Where are the affordable properties?

Increased international migration has meant Australia’s estimated population has grown to 27 million, placing further pressure on housing affordability. With the situation becoming more dire, there are increasing calls for affordable housing solutions.

This month, we look at where affordable options are available currently. We look at the number of sales under $750,000 for houses, and $500,000 for units. This list will show you where the affordable houses and units are across Australia.

Perth has a lot of affordable housing. Baldivis, Armadale and Gosnells, in Perth’s south, all had more than 400 sales under $750,000 last year. In contrast, no suburb in Sydney offered more than 40 sales a year for under $750,000.

In the same cities, Melbourne appears to have sold the most affordable units. Melbourne often makes the most sales out of any capital city, made up largely by the number of units in the inner city. A massive 871 units were sold in Melbourne CBD last year for under $500,000.

Perth appears to offer many affordable units as well as houses, the second most out of all capital cities. Perth has seen strong price growth in the last 12 months, which makes such a strong showing a potentially temporary situation.