logo
The affordable suburbs with access to parks, schools and transport

The affordable suburbs with access to parks, schools and transport

Potential home buyers can find somewhat affordable houses in a handful of livable suburbs, a new report finds, provided they know where to look.
The PRD Smart Moves report for the first half of 2025 found that there were just 14 affordable and livable suburbs to buy a house in Sydney, 26 in Brisbane and 32 in Melbourne.
The report defined affordable as suburbs that had a median price below the citywide median, and livable as suburbs which had access to medical facilities, schools, shops, green space, transport, low crime rates and a good number of homes available to purchase.
Sydney's median price was $1,474,343 for houses and $854,968 for units. In Melbourne, houses were $934,500 and units $610,327. Brisbane's house median was $937,500 and units were $690,000.
PRD chief economist Dr Diaswati Mardiasmo said buyers could find plenty of properties beneath median prices across their cities, so applying livability criteria helped to identify quality homes.
'There's still a lot of suburbs available for houses and units in all capital cities. When you start to factor in livability … that's what really starts to shrink it,' she said.
'When people actually say they want an affordable or cheap suburb, that's a first layer response, and when you dig deeper into their wants and needs, the livability stuff differs.'
Unit buyers had more choice. In Sydney, 39 suburbs were affordable and livable, 40 in Melbourne and 25 in Brisbane.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mildura real estate agency avoids fine after rental advertised without fixed price
Mildura real estate agency avoids fine after rental advertised without fixed price

ABC News

time2 days ago

  • ABC News

Mildura real estate agency avoids fine after rental advertised without fixed price

A Mildura real estate company accused by Victoria's consumer protection watchdog of rental bidding has escaped without a conviction or hefty fine. On Tuesday, the real estate agency pleaded guilty in the Mildura Magistrates' Court to advertising a property for rent without a fixed price. Consumer Affairs Victoria fined PRD Mildura $11,855, but the company chose to contest it in court and the fine was dropped. The maximum penalty for a corporation in Victoria is $61,053. The Victorian government brought the law into effect in 2021 to stop real estate agents from creating a bidding war between prospective tenants amid the state's housing crisis. The court heard PRD Nationwide Mildura director and company secretary, Simone Fleshig, had organised for a Red Cliffs property to be listed online through a third-party tenancy management software tool. But a tenancy plan with the tenant renting the property meant the lease would begin at the initial price of $550 before being increased to $580 after the tenancy began. The court heard the software listed no fixed price for the rental listing and instead prompted the prospective tenant to contact the agency. The court heard it also listed the increased price in the body. Consumer Affairs Victoria investigated the listing. The court heard Ms Fleshig became aware on a Friday afternoon when someone contacted her about renting the property and told her about the "price on application" listing. The court was told Ms Fleshig apologised to the potential renter and sent her the correct listing price of $550. PRD Mildura's lawyer Tyler Wolff told the court there were two boxes to tick while uploading a rental listing, and the price on application function overrode Ms Fleshig's selection. "It's a huge fine," Magistrate Patrick Southey said of the fine imposed by Consumer Affairs Victoria. "It is," Mr Wolff replied. Mr Wolff told the court Ms Fleshig corrected the mistake two days later when she returned to the office, had lodged a support ticket with the software tool's developer, and implemented a two-step procedure at PRD Mildura to prevent it from happening again. Since Victoria's rental taskforce began investigating rental bidding in 2021, its officers have fined more than 40 agencies for not using fixed prices in their listings. Information from Consumer Affairs Victoria showed PRD Mildura was one of five real estate agencies to be taken to court this month by the state watchdog over contravening rental bidding laws. It said the agencies were issued with infringements but chose not to pay their fines and instead have their matters heard at court. Consumer Affairs Victoria lawyer Temple Saville told the court it wanted the court to hand down a fine to the real estate company for the breach. The court was told the fine was issued by Consumer Affairs Victoria two days after Ms Fleshig corrected the listing. The court heard Ms Fleshig chose to contest the fine in court after seeking a review of the investigation and fine by Consumer Affairs Victoria, but the state watchdog chose to bring the matter to court. Magistrate Southey said PRD Mildura's offending was the result of an "honest" mistake that was fixed quickly. "The behaviour the government is trying to fix is not evident here," he Southey said. PRD Mildura received a 12-month good behaviour bond without conviction.

Victoria property: The Victorian regions where house prices rose most over the past year
Victoria property: The Victorian regions where house prices rose most over the past year

The Age

time24-07-2025

  • The Age

Victoria property: The Victorian regions where house prices rose most over the past year

She said buyers priced out of more expensive coastal regions were shifting their focus. 'In the Surf Coast you get tourism investors or people that have secondary homes, elevating that price point, which means for local buyers, they look to neighbouring LGAs that are deemed as much more affordable.' Property prices on the Surf Coast, a traditionally in-demand region, have fallen back over the past year. Credit: Istock Fergus Torpy, director and auctioneer at Ray White Colac, said 2025 so far had delivered a record number of buyers through open homes. 'We've seen increased buyer numbers. There's more buyers in the market either researching or looking to make purchases,' he said. 'In some months, it's been well up on what we experienced in the peak of COVID, which has been really pleasing.' Homes are selling faster, said Torpy. 'Time on market crept up in the Colac area to two, 2½ months,' he said. 'Now it's hovering close to 40 to 45 days.' He said he had noticed more confidence to buy. 'Buyers [have] confidence that if they buy today, maybe there's some easier times ahead in terms of interest rates.' The desirability of Colac Otway was not just related to its affordability, but its variety and appeal to older buyers, Torpy said. While much of the volume sat between $550,000 and $700,000 for three to four-bedroom homes, he said high-end lifestyle properties were also selling. 'We've had a really big lifestyle property down in Apollo Bay that sold for nearly $2 million, a boutique lifestyle retreat.' He believed the level of supply might also be pushing up prices. 'You'd probably say there's a slightly better demand than there is supply.' Dr Diaswati Mardiasmo, chief economist at PRD, said demand was outpacing supply in many of the fastest-growing regional areas. 'Either the number of sales has declined significantly, which means that they're undersupplied, or the number of sales has increased significantly, which means that it's highly demanded,' she said. 'Most of them have created land lots, but it's not like a house is going to pop up on land. That's going to take two or three years,' she said. 'It's so imbalanced between infrastructure, commercial development versus residential development. And when that happens, prices go up like this.' Apollo Bay is in Colac Otway Shire, which has experienced the highest growth in property prices compared with other local government areas. Credit: Jason South Mardiasmo said strong population growth, major public and private infrastructure projects, affordability and lingering hybrid work arrangements from the pandemic were also playing a role in growth. 'There's just been so much infrastructure, so much commercial development in those areas, that it's really lifted the areas up and it's making people want to move to these places.' She predicts more rate cuts this year will drive demand even further. 'Everyone's talking about a potential rate cut in August or September ... I think a lot of people are literally wanting to get into the market before there's more cash-rate cuts and the market becomes hotter,' she said.

The unexpected Victorian regional towns that jumped in the past year
The unexpected Victorian regional towns that jumped in the past year

Sydney Morning Herald

time10-07-2025

  • Sydney Morning Herald

The unexpected Victorian regional towns that jumped in the past year

Rents are higher than a year ago in almost every regional Victorian local government area (LGA), with scarcity driving double-digit hikes in some of the state's more remote towns. Experts say affordability constraints are forcing renters to look beyond not only Melbourne and commuter belt centres like Ballarat and Bendigo, but to far-flung regional towns in search of homes they can afford. Swan Hill recorded the highest annual growth in asking rents of all Victorian regional LGAs, rising 14.3 per cent to a median $480 a week in the 12 months to June, according to Domain's latest Rent Report released on Thursday. A year ago, rents were $420. Other areas that recorded the strongest growth are located more than 250 kilometres from Melbourne, including Wodonga (12.2 per cent), the Alpine Shire (11.8 per cent), Mildura (11.6 per cent), and Warrnambool (10 per cent). Wodonga jumped from $490 to $550, and Alpine climbed to $520. Rents in Mildura and Warrnambool also hit $480 and $550, respectively. Loading By contrast, some of the state's most popular regional towns closer to Melbourne recorded far smaller increases: Greater Geelong rose 2 per cent, Hepburn 1.1 per cent Macedon Ranges 2.1 per cent and Ballarat was steady. Dr Diaswati Mardiasmo, chief economist at PRD, said the biggest driver of rent growth in remote LGAs is a lack of supply. 'In many of these areas, the number of houses rented has decreased 30 per cent in 12 months. Which means that there's a scarcity in rentals and that's what's driving up prices,' she said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store