ABCDiamond

Some Locations where the Median Property Prices are under $300,000

MELBOURNE
$242,000 Carlton - 2 km from city
$265,000 St Albans - 15.4 km from city
$270,000 Meadow Heights - 18.8 km from city
$278,750 Lalor - 17.4 km from city
$280,000 Craigieburn - 26.4 km from city
$285,000 Noble Park - 25.4 km from city
$295,000 Bayswater North - 28.5 km from city

HOBART
$158,375 Derwent Park - 5.8 km from city
$230,000 Mornington - 6.1 km from city
$231,250 Lutana - 4.9 km from city

SYDNEY
$185,000 Carramar- median price $185,000 - 22 km from city
$195,000 Warwick Farm - 25.6 km from city
$210,000 Cabramatta - 25 km from city
$220,000 Lakemba - 13.6 km from city
$230,000 Winston Hills - 22 km from city
$235,000 Wiley Park - 14.6 km from city
$240,000 Punchbowl - 16.1 km from city
$243,000 Fairfield - 23.4 km from city
$244,000 Glenfield - 31kms from cit
$249,000 Liverpool - 27km from city

BRISBANE
$185,000 Logan Central - 22 km from city
$215,000 Woodridge - 19.1 km from city
$234,000 Waterford West - 26.4 km from city
$234,500 Goodna - 20.1 km from city
$240,000 Slacks Creek - 21.1 km from city
$242,500 Loganlea - 24.9 km from city
$253,100 Gailes - 19.7 km from city
$256,000 Riverview - 22.4 km from city
$265,000 Tivoli - 28.1 km from city
$270,000 Redbank Plains - 26.8 km from city

http://au.todaytonight.yahoo.com/art...al/city-living

elice_in_oz

That would be for a unit in Carlton, and most likely ex-council flat in a tower... AFAIK median house price in Carlton is in excess of $750,000.
I didn't watch the program (can't stomach it) but I hope they did clarify what you could get for that money...
My guess is not many newer units have sold recently, hence the low median. What quarter was the figure for?

bcworld

I think Carlton figures are propably skewed by a large number of those student flat investment properties...the kind that are very cheap but have a decent and normally guaranteed return.

ABCDiamond

As they say: Changes in median prices may not reflect changes in property values. A median drop could mean an increase in sale activity of lower-priced homes.

asprilla

If anyone is reading this back in the UK - steer clear of these suburbs.

The Flintstones

All in far south east, south West, Brisbane.

pomtastic

Interesting that you've bought this up ABCDiamond as it's highlighted again the fact how expensive Aus is to UK property prices with the GBP weakening again.

Average UK property price is around £180K and beginning to decline again in Round 2 from what I'm reading in the UK press. £180K is about $300K. Liverpool's average price is £120K, no more scousers to Aus then!!!

Weebie

Those Counsil units in Carlton are awful. Would be like living in Croxteth again.

Weebie

Probably the worst suburb in Australia. 4 Guns per person and if you're white do not go there.

iamthecreaturefromuranus

I'm sure he will be along to explain how that isn't the case and it's all to do with earnings ratio

IvanM

Come to Australia and live in a violent hole as that is all you will be able to afford.

ABCDiamond

I think this one may beat yours...

Woodridge - 19.1 km from city

ABCDiamond

No need to, you've already done it

I'll have to check the actual ratios though...

mr mover

There,s more to Australia than just the east coast............MM

harrip

Yup. And more than living near to a city.