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.
More stories:
The cheapest places to buy land
Show me the money: Australia’s richest and poorest states revealed
