The hottest spots for under 30s across Australia
A new study shows where Australians under 30 want to live by analysing mortgage applications, including the country’s most popular state or territory.
According to research by credit scoring and information service Credit Simple, Queensland is the most popular state for mortgage applications by people under 30.
Breaking down each state and territory across January to June 2017, Queensland had 17 per cent of its mortgage applicants under 30 years old, higher than the national average at 15 per cent.
This was followed by Western Australia at 16 per cent, South Australia at 15 per cent, Victoria at 14 per cent, NSW and Tasmania at 13 per cent, the Australian Capital Territory at 12 per cent and the Northern Territory at 11 per cent.
“Strategies for young Aussies [to] get into the property market are hotly debated, with commentators regularly providing tips from reducing your avo on toast intake to advising people to get higher paid jobs,” said Credit Simple spokesperson Emily Price.
“We’re not sure about the going rate for avocados in Queensland, but it’s clear that it’s one of the best places for young Aussies to get on the property ladder. With average asking prices of $476,406 for a house in Brisbane, it’s a lot more affordable than other major cities such as Sydney ($799,000).”
The research also revealed the top five postcodes and suburbs for mortgage applications by under 30s across the country and in each state and territory:
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