Since the COVID-19 pandemic, Australia’s property market has been a complete and utter mess. According to CoreLogic, over the past five years, national home values have surged by a whopping 39.1%. However, if you’re okay moving interstate or countryside, there are still some affordable places to live in across Australia. If you’re strategic, the dream of owning a home is still alive.
So, which Australian cities, towns, and suburbs are the most affordable? Where do you have to move in order to score a good deal? Here are the facts.
The Most Affordable Australian Cities and Places
Townsville, Queensland
In early August, StandOut Resume published a study unpacking which Australian cities were the most affordable. What’s more, they took into account more than property prices. They factored in the price of utilities, the price of food, and each city’s median net income. From there, they were able to determine which city would theoretically provide you the most savings.
So, who was the winner of this report? Who ranked best on the affordability scale? Townsville, baby. According to StandOut Resume, by living in Townsville, you could save up to $27,442 of your salary each year.
Dimboola, Victoria
Dimboola: Famous for its Little Desert National Park, Pink Lake, and numerous excellent fishing spots. If you’re after a cozy town life, what more can you possibly want? Oh, affordable housing? Well, according to Real Estate, the median price of a unit is extremely reasonable. As of August, the median price of a unit’s $252,500.
Additionally, Dimboola is a place that’s loved by its locals. It’s been described as an idyllic, sleepy town.
“We now have lived here in Dimboola for two years, and we would not change for anything,” one local wrote. “I found it so easy to get employment, and my wife also secured a great local job. Most of the business people are fantastic, which is rare these days, but the relaxed attitude here is very welcome. The schools are so good, and I can say that with honesty.”
Adelaide, South Australia
If you want an affordable capital city, Adelaide is the way to go. Unlike Sydney, Melbourne, or Brisbane, buying a one-bedroom shoebox isn’t a mulit-million-dollar endeavour. The median cost of an Adelaide unit is $535,000.
Better yet, Adelaide isn’t a barren city with nothing to do in it. From relishing the National Wine Centre of Australia to enjoying the Adelaide Botanic Gardens, Adelaide has something for everyone.
Rockingham, Western Australia
According to StandOut Resume, Perth’s Rockingham is another one of the most affordable Australian cities. In Rockingham, essentials take up $31,815 of a $58,702 median income. If you play your cards right, you can save up to $26,887 each year.
What’s more, Rockingham is beloved by its residents. According to Paul Ellis of One Agency Rockingham, this area is a brilliant place to live.
“The city of Rockingham is just a 35-minute drive south of Perth and is ideal for those who want to enjoy an excellent quality of life by the seaside,” Peter said. “Rockingham is a rapidly developing residential area, with substantial industrial and commercial areas, and a naval area on Garden Island.”
“There are ample shops for shopping enthusiasts as well as plenty of restaurants, cafes, and pubs. Some within the real estate industry still consider Rockingham to be a hidden jewel, with prices still at a moderate level and set to rise.”
If You’re Planning on Moving to an Affordable Australian Place
If you’re planning on moving to Townsville, Dimboola, Adelaide, or Rockingham, hire some professional removalists. Because if something goes wrong on your move, it’ll end up costing more without having professionals to help. A team of professional removalists will make sure nothing breaks, nothing gets lost, and that you have content insurance.
Holloway Revomals has extensive experience conducting interstate moves. They have the experience, professionalism, and qualifications to make this adventure a breeze.
