Where to find Australia’s most affordable and liveable suburbs

However, it’s not just about finding the cheapest suburbs to live in. The suburbs named by the report needed to meet a set of criteria to be included in the coveted list. 

In terms of affordability, suburbs were judged by having a median price below a set threshold and by adding a percentage premium to the state’s respective average home loan. 

Suburbs that were listed also needed to have decent rental yields (meaning they needed to have a similar or higher rental yield than the relevant city metro area, and a similar or lower vacancy rate) and a high estimated value of future project and infrastructure development to ensure that the suburbs showed signs of sustainable economic growth. 

Having low crime rates, an unemployment rate on par with, or lower than, the state average, and proximity to amenities like schools, public transport, shopping centres, green spaces, and health services were also some of the criteria used to analyse the suburbs. 

Simply put, the suburbs listed needed to have everything a home buyer would need for the most affordable price point. 

So whether you’re buying a unit or a house, here are the suburbs worthy of a closer look: 

Sydney’s most affordable and liveable suburbs

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Melbourne’s most affordable and liveable suburbs

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Brisbane’s most affordable and liveable suburbs

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 Hobart’s most affordable and liveable suburbs

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