Sydney is the only capital where it’s almost impossible to buy an apartment in the heart of the city for less than $500,000, new CoreLogic research has found.
Heading out from the centre of Sydney, the first suburb you come to where the median unit price is under $500,000 is Lakemba – which is 12.4 kilometres from the CBD.
The next four suburbs on CoreLogic’s list are Wiley Park, Punchbowl, Regents Park and Guildford (see below).
But residents of the other capitals – including Melbourne – can find suburbs in the heart of their city where the median unit price is under $500,000.
For a $500,000 property, anyone who wanted to take out a home loan with a loan-to-value (LVR) ratio of 80 per cent would need to save a deposit of $100,000 and borrow $400,000.
Sydney
|
Suburb |
Median value |
Kilometres from CBD |
|
Lakemba |
$435,314 |
12.4 |
|
Wiley Park |
$439,000 |
14.3 |
|
Punchbowl |
$495,749 |
15.6 |
|
Regents Park |
$481,749 |
16.0 |
|
Guildford |
$484,938 |
17.4 |
Melbourne
|
Suburb |
Median value |
Kilometres from CBD |
|
Melbourne |
$487,071 |
0.0 |
|
Carlton |
$406,579 |
1.4 |
|
Flemington |
$394,625 |
3.8 |
|
Kensington |
$489,413 |
3.9 |
|
Travancore |
$403,749 |
4.0 |
Brisbane
|
Suburb |
Median value |
Kilometres from CBD |
|
Brisbane City |
$473,101 |
0.0 |
|
Spring Hill |
$405,351 |
0.6 |
|
South Brisbane |
$467,662 |
0.7 |
|
Kangaroo Point |
$487,604 |
0.8 |
|
Fortitude Valley |
$396,391 |
0.8 |
Adelaide
|
Suburb |
Median value |
Kilometres from CBD |
|
Adelaide |
$420,871 |
0.0 |
|
Kent Town |
$444,757 |
0.2 |
|
Lightsview |
$360,304 |
0.8 |
|
Gilberton |
$475,326 |
0.9 |
|
Trinity Gardens |
$395,343 |
0.9 |
Perth
|
Suburb |
Median value |
Kilometres from CBD |
|
Perth |
$419,148 |
0.0 |
|
Northbridge |
$439,407 |
0.9 |
|
West Perth |
$425,270 |
1.5 |
|
East Perth |
$445,251 |
1.5 |
|
Highgate |
$332,451 |
1.8 |
Hobart
|
Suburb |
Median value |
Kilometres from CBD |
|
West Hobart |
$472,055 |
1.5 |
|
North Hobart |
$453,070 |
1.6 |
|
Dynnyrne |
$378,976 |
2.2 |
|
Mount Stuart |
$348,694 |
2.4 |
|
South Hobart |
$375,052 |
2.8 |
Darwin
|
Suburb |
Median value |
Kilometres from CBD |
|
Darwin City |
$423,989 |
0.0 |
|
The Gardens |
$422,001 |
1.3 |
|
Larrakeyah |
$470,331 |
1.5 |
|
Stuart Park |
$427,098 |
1.5 |
|
Woolner |
$443,406 |
2.9 |
Canberra
|
Suburb |
Median value |
Kilometres from CBD |
|
Dickson |
$416,393 |
0.6 |
|
Braddon |
$449,901 |
0.9 |
|
Reid |
$449,927 |
0.9 |
|
O’Connor |
$456,499 |
2.2 |
|
Downer |
$393,709 |
3.3 |
