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
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