Most Affordable Suburbs Our research shows that there are a number of hot spots for affordability around Australia. The following table is our pick of the cheapest investments near capital city centres: City
Suburb
Sydney
Ultimo Ashfield Punchbowl Campbelltown Flemington Northcote Preston Pascoe Vale East Perth Burswood Armadale Braddon Campbell Ascot Zillmere Caboolture Cowandilla Clearview Glenside Clarendon Vale
Melbourne
Perth
Canberra Brisbane
Adelaide
Hobart
Median Unit Gross Rental Median Price (‘000) Yield (%) House Price (‘000) 346 7 389 5 235 6 414 295 306 5 404 4 365 4 4 382 267 7 304 5 284 5 404 6 405 4 385 5 379 320 395 350 280 5 155.5
Gross Rental Yield (%) 5 5 5 5 5 4 8
Disclaimer: There are many uncertainties in forecasting movements in the market such as government policy changes, interest rate changes and global economies. Therefore, the forecasts in this report should be taken to be indicative of market directions. First National Real Estate takes no responsibility for actions taken on the basis of this report and we encourage all vendors and buyers to conduct their own research.
First National Real Estate 2010 Property Outlook Mid Year Update
9