The ABC has the grim news that despite the best part of a decade of housing affordability plans Canberra remains the most expensive place in Australia to buy a home.
Charnwood, our cheapest, is four times the price of Australia’s cheapest suburb, Tasmania’s Queenstown:
Charnwood is Canberra’s cheapest suburb, coming in at 1,260.
Charnwood has a median house price of $381,579, more than four times more expensive than Australia’s most affordable suburb, Queenstown in Tasmania.
Ngunnawal ($417,925), Macgregor ($427,661), Holt ($429,121) and Higgins ($439,925) round out the ACT’s five cheapest suburbs, based on median house values.
But Craig Bright from the Real Estate Institute says the figures work off median house prices and do not present an accurate picture.
“Most suburbs in Canberra have a wide diversity of housing and that will of course, depending on what is selling, throw the median price out,” he said.