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Hobart’s most affordable suburbs revealed

By Staff Reporter
Hobart
2

New data has revealed the most affordable suburbs for both houses and units in Tasmania's capital city.

The figures released by CoreLogic RP Data are based on median values of suburbs with at least 10 sales over the 12 months to January 2016.

The most affordable capital city suburb for houses on the Apple Isle was Herdsmans Cove, with a median price of $137,724.

Neighbouring suburb Gagebrook took out second place with a median house price of $140,650.

Clarendon Vale was next best, recording a median house price of $154,642.

Bridgewater and Risdon Vale rounded out the top five most affordable suburbs for houses in Hobart with median prices of $172,947 and $177,977 respectively.

New Norfolk took out the title of most affordable suburb for units, with a median unit price of $193,015.

This was closely followed by Claremont, with a median unit price of $195,472, while Brighton was third with a median price of $206,196.

The final two suburbs in the top five most affordable for units were Montrose and Glenorchy. The pair recorded median prices less than $200 apart, at $207,232 and $207,356 respectively.

Looking at the other states and territories, Spencer topped the list for most affordable for houses in New South Wales with a median price of $342,372, while Vineyard came in first for units with a median price of $173,907.

Melton was named most affordable Victorian suburb for houses ($265,335), and Fingal for units ($202,857).

Queensland’s Russel Island recorded a median house price of $225,655 to secure the number one position for houses, while Bethania was named Queensland’s most affordable for units ($169,448).

In South Australia, Davoren Park ($179,954) and Evanston ($132,682) took the top positions for most affordable suburbs for houses and units respectively.

Medina was named most affordable suburb for houses in Western Australia with a median price of $276,935, while Orella was WA’s most affordable suburb for units ($204,496).

The Northern Territory saw Moulden take out the top spot for houses ($465,257) and Wagaman for units ($320,463).

Our nation’s capital recorded Charnwood as the most affordable suburb for houses ($400,119) and Chifley as the most affordable suburb for units ($314,946).

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%