State’s 10 most affordable suburbs
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State’s 10 most affordable suburbs

By Staff Reporter
Affordable suburbs

New figures have revealed the cheapest suburbs for buyers to acquire real estate.

The Real Estate Institute of Tasmania (REIT) noted that housing affordability in the state has improved in recent months, with the proportion of income required to meet home loan repayments decreasing 0.7 percentage points.

Sales in the state have also slightly recovered, after falling 5.3 per cent over the March quarter, with a 3.5 increase over the June quarter.

Tasmania recorded over $774 million worth of property transactions in the June quarter, up 4.9 per cent from last quarter and a 10.2 per cent increase on the same quarter in 2015.

The REIT revealed the most affordable suburbs in the state and their median prices are:

1. Zeehan – $55,000
2. Queenstown– $62,000
3. George Town – $123,000
4. Clarendon Vale – $130,000
5. Smithton – $133,500
6. Ravenswood – $139,000
7. Scottsdale – $144,000
8. Gagebrook – $145,000
9. Primrose Sands – $160,000
10. Beauty Point – $162,500

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
SOLDIERS POINT 48.92%
2.
BLUE BAY 43.96%
3.
BERKELEY VALE 42.74%
4.
LEMON TREE PASSAGE 42.55%
5.
NORTH NARRABEEN 40.19%
State’s 10 most affordable suburbs
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