4 property market trends to expect in 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
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.
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, with a median unit price of $195,472, while was third with a median price of $206,196.
The final two suburbs in the top five most affordable for units were Glenorchy. The pair recorded median prices less than $200 apart, at $207,232 and $207,356 respectively.and
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.
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).
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).
Our nation’s capital recorded Charnwood as the most affordable suburb for houses ($400,119) and as the most affordable suburb for units ($314,946).