What regions are Millennials moving to?
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Adelaide and Brisbane are the most affordable capital cities in which to buy units, a new report from RP Data has revealed.
RP Data analysed median unit sales prices across the capital cities to devise a list of the top 10 most affordable suburbs.
The suburbs in Adelaide’s far north offered investors a low buy-in price, with units in Elizabeth Vale selling for a median value of $143,452.
Adelaide had another two entries in the top 10, with Salisbury North at numbers six and 10 respectively.and
Salisbury is located next to the Playford region, suggesting Adelaide’s northern suburbs are a hub of affordability.
In Queensland, meanwhile, Logan took out four spots, including third and fourth.
The region is around 40 minutes from the Brisbane CBD, connected by train and highway links.
Units in the town’s central business district, Logan Central, were available for a median price of $171,459.
Meanwhile, the median unit price in neighbouring Woodridge was around $182,648.
Tasmania also featured, with the small town of New Norfolk squeezing into the top five.
Just 30 minutes from the Hobart CBD, the area has units available for a median value of $183,601.
Berriedale in the north of Hobart was also highlighted for its affordable price point of $184,217.