Affordable Property Still Exists Close To Capital Cities

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11th October 2010, 12:30pm - Views: 1113

Misc Miscellaneous Australian Property Investor Magazine 1 image

Misc Miscellaneous Australian Property Investor Magazine 2 image


Affordable hotspots: close to

bright lights

October 11, 2010

When Australian Property Investor journalist Nicole Navarro was given the task of

finding property priced under $400,000 within 20 kilometres of our capital cities, she

feared it would be a mission impossible.

Not so. Navarro has turned up 25 affordable hotspots within easy reach of the bright


“Dwelling and location expectations may need to change when searching for

properties under $400,000 and still within 20 kilometres of the closest capital city but

the mission is certainly possible,” she said.

Hobart tops the list, followed by Adelaide and Darwin.

“According to RP Data, Hobart is the most affordable capital city in Australia, with

two-thirds (66.7 per cent) of its units and houses selling for under $400,000 within 20

kilometres of the CBD, in the year to July,” Navarro said.

“Adelaide had almost half of its sold properties (45.6 per cent) in this category,

followed by Darwin (26.8 per cent), Brisbane and Perth (both 26 per cent),

Melbourne (23.5 per cent), Canberra (21.6 per cent) and Sydney (18.3 per cent).”

Among the 25 affordable hotspots identified within 20 kilometres of a capital are:

Craigie, WA

Broadmeadows, Vic

Watson, ACT

Yagoona, NSW

New Town, Tas

Nightcliff, NT

Herston, Qld


** Contact API to see whether any of the 25 affordable hotspots are located in

your region of interest **


Please contact Eynas Brodie

Editor, API

W: (07) 3720 9422  / E:

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