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Australia's Housing Affordability Varies Significantly by Region
Australia's Housing Affordability Varies Significantly by Region 悉尼
By   Internet
  • 都市报
  • Australian property
  • Housing market
  • Australian State House prices
Abstract: The housing market across Australia's regions presents stark differences. Recent reports highlight that certain areas in Western Australia and Queensland are more accessible for middle-income families, whereas regions like Melbourne and Sydney face greater challenges.

According to the report, the Kwinana area in southern Perth, Western Australia, is considered one of the most affordable areas. Here, middle-income families can afford about 20% of homes sold, reflecting a relatively stable housing market in the area. Despite a strong increase in overall house prices in Perth over the past year, interest from first-time homebuyers and investors continues to grow due to still relatively low prices.


Australia's Housing Affordability Varies Significantly by Region

Internet


Similarly, Queensland boasts several areas that are relatively affordable for homebuyers. The report points out that the Springwood-Kingston area in the Logan-Beaudesert region is among the most affordable in Queensland, where over a third of middle-income families can afford about 20% of homes sold. The attractiveness of these areas lies in their convenient transportation and well-developed living facilities, along with a relatively stable trend in house prices.


Australia's Housing Affordability Varies Significantly by Region

Internet


However, major cities like Sydney and Melbourne face more severe challenges. Despite Sydney being one of the most expensive cities in Australia, some areas in the west and southwest still offer relatively "cheap" property options for first-time homebuyers looking to enter the market. The Parramatta area is considered one of the cheapest regions in Sydney, and although property prices here are still high compared to the overall level in Sydney, buyers can find some affordable properties relative to other areas.


Australia's Housing Affordability Varies Significantly by Region

Internet


The situation in Melbourne is similar. Although overall property prices are high, the inner city and western areas offer some relatively affordable options for homebuyers. The report indicates that due to the abundance of apartments, Melbourne's inner city is one of the most economical areas, while the western part of the city offers affordable prices for those seeking detached houses.

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Australia's Housing Affordability Varies Significantly by Region
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