6.5%

18

ROCHEDALE SOUTH

U

270250

-6%

12.9%

300

5.8%

16

SPRINGWOOD

U

277000

-1%

12.7%

310

5.8%

19

Source: RP Data, February 2012

Adelaide

Suburb

Type

Median Price ($)

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

ELIZABETH VALE

U

147625

-2%

11.6%

190

6.7%

20

SALISBURY NORTH

U

195000

-3%

12.6%

235

6.3%

19

SALISBURY

U

199250

-9%

12.9%

220

5.7%

17

SALISBURY DOWNS

U

199500

-10%

13.3%

n.a

n.a

17

REYNELLA

U

210000

-11%

10.6%

250

6.2%

19

ROSEWATER

U

211250

-20%

16.9%

228

5.6%

11

ENFIELD

U

218500

-23%

11.9%

270

6.4%

7

PARA HILLS WEST

U

225000

-6%

6.1%

258

6.0%

14

PARALOWIE

U

225000

5%

11.9%

230

5.3%

19

KURRALTA PARK

U

230000

-11%

12.3%

250

5.7%

4

Source: RP Data, February 2012

Hobart

Suburb

Type

Median Price ($)

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

HERDSMANS COVE

H

140000

-3%

12.8%

235

8.7%

16

CLARENDON VALE

H

157500

-3%

16.0%

230

7.6%

9

BRIDGEWATER

H

168500

-6%

15.5%

245

7.6%

17

RISDON VALE

H

175000

-3%

14.4%

275

8.2%

8

GLENORCHY

U

195000

-15%

12.1%

245

6.5%

7

CHIGWELL

H

201000

1%

12.6%

275

7.1%

11

BERRIEDALE

U

206000

n.a

n.a

193

4.9%

10

GOODWOOD

H

210000

-7%

14.4%

270

6.7%

7

BRIGHTON

U

219000

-3%

8.6%

270

6.4%

15

ROKEBY

H

220000

5%

17.3%

250

5.9%

9

Source: RP Data, February 2012

Melbourne

Suburb

Type

Median Price ($)

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

ALBION

U

241250

2%

11.3%

210

4.5%

10

SUNSHINE

U

271829

-5%

9.7%

230

4.4%

9

TARNEIT

U

272500

-2%

2.7%

285

5.4%

20

HOPPERS CROSSING

U

272500

1%

6.8%

260

5.0%

20

BROADMEADOWS

U

295000

-10%

9.4%

310

5.5%

15

MEADOW HEIGHTS

U

295000

-3%

8.6%

300

5.3%

17

CAMPBELLFIELD

U

298775

-2%

9.5%

290

5.0%

14

CARLTON

U

300000

7%

1.8%

395

6.8%

1

ST ALBANS

U

300000

-2%

8.8%

260

4.5%

14

SYDENHAM

U

305000

3%

3.2%

310

5.3%

17

Source: RP Data, February 2012

Perth

Suburb

Type

Median Price ($)

12 month Growth

Average Annual Growth

Weekly Median Advertised Rent ($)

Gross Rental Yield

Average GPO Distance

LOCKRIDGE

U

230000

n.a

n.a

290

6.6%

12

BAYSWATER

U

256750

-7%

14.3%

290

5.9%

6

THORNLIE

U

271250

-12%

13.0%

310

5.9%

14

WEMBLEY

U

277500

-10%

13.7%

315

5.9%

5

BALGA

U

284000

1%

12.7%

n.a

n.a

11

GLENDALOUGH

U

285000

-8%

14.2%

330

6.0%

5

GIRRAWHEEN

U

286000

-5%

13.5%

n.a

n.a

12

COOLBELLUP

U

296000

-6%

10.3%

330

5.8%

15

GOSNELLS

U

296000

1%

12.4%

313

5.5%

18

OSBORNE PARK

U

297000

-7%

14.2%

310

5.4%

7

Source: RP Data, February 2012

Is it important to be close to the CBD? Have your say on our property investment forum.

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