Walkability. Heat stress. Urban sprawl. Welcome to the real reasons people are choosing where to live – and why the smartest cities are the ones that feel like a good party.
A great city, as historian and transport planner Philip Mallis puts it, is like a great party.
“You stay longer than strictly necessary because you’re enjoying yourself.”
And yet for many Australians, the party’s not exactly pumping.
It turns out, the design of our cities – and how we move through them – might be having more of an effect on our lives (and our property decisions) than we think. From climate resilience to park access, transport links and sustainable cities, the conversation around real estate is shifting.
The walkable suburb glow-up
In 2025, the 20-minute neighbourhood isn’t a vibe – it’s a necessity.
“A healthy city is made up of a number of different components,” says Frasers property Australia executive general manager Emily Wood.
“But really, it’s around having an integrated design and connection to everything you need, whether that’s schools, parks, shops, education, employment, walkability or transport.
And it’s not just about ditching the car. Walkable suburbs are directly linked to healthier, more active communities.
Living in a 20-minute neighbourhood is becoming a bigger priority for Australians choosing where to live. Picture: Getty
“I don’t think a lot of people really understand how strong the links are between transport and people’s health and wellbeing,” Mallis says.
But the data’s clear. RMIT University social equity professor Hannah Badland says people who live in walkable areas are more likely to be physically active – and less likely to suffer from chronic conditions like obesity and diabetes.
“There is so much evidence in terms of people who live in more walkable neighbourhoods are more likely to be of healthy body weight. They are more likely to be physically active,” Badlands explains.
So, it tracks that walkable, well-connected suburbs are also climbing the ladder in terms of demand – and price.
Car-dependence is out; connectivity is in
A growing number of Aussies are over the long commutes, endless traffic and car-centric urban sprawl.
“A car-dependent society has physical and mental health impacts, rising incidence of non-communicable diseases like diabetes, obesity, and a range of other impacts,” Mallis says.
That’s not just bad news for our bodies – it’s bad design.
And cities are catching on.
Mallis says future-focused neighbourhoods are putting transport and access front and centre, designing communities where everything you need is nearby.
Think fewer highways, more bike lanes. Fewer drive-thrus, more laneway cafes. “We need to redesign our transport systems and networks to accommodate for this and make sure that we are providing those options.”
Future-focussed neighbourhood have a variety of transit options to choose from. Picture: Getty
The heat is real – and buyers are taking notice
We know climate change is heating up Australian cities – but not all suburbs are sweating equally.
Green Sheep Collective architect Shae Parker McCashen says high air temperatures are affecting residents all over Australia.
“They are affecting us in different ways across different suburbs,” she explains.
For people on the coast, where they’ve got access to open space and great quality air and the beach, Wood explains, it’s a very different experience to say Western Sydney that is very concrete and asphalt and really absorbs that heat.
That means suburbs that lack shade, trees and access to green space are becoming less liveable – and, by extension, less desirable.
And for those in newer developments, Mallis says the risk is even higher.
“If you live in a new suburb, trees haven’t had a chance to grow yet and that increases the ambient temperature significantly by up to 10 to 15C.”
Savvy buyers are already prioritising climate-resilient suburbs with mature tree cover, breezy streetscapes and design that keeps the temperature – and energy bills – down.
Green space = capital gain
We’re not just craving more square footage – we’re craving breathing space. And not just for the dog.
“Being able to access public open space not only is important for physical health but really important for mental health” Badland says.
Nearby parks not only provide a welcome respite for residents, they increasingly important features for home buyers. Picture: Getty
So, what’s the best way to negate the impacts of climate change in high temperatures?
“To make sure that the city is designed well,” Mallis says. “We need lots of shade.”
With a warming climate, parks and green corridors are no longer just council box-tickers – they’re emotional (and economic) assets.
So what’s next?
The suburbs that win in the next five to 10 years won’t just be the ones with the best views or proximity to CBDs – they’ll be the ones that work for the way we live now.
Cooler, greener, easier to get around. Thoughtfully designed. And future-fit.
“I think the number one step to making healthier cities is to get the transport right,” Mallis says.
Connecting people with nature, building houses that enable us to manage heat stress and really thoughtful and clever design in the products and the places where we live going forward will also play a critical role.
Because at the end of the day, where you live isn’t just about postcode pride – it’s about building a life that feels good.
And if your suburb doesn’t make you want to stay a little longer than necessary? Well, now you know what to look for in your next move.
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The company now has 18 master franchises in Europe and is actively looking for new expansion opportunities across most of the inhabited world, according to an announcement on Tuesday.
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If you’re in the process of staging a listing, it might be time to talk paint with your sellers. A new study from Zillow suggests that the right interior paint colors can boost home value by thousands.
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The company now expects to earn as much as 10 percent less this quarter than it expected in April, according to a new SEC filing. The company’s stock price fell sharply in early trading hours.
A New York homeowner claims text messages sent by an associate broker at Keller Williams amounted to an “invasion of her privacy” and a violation of the Telephone Consumer Protection Act.
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Boasting hectares of lush bushland, picturesque views and residences with an array of bygone features, Australia has no shortage of breathtaking rustic estates.
Australia has no shortage of breathtaking rustic estates. Picture: realestate.com.au
From manors dating back to the late 1800s, to a country estate with a working cattle farm and a Geelong property with a links to Melbourne Cup winners, here are some of the most captivating estates currently for sale.
Steeped in New South Wales early history
For a cool $18 million, the historic Rockfield Park, which was the first settlement on Berry Mountain in the 1860s, is looking for a new custodian.
Located at 801 Kangaroo Valley Road, Bellawongarah, it was the home of artist and business magnate Lee Hamilton, who is said to have been the first woman to secure a position on the Sydney Futures Exchange.
Now the sprawling deceased estate with views from Gerringong to Jervis Bay and Seven Mile Beach, is being sold by her family.
Sales agent Nick Dale from Belle Property Berry and Kiama said the estate’s sheer size was unique.
“It’s 172 acres, and I’ve got to say probably 90% of that is usable land and is all accessible, and that is unusual because usually they cap out at 100 (acres) and every now and then you get a 200 acre one, but the majority of it is bush,” he said.
Meticulously crafted from sparrow-pecked sandstone, western red cedar, and charcoal stone, is a four bedroom and three bathroom residence, where cathedral windows, timber, fireplaces add to its grandeur.
There is also an additional residence and a smaller home, as well as farming infrastructure that would suit agricultural or livestock ventures.
Designed by famous Melbourne architect James T. Conlan, the 30 room manor has other important links to Australia’s racing history as a direct lineage to ten Melbourne Cup winners were produced at the homestead.
Sale agent Aaron Yeats from Jellis Craig – Eltham said 17 Yarra Braes Road, Eltham was positioned at the highest point of the street and was originally part of a much larger allotment that was subdivided.
“The house was built in the ’50s and it was originally one of the original homesteads in the street so they kept the best parcel for themselves being on top of the hill, and then sold off the smaller blocks around them,” he said.
Designed by Alistair Knox, highlights of the three bedroom, three bathroom residence include living spaces which open to outdoor terraces, an open fire and a potbelly stove.
Outside there is a vegetable garden, greenhouse, chicken coop, sheds, and a mudbrick studio/workshop.
“It will probably suit someone who’s either got a small family and just wants to live with peace and privacy as it is, or someone who has a grander vision to do a lovely extension or renovation,” Mr Yeats said.
The property has an asking price of $2,350,000 to $2,550,000.
A wide timber veranda, timber flooring, French doors, an industrial farmhouse style with Smeg appliances, a farmhouse sink and a living room with a wood fireplace are just some of the home’s standout features.
There is also a free-standing office with an ensuite, as well as a custom built barn with a kitchenette, dining and games area, two bedrooms and a bathroom.
The Grange Berrima features a main residence, known as The Lodge, where its grand proportions include a mezzanine level that can house up to eight guests in four suites.
There is also a manager’s quarters or guest accommodation, with a bedroom, shower and laundry room, as well as a veranda, and another three bedroom accommodation option called the Granary.
Other highlights of the estate include one of the largest privately owned dams in the district, extensive gardens, an apple orchard, 18 horse paddocks, a cattle yard and four 25,000 litre water tanks.
The property is on the market for $9 million to $9.9 million.
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New data has uncovered how far a typical home buying budget will stretch in every suburb, and the results may be surprising.
PropTrack data shows a typical home buying budget in an Australian capital affords entry into plenty of suburbs, although the number and type of homes it buys varies wildly.
The median house price across the combined capital cities is now $1 million, according to the latest PropTrack Home Price Index, but analysis of property values shows that figure affords a lot more homes in some suburbs than in others.
Use the interactive to see what your budget buys in your dream suburb.
To determine how far a typical home buying budget really stretches, home values in every Australian suburb were analysed to determine what proportion of properties fall under different price thresholds.
The data shows there are 106 suburbs in the capitals where 100% of houses are valued at less than $1 million, the vast majority of which are located in outer areas where land is less scarce and properties are much more affordable as a result.
Even a more modest budget of $800,000 would be sufficient to purchase 100% of houses in 30 capital city suburbs, most of which were located on the urban fringe.
On the other hand, the suburbs with the lowest proportion of houses under $1 million are found in the priciest pockets of the capitals, such as Sydney and Melbourne’s eastern suburbs or the inner suburbs of Brisbane, Adelaide and Perth.
The analysis also shows that buyers with limited budgets still have a chance to find a home in pricey areas, although they may have to adjust their expectations in suburbs where affordable homes are rarer.
The data uses PropTrack’s automated valuation model (AVM) to estimate the value of every Australian property. The proportion of the total number of homes in each suburb that fall below different price thresholds was then calculated.
The analysis includes estimates for the value of all properties, not just those currently on the market.
REA Group senior economist Anne Flaherty said the data laid bare the affordability challenges facing buyers seeking to purchase a home close to the CBDs of Australia’s largest cities.
“What it shows is that more and more people are being locked out of our inner- and middle-ring suburbs, and that’s leading to a shift in the demographics in different areas around our capital cities,” she said.
Inner suburbs are increasingly out of reach for buyers with limited budgets. Picture: realestate.com.au/sold
However, Ms Flaherty said that even pricier suburbs with small proportions of affordable houses could still have options for buyers with limited budgets, but these homes were likely to require renovations.
“The main reason you would see a home in a more expensive suburb sell at a discount is because there’s actually money that needs to be spent doing it up,” she said.
“It basically comes down to what you’re willing to compromise on – what’s more important, the location or the house?”
Ms Flaherty said knowing the proportion of homes selling within a buyer’s price range could help guide their property search.
“People might assume that a particular suburb is out of reach, but if they see they can actually afford one third of the homes in the suburb for example, it broadens the range of potential suburbs they can look in,” she said.
“Alternatively, you might have your heart set on a particular suburb, but then you can see that it’s most likely going to be out of your budget.”
Where $1 million buys the most homes
The analysis shows that buyers looking for a sub-$1 million house in a capital city are much more likely to find one in a suburb further from the CBDs, while inner suburbs typically have a much lower proportion of affordable homes.
Sydney buyers increasingly need to search further west to find sub-$1 million houses – this three-bedroom Leppington house just sold for $991,000. Picture: realestate.com.au/sold
For example, in Sydney a $1 million budget would be sufficient to buy 100% of houses in Lethbridge Park, Tregear or Blackett – among the most affordable suburbs in the city.
Number of suburbs where 100% of houses are valued at $1 million or less
City
No. of suburbs
Sydney
5
Melbourne
33
Brisbane
21
Adelaide
32
Perth
34
Darwin
23
Hobart
18
Canberra
1
Source: PropTrack
Real estate agent and Laing+Simmons Parramatta principal Ray Fayad said houses under $1 million in the Parramatta area were becoming “extremely rare”.
“It’s been ages since I sold one under $1 million,” he said.
The traditionally-affordable area was experiencing increased interest from buyers from other regions such as the inner west, Mr Fayad said, while interest rate reductions and the potential of further cuts had helped drive price growth this year.
“I’m finding a lot of the locals from here are going further west to afford a first home,” he said. “They’re going further out than they once were.”
About a third of Menai houses come in under $1.5 million, including this three-bedroom duplex that sold for just under $1.2 million late last year. Picture: realestate.com.au/sold
Bumping the maximum purchase price up to $1.5 million affords 14% of houses in Penshurst, 30% of houses in Menai and 43% of houses in Rouse Hill.
But spending up to $2 million opens up more options, including 7% of houses in Kensington, 42% of houses in Leichhardt and 73% of houses in Engadine.
A $1 million budget buys at least 10% of homes in just under half of Sydney suburbs. However, in Sydney’s 100 priciest suburbs, there are precisely zero houses that are valued at $1 million or less.
Buyers with $1.5 million to spend will find plenty of options in Engadine, where this three-bedroom home on a 591sqm corner block recently sold for $1.4 million. Picture: realestate.com.au/sold
The same budget could buy two thirds of houses in Footscray and about a quarter of houses in Yarraville or Seddon.
About a quarter of houses in Seddon and Yarraville would cost less than $1 million, including this updated two-bedroom Seddon house that recently sold for $910,000. Picture: realestate.com.au/sold
Inner west real estate agent and Village Real Estate managing director Huss Saad said entry-level houses in Yarraville or Seddon ranged from about $900,000 to $1.1 million, and could include older freestanding homes or newer townhouses.
“You can buy something sub-$1 million on a decent size block,” he said. “It might be a period home with a white picket fence that needs some work, but the opportunities are there.”
“In suburbs like Footscray and West Footscray, you can get a bit more bang for your buck.”
A $1.5 million budget would be sufficient to purchase the majority of Moonee Ponds homes, including this four-bedroom period property that sold for $1.485 million late last year. Picture: realestate.com.au/sold
Meanwhile, buyers with a larger $1.5 million budget could afford 85% of houses in Collingwood, 59% of houses in Moonee Ponds and 47% of houses in Williamstown.
But with $2 million to spend, a Melbourne buyer could afford 97% of houses in Doncaster, 82% of houses in Carlton and 74% of houses in St Kilda.
Buyers with $2 million to spend in Doncaster would be able to afford almost every property in the suburb, including this five-bedroom home that recently sold for exactly $2 million. Picture: realestate.com.au/sold
In some of the smaller capitals, there are plenty of suburbs where buyers with $1 million to spend would theoretically be able to afford any property.
Perth has 34 suburbs where all houses are valued at $1 million or less, including Lockridge, Balga, Bertram and Armadale.
Lockridge in Perth’s northwest is one of 34 suburbs in the city where 100% of homes are valued at $1 million or less. Picture: realestate.com.au/sold
In Adelaide, there were 32 suburbs where $1 million could afford every house, including Andrews Farm, Morphett Vale and Ottoway.
Brisbane has 21 suburbs fitting the same brief, most of which are in the Ipswich and Logan regions, including Riverview, Woodridge and Crestmead.
Number of suburbs where 100% of units are valued at $1 million or less
City
No. of suburbs
Sydney
45
Melbourne
114
Brisbane
62
Adelaide
92
Perth
76
Darwin
31
Hobart
25
Canberra
30
Source: PropTrack
For buyers searching for an affordable unit, there are plenty of suburbs that are in contention, and many more options closer to city centres.
In Sydney, buyers will find a high proportion of units priced under $500,000 in Carramar (69%), Lakemba (67%), Harris Park (58%) and Cabramatta (52%).
Carlton has a high proportion of sub-$500k units, including this one-bedder with park and city views that recently sold for $493,000. Picture: realestate.com.au/sold
Melbourne buyers with the same budget would find a big share of sub-$500,000 units in Melton (97%), Notting Hill (75%), Carlton (61%) and the CBD (50%).
Suburbs where a multi-million budget still falls short
At the other end of the spectrum, the data shows that in some ultra-pricey suburbs there’s slim pickings for even buyers with multi-million dollar budgets.
In harbourfront Sydney suburbs such as Clontarf, Longueville and Double Bay, less than 3% of houses are valued at under $3 million.
There were 24 Sydney suburbs where a $3 million budget affords less than 10% of properties, reinforcing just how pricey properties are in the city’s most exclusive suburbs.
In many of the pricey harbourfront suburbs in Sydney’s east and north, sub-$3 million houses are exceptionally rare. Picture: Getty
“These have become exclusive suburbs where people are locking up a lot of wealth,” Ms Flaherty said.
“Buying a house in them is just not even in the realm of possibilities for almost everyone.”
Even in Queens Park in Sydney’s east, where 15% of properties are valued at less than $3 million, real estate agent and Belle Property Bondi Junction principal Edward Brown said buyers would likely need to make some sacrifices to buy a home under that price point.
“The ones under $3 million are typically quite small,” he said. “It’ll most likely be a terrace rather than a semi, and it might be on a main road or something in need of significant work.”
A budget of $3 million would buy about half the houses in Balwyn, including this five-bedroom period home that sold for $2.58 million late last year. Picture: realestate.com.au/sold
In Melbourne, buyers with $3 million to spend could purchase about a quarter of houses in Toorak or Deepdene, a third of houses in East Melbourne or Canterbury and little over half of the houses in Balwyn or Malvern.
Only a third of houses in Teneriffe in Brisbane’s inner city would cost less than $3 million, but that same budget buys about two thirds of houses in New Farm, Ascot and Hamilton.
And in Perth’s priciest suburb, Peppermint Grove, just 16% of houses come in at under $3 million, while 19% of Dalkeith houses and 42% of Cottesloe houses fall under this threshold.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-06-18 12:01:102025-06-18 12:01:10Is your dream suburb within reach? Here’s what your budget really buys
New data has uncovered how far a typical home buying budget will stretch across Australia’s capital cities, and the results may be surprising.
PropTrack data shows a typical home buying budget in an Australian capital affords entry into plenty of suburbs, although the number and type of homes it buys varies wildly.
The median house price across the combined capital cities is now $1 million, according to the latest PropTrack Home Price Index, but analysis of property values shows that figure affords a lot more homes in some suburbs than in others.
To determine how far a typical home buying budget really stretches, home values in every Australian suburb were analysed to determine what proportion of properties fall under different price thresholds.
The data shows there are 106 suburbs in the capitals where 100% of houses are valued at less than $1 million, the vast majority of which are located in outer areas where land is less scarce and properties are much more affordable as a result.
Even a more modest budget of $800,000 would be sufficient to purchase 100% of houses in 30 capital city suburbs, most of which were located on the urban fringe.
On the other hand, the suburbs with the lowest proportion of houses under $1 million are found in the priciest pockets of the capitals, such as Sydney and Melbourne’s eastern suburbs or the inner suburbs of Brisbane, Adelaide and Perth.
The analysis also shows that buyers with limited budgets still have a chance to find a home in pricey areas, although they may have to adjust their expectations in suburbs where affordable homes are rarer.
Lockridge in Perth’s northwest is one of 34 suburbs in the city where 100% of homes are valued at $1 million or less. Picture: realestate.com.au/sold
The data uses PropTrack’s automated valuation model (AVM) to estimate the value of every Australian property. The proportion of the total number of homes in each suburb that fall below different price thresholds was then calculated.
The analysis includes estimates for the value of all properties, not just those currently on the market.
REA Group senior economist Anne Flaherty said the data laid bare the affordability challenges facing buyers seeking to purchase a home close to the CBDs of Australia’s largest cities.
“What it shows is that more and more people are being locked out of our inner- and middle-ring suburbs, and that’s leading to a shift in the demographics in different areas around our capital cities,” she said.
Inner suburbs are increasingly out of reach for buyers with limited budgets. Picture: realestate.com.au/sold
However, Ms Flaherty said that even pricier suburbs with small proportions of affordable houses could still have options for buyers with limited budgets, but these homes were likely to require renovations.
“The main reason you would see a home in a more expensive suburb sell at a discount is because there’s actually money that needs to be spent doing it up,” she said.
“It basically comes down to what you’re willing to compromise on – what’s more important, the location or the house?”
Ms Flaherty said knowing the proportion of homes selling within a buyer’s price range could help guide their property search.
“People might assume that a particular suburb is out of reach, but if they see they can actually afford one third of the homes in the suburb for example, it broadens the range of potential suburbs they can look in,” she said.
“Alternatively, you might have your heart set on a particular suburb, but then you can see that it’s most likely going to be out of your budget.”
Where $1 million buys the most homes
The analysis shows that buyers looking for a sub-$1 million house in a capital city are much more likely to find one in a suburb further from the CBDs, while inner suburbs typically have a much lower proportion of affordable homes.
Sydney buyers increasingly need to search further west to find sub-$1 million houses – this three-bedroom Leppington house just sold for $991,000. Picture: realestate.com.au/sold
For example, in Sydney a $1 million budget would be sufficient to buy 100% of houses in Lethbridge Park, Tregear or Blackett – among the most affordable suburbs in the city.
Number of suburbs where 100% of houses are valued at $1 million or less
City
No. of suburbs
Sydney
5
Melbourne
33
Brisbane
21
Adelaide
32
Perth
34
Darwin
23
Hobart
18
Canberra
1
Source: PropTrack
Real estate agent and Laing+Simmons Parramatta principal Ray Fayad said houses under $1 million in the Parramatta area were becoming “extremely rare”.
“It’s been ages since I sold one under $1 million,” he said.
The traditionally-affordable area was experiencing increased interest from buyers from other regions such as the inner west, Mr Fayad said, while interest rate reductions and the potential of further cuts had helped drive price growth this year.
“I’m finding a lot of the locals from here are going further west to afford a first home,” he said. “They’re going further out than they once were.”
About a third of Menai houses come in under $1.5 million, including this three-bedroom duplex that sold for just under $1.2 million late last year. Picture: realestate.com.au/sold
Bumping the maximum purchase price up to $1.5 million affords 14% of houses in Penshurst, 30% of houses in Menai and 43% of houses in Rouse Hill.
But spending up to $2 million opens up more options, including 7% of houses in Kensington, 42% of houses in Leichhardt and 73% of houses in Engadine.
A $1 million budget buys at least 10% of homes in just under half of Sydney suburbs. However, in Sydney’s 100 priciest suburbs, there are precisely zero houses that are valued at $1 million or less.
Buyers with $1.5 million to spend will find plenty of options in Engadine, where this three-bedroom home on a 591sqm corner block recently sold for $1.4 million. Picture: realestate.com.au/sold
The same budget could buy two thirds of houses in Footscray and about a quarter of houses in Yarraville or Seddon.
About a quarter of houses in Seddon and Yarraville would cost less than $1 million, including this updated two-bedroom Seddon house that recently sold for $910,000. Picture: realestate.com.au/sold
Inner west real estate agent and Village Real Estate managing director Huss Saad said entry-level houses in Yarraville or Seddon ranged from about $900,000 to $1.1 million, and could include older freestanding homes or newer townhouses.
“You can buy something sub-$1 million on a decent size block,” he said. “It might be a period home with a white picket fence that needs some work, but the opportunities are there.”
“In suburbs like Footscray and West Footscray, you can get a bit more bang for your buck.”
A $1.5 million budget would be sufficient to purchase the majority of Moonee Ponds homes, including this four-bedroom period property that sold for $1.485 million late last year. Picture: realestate.com.au/sold
Meanwhile, buyers with a larger $1.5 million budget could afford 85% of houses in Collingwood, 59% of houses in Moonee Ponds and 47% of houses in Williamstown.
But with $2 million to spend, a Melbourne buyer could afford 97% of houses in Doncaster, 82% of houses in Carlton and 74% of houses in St Kilda.
Buyers with $2 million to spend in Doncaster would be able to afford almost every property in the suburb, including this five-bedroom home that recently sold for exactly $2 million. Picture: realestate.com.au/sold
In some of the smaller capitals, there are plenty of suburbs where buyers with $1 million to spend would theoretically be able to afford any property.
Perth has 34 suburbs where all houses are valued at $1 million or less, including Lockridge, Balga, Bertram and Armadale.
In Adelaide, there were 32 suburbs where $1 million could afford every house, including Andrews Farm, Morphett Vale and Ottoway.
Brisbane has 21 suburbs fitting the same brief, most of which are in the Ipswich and Logan regions, including Riverview, Woodridge and Crestmead.
Number of suburbs where 100% of units are valued at $1 million or less
City
No. of suburbs
Sydney
45
Melbourne
114
Brisbane
62
Adelaide
92
Perth
76
Darwin
31
Hobart
25
Canberra
30
Source: PropTrack
For buyers searching for an affordable unit, there are plenty of suburbs that are in contention, and many more options closer to city centres.
In Sydney, buyers will find a high proportion of units priced under $500,000 in Carramar (69%), Lakemba (67%), Harris Park (58%) and Cabramatta (52%).
Carlton has a high proportion of sub-$500k units, including this one-bedder with park and city views that recently sold for $493,000. Picture: realestate.com.au/sold
Melbourne buyers with the same budget would find a big share of sub-$500,000 units in Melton (97%), Notting Hill (75%), Carlton (61%) and the CBD (50%).
Suburbs where a multi-million budget still falls short
At the other end of the spectrum, the data shows that in some ultra-pricey suburbs there’s slim pickings for even buyers with multi-million dollar budgets.
In harbourfront Sydney suburbs such as Clontarf, Longueville and Double Bay, less than 3% of houses are valued at under $3 million.
There were 24 Sydney suburbs where a $3 million budget affords less than 10% of properties, reinforcing just how pricey properties are in the city’s most exclusive suburbs.
In many of the pricey harbourfront suburbs in Sydney’s east and north, sub-$3 million houses are exceptionally rare. Picture: Getty
“These have become exclusive suburbs where people are locking up a lot of wealth,” Ms Flaherty said.
“Buying a house in them is just not even in the realm of possibilities for almost everyone.”
Even in Queens Park in Sydney’s east, where 15% of properties are valued at less than $3 million, real estate agent and Belle Property Bondi Junction principal Edward Brown said buyers would likely need to make some sacrifices to buy a home under that price point.
“The ones under $3 million are typically quite small,” he said. “It’ll most likely be a terrace rather than a semi, and it might be on a main road or something in need of significant work.”
A budget of $3 million would buy about half the houses in Balwyn, including this five-bedroom period home that sold for $2.58 million late last year. Picture: realestate.com.au/sold
In Melbourne, buyers with $3 million to spend could purchase about a quarter of houses in Toorak or Deepdene, a third of houses in East Melbourne or Canterbury and little over half of the houses in Balwyn or Malvern.
Only a third of houses in Teneriffe in Brisbane’s inner city would cost less than $3 million, but that same budget buys about two thirds of houses in New Farm, Ascot and Hamilton.
And in Perth’s priciest suburb, Peppermint Grove, just 16% of houses come in at under $3 million, while 19% of Dalkeith houses and 42% of Cottesloe houses fall under this threshold.
Capital city suburbs where an $800,000 budget affords the greatest share of houses
Rank
Suburb
City
Median house value (AVM)
% of houses below $800k
1
Crangan Bay
Sydney
$719,000
82%
2
Doyalson
Sydney
$735,000
80%
3
San Remo
Sydney
$737,000
79%
4
Gorokan
Sydney
$755,000
73%
5
Mannering Park
Sydney
$742,000
72%
6
Warragamba
Sydney
$770,000
69%
7
Charmhaven
Sydney
$769,000
68%
8
Tregear
Sydney
$786,000
66%
9
Halekulani
Sydney
$775,000
64%
10
Airds
Sydney
$784,000
63%
1
Frankston North
Melbourne
$609,000
100%
2
Coolaroo
Melbourne
$554,000
100%
3
Melton South
Melbourne
$509,000
100%
4
Jacana
Melbourne
$613,000
100%
5
Broadmeadows
Melbourne
$582,000
100%
6
Broadmeadows
Melbourne
$582,000
100%
7
Kings Park
Melbourne
$621,000
100%
8
Dallas
Melbourne
$548,000
100%
9
Weir Views
Melbourne
$591,000
100%
10
Doveton
Melbourne
$608,000
100%
1
Leichhardt
Brisbane
$607,000
99%
2
Churchill
Brisbane
$625,000
99%
3
Gailes
Brisbane
$609,000
99%
4
Dinmore
Brisbane
$583,000
98%
5
Riverview
Brisbane
$613,000
98%
6
One Mile
Brisbane
$612,000
98%
7
Ebbw Vale
Brisbane
$619,000
98%
8
Basin Pocket
Brisbane
$575,000
98%
9
Laidley North
Brisbane
$602,000
98%
10
Woodridge
Brisbane
$656,000
98%
1
Kwinana Town Centre
Perth
$598,000
100%
2
Stratton
Perth
$592,000
100%
3
Medina
Perth
$536,000
100%
4
Calista
Perth
$567,000
100%
5
Hillman
Perth
$603,000
100%
6
Koondoola
Perth
$630,000
100%
7
Brookdale
Perth
$585,000
100%
8
Lockridge
Perth
$610,000
100%
9
Orelia
Perth
$598,000
100%
10
Parmelia
Perth
$595,000
100%
1
Elizabeth Downs
Adelaide
$555,000
100%
2
Elizabeth Park
Adelaide
$554,000
100%
3
Salisbury North
Adelaide
$606,000
100%
4
Davoren Park
Adelaide
$528,000
100%
5
Elizabeth North
Adelaide
$510,000
100%
6
Elizabeth Grove
Adelaide
$565,000
100%
7
Elizabeth East
Adelaide
$576,000
100%
8
Smithfield Plains
Adelaide
$538,000
100%
9
Elizabeth South
Adelaide
$541,000
100%
10
Christie Downs
Adelaide
$656,000
99%
1
Gagebrook
Hobart
$376,000
100%
2
Herdsmans Cove
Hobart
$381,000
100%
3
Clarendon Vale
Hobart
$441,000
100%
4
Chigwell
Hobart
$487,000
100%
5
Warrane
Hobart
$550,000
100%
6
Goodwood
Hobart
$525,000
100%
7
Risdon Vale
Hobart
$456,000
99%
8
Bridgewater
Hobart
$407,000
99%
9
New Norfolk
Hobart
$454,000
99%
10
Rokeby
Hobart
$511,000
99%
1
Moulden
Darwin
$480,000
100%
2
Gray
Darwin
$485,000
100%
3
Driver
Darwin
$510,000
100%
4
Woodroffe
Darwin
$517,000
100%
5
Malak
Darwin
$534,000
100%
6
Bakewell
Darwin
$537,000
100%
7
Karama
Darwin
$514,000
100%
8
Rosebery
Darwin
$620,000
99%
9
Wagaman
Darwin
$545,000
99%
10
Wulagi
Darwin
$567,000
99%
1
Belconnen
Canberra
$674,000
89%
2
Charnwood
Canberra
$722,000
84%
3
Phillip
Canberra
$702,000
80%
4
Macnamara
Canberra
$641,000
61%
5
Banks
Canberra
$778,000
56%
6
Holt
Canberra
$796,000
52%
7
Richardson
Canberra
$798,000
51%
8
Ngunnawal
Canberra
$798,000
51%
9
Lawson
Canberra
$826,000
47%
10
Macgregor
Canberra
$809,000
46%
Source: PropTrack. Excludes suburbs with fewer than 100 properties with medium / high confidence estimate.
Capital city suburbs where a $500,000 budget affords the greatest share of units
Rank
Suburb
City
Median value (AVM)
% of units below $500k
1
Vineyard
Sydney
$366,000
91%
2
Chain Valley Bay
Sydney
$440,000
84%
3
Carramar
Sydney
$452,000
69%
4
Lakemba
Sydney
$467,000
68%
5
Berkeley Vale
Sydney
$457,000
67%
6
Wiley Park
Sydney
$468,000
66%
7
Harris Park
Sydney
$488,000
58%
8
Cabramatta
Sydney
$494,000
52%
9
Mount Druitt
Sydney
$491,000
51%
10
Fairfield
Sydney
$495,000
51%
1
Melton South
Melbourne
$382,000
98%
2
Melton
Melbourne
$398,000
97%
3
Harkness
Melbourne
$449,000
93%
4
Brookfield
Melbourne
$424,000
91%
5
Darley
Melbourne
$424,000
84%
6
Travancore
Melbourne
$353,000
84%
7
Melton West
Melbourne
$450,000
83%
8
Kurunjang
Melbourne
$455,000
81%
9
Hoppers Crossing
Melbourne
$456,000
79%
10
Werribee
Melbourne
$443,000
79%
1
Kooralbyn
Brisbane
$352,000
100%
2
Logan Central
Brisbane
$399,000
95%
3
Moores Pocket
Brisbane
$436,000
84%
4
Woodridge
Brisbane
$439,000
79%
5
Mount Warren Park
Brisbane
$480,000
66%
6
Beenleigh
Brisbane
$469,000
63%
7
Churchill
Brisbane
$481,000
60%
8
Waterford West
Brisbane
$493,000
53%
9
Booval
Brisbane
$496,000
52%
10
Goodna
Brisbane
$528,000
45%
1
Orelia
Perth
$367,000
88%
2
Lockridge
Perth
$427,000
80%
3
Parmelia
Perth
$456,000
70%
4
Safety Bay
Perth
$472,000
70%
5
Shoalwater
Perth
$430,000
68%
6
Wellard
Perth
$488,000
65%
7
Glendalough
Perth
$437,000
65%
8
Swan View
Perth
$468,000
64%
9
Mandurah
Perth
$478,000
58%
10
Cooloongup
Perth
$494,000
57%
1
Bedford Park
Adelaide
$420,000
73%
2
Elizabeth East
Adelaide
$470,000
67%
3
Kilburn
Adelaide
$474,000
60%
4
Angle Park
Adelaide
$460,000
59%
5
Andrews Farm
Adelaide
$469,000
55%
6
Keswick
Adelaide
$465,000
55%
7
Para Vista
Adelaide
$493,000
55%
8
Salisbury
Adelaide
$484,000
54%
9
Kurralta Park
Adelaide
$472,000
54%
10
New Port
Adelaide
$488,000
53%
1
Bridgewater
Hobart
$368,000
99%
2
New Norfolk
Hobart
$419,000
95%
3
Glenorchy
Hobart
$439,000
89%
4
Brighton
Hobart
$446,000
87%
5
Montrose
Hobart
$455,000
84%
6
Berriedale
Hobart
$454,000
80%
7
Moonah
Hobart
$457,000
76%
8
Claremont
Hobart
$449,000
76%
9
Lutana
Hobart
$471,000
73%
10
Rosetta
Hobart
$475,000
65%
1
Gray
Darwin
$307,000
100%
2
Yarrawonga
Darwin
$324,000
100%
3
Driver
Darwin
$326,000
100%
4
Woodroffe
Darwin
$331,000
100%
5
Moulden
Darwin
$331,000
100%
6
The Narrows
Darwin
$397,000
100%
7
Karama
Darwin
$286,000
100%
8
Malak
Darwin
$303,000
99%
9
Bakewell
Darwin
$328,000
99%
10
Leanyer
Darwin
$371,000
99%
1
Hughes
Canberra
$332,000
77%
2
Gungahlin
Canberra
$466,000
70%
3
Lyons
Canberra
$388,000
69%
4
Curtin
Canberra
$422,000
68%
5
Hackett
Canberra
$415,000
65%
6
Hawker
Canberra
$400,000
62%
7
Chifley
Canberra
$450,000
57%
8
Belconnen
Canberra
$488,000
53%
9
Greenway
Canberra
$516,000
48%
10
Franklin
Canberra
$505,000
47%
Source: PropTrack. Excludes suburbs with fewer than 100 properties with medium / high confidence estimate.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-06-18 12:01:102025-06-18 12:01:10The best Aussie suburbs for finding an affordable property
Melbourne suburbs where houses remain affordable for buyers.
Stretching the budget from a unit to a house makes sense for a savvy buyer in suburbs where the difference can be less than the cost of a new car.
New Ray White data reveals areas such as Doveton, Melton South and Hampton Park East, the gap between the median price for houses and units is as little as $58,000, opening the door for buyers to set their sight on a full-sized home.
Ray White chief economist Nerida Conisbee said the figures challenge the belief that units were always the most affordable entry point.
“In some parts of Melbourne, houses are still very achievable,” she said.
“If the gap is small, and you’re planning to stay for the long term, stretching for a house can be a very smart move.”
Buyers were often surprised to find just how close house prices were to units in outer suburbs, Ms Conisbee said.
“It’s not everywhere, but where that gap is narrow, it’s absolutely worth looking at houses instead.”
In Doveton, the median unit price sits at $487,500, compared to $545,000 for a house, a difference of just $57,500.
Houses were within reach in Melton South, a gap of $62,500, Hampton Park East, $72,500, Werribee, $90,000, and Craigieburn, $110,000.
Ni Advocacy director and buyers advocate Kevin Ni said young buyers are bypassing units in outer suburbs like Melton and Hampton Park East to secure full-sized houses with better land, value and long-term growth.
Ni Advocacy buyers advocate Kevin Ni said home prices was forcing buyers to rethink old assumptions and location was no longer the only driver to get in to the market.
“When you’re looking at a $60,000 difference, and you get more land, privacy, and long-term growth potential, it’s worth stretching for the house,” Mr Ni said.
“We’re seeing some buyers turn away from units altogether in suburbs like these, especially with help from parents or the first home guarantee.”
Mr Ni said that while many younger buyers were drawn to units in inner suburbs for lifestyle, families and second-time buyers were increasingly seeking value on the fringe.
“People are getting smarter about trade-offs. They’re prioritising land and growth over postcode prestige.”
Independent economist Cameron Kusher said the price gap between houses and units remained relatively modest in some growth areas.
“In blue-chip areas, houses have skyrocketed and units haven’t kept pace,” Mr Kusher said.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-06-18 12:01:102025-06-18 12:01:10Melbourne suburbs where houses remain affordable for buyers
The two-storey 1960s-built home at 27 Esplanade attracted more than a dozen offers before the deal was sealed.
Property records show the previous top sale for a house in the council area was the South Brighton residence at 181 Esplanade, which sold for $6.375m in July 2024.
Mr Fahey said some buyers, including those looking to purchase their first home, could be priced out of many suburbs if homes continued to smash records.
Ouwens Casserly Real Estate executive director Alex Ouwens agreed it could make getting into the market harder for some.
He said a range of factors, including further interest rate cuts forecast over the next year, could give some more buying power but it could also further inflate prices.
“When people have more money in their pockets, they’ve got more to put into a house,” he said.
The Somerton Park home at 27 Esplanade broken the house price record for its council area.
It was snapped up for $7.65m.
Ouwens Casserly managing director Alex Ouwens.
“Normally when you get a couple of really good sale prices in a suburb, it recalibrates values to a degree.
“I think there is a little bit of a plateau in the market at the moment, especially in that middle range.
“But the affordable end of the market is still quite strong and we’re really seeing a fair bit of strength in the premium market.”
Mr Ouwens said Adelaide has had a tight supply for years, which has been worsened by low new listings this winter and high barriers to new builds, including labour shortages, material costs and planning red tape.
“Buyers, especially families upsizing or interstate returnees, are forced to compete for the best homes,” he said.
“Adelaide’s market is being driven by a unique combo: high demand, low supply, and relative affordability compared to the bigger capitals.
“Add motivated, cashed-up buyers and a bit of competition, and suburb records are the natural outcome.”
Mr Ouwens said not every property would break records so it was important for sellers to speak to a real estate specialist in their area to get a realistic expectation of what their home might sell for.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-06-18 12:01:102025-06-18 12:01:10Adelaide homes smashing records as demand for premium properties rises
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