Best Value Suburbs There are still locations, some within 10km of the CBD, where buyers can secure affordable properties, according to PropTrack’s Affordability Hotspots Report.
The report measures how many homes sold between July 2023 and March 2024 were affordable, based on buyers spending 25% of their pre-tax income on mortgage repayments.
PropTrack senior economist, Paul Ryan, says the methodology determines what is affordable for the people who already live in that city.
In Sydney, Parramatta topped the list with on average Sydney households able to purchase nearly half the homes in the region. Canterbury was Sydney’s second-most affordable region, followed by Mount Druitt and Liverpool.
In Victoria, the Melton region was the most affordable, as were units in the CBD.
Queensland locations include Rocklea in Greater Brisbane and Stapylton on the Gold Coast while Adelaide’s most affordable areas were in Port Adelaide including the suburbs from Outer Harbor to Semaphore South and Devon Park.
