With house prices on the slide in many Australian cities during the last year, a new CoreLogic report reveals the most affordable locations across the nation where a property costs less than $500,000 and has demonstrated significant growth over the year. https://www.corelogic.com.au/reports/top-affordable-suburbs-report

Nanette comedian Hannah Gadsby’s home town of Smithton in the north-west of Tasmania tops the list of affordable spots where growth has been the highest. The top 10 locations across the country include:

  1. Smithton, Tas - median value $238,131, up 27.5%
  2. Latrobe, Tas - median value $300,396, up 19.8%%
  3. Mooroopna, Vic - median value $244,919, up 18.7%
  4. Coonabarabran, NSW - median value $169,668, up 17.4%
  5. West Albury, NSW - median value $479,019, up 16.7%
  6. Robe, SA - median value $362,476, up 15.9%
  7. Wynyard, Tas - median value $288,369, up 15.9%
  8. Tatura, Vic - median value $275,827, up 15.9%
  9. Irymple, Vic - median value $378,849, up 15.6%
  10. Park Grove, Tas - median value $310,217, up 15.3%
     

CoreLogic research analyst Cameron Kusher said, “While big city properties with million-dollar-plus price tags make the headlines, Australia still has a range of affordable property options for buyers and investors alike.”