The ABC is trying to convince us that there’s value where angels fear to tread:
Charnwood has been identified as Canberra’s cheapest suburb for housing, followed by Crace and Ngunnawal.
The RP Data guide shows Canberra house prices rose 3.7 per cent in the past year, taking the median house price in Charnwood to $385,852, with Crace at $392,308 and Ngunnawal at $421,261.
Holt ($431,361), Macgregor ($437,826), Casey ($439,233), Higgins ($441, 604), Richardson ($444,071), Scullin ($446, 806) and Latham ($455,727) make up the top 10 most affordable suburbs.
The four most expensive suburbs are in Canberra’s inner-south with Griffith ($1.2 million), Red Hill ($1.18 million), Yarralumla ($1.15 million), and Deakin ($1.06 million).
Turner ($966,313), Kingston ($922,620), Campbell ($867,852), Isaacs ($815,898), O’Connor ($772,333) and Garran ($758,919) make up the 10 most expensive suburbs.
The most affordable suburbs to purchase a unit are Curtin ($289,100), Duffy ($296,131) and Lyons ($301,027).
Yarralumla ($804,342), Deakin ($785,105) and Ainslie ($682,949) are the most expensive suburbs to buy a unit.
A house in Ungarie (to the West of West Wyalong) is the cheapest in Australia at $58,000, but really you’d be better off moving to Bali.