It has been extremely difficult for first-time buyers to get into the homebuying market in Australia due to the boom in housing. Even with all the incentives that are available to property novices, Sydney, Canberra, and Melbourne have all surpassed $1 million in median house prices. Even with these incentives it might not seem sufficient to secure your home.

If you’re looking to get a key in the door of a new home for the first time, there are still many suburbs well below the $1 million figure across Australia.

What are the best places to buy property in Australia?

CoreLogic provides exclusive data to Your Mortgage. It shows a list with the lowest median property prices in each town. These areas are often located in remote locations, which means they are often overlooked by most homebuyers. These locations could become more popular as remote working becomes more common. This gives employees more freedom to choose where they would like to live without having to consider the distance to their workplace.

CoreLogic identified the 10 best places to buy property at the lowest price.



Type of property

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Laguna Quays








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The cheapest house prices for 2022 in suburbs that are closer to CBDs

Remote living isn’t for everyone. It may not be feasible for people who want to live close to their capital city to purchase a property. Your Mortgage carried out market research to determine which suburbs are the most affordable for inner-city living.


Your Mortgage identified suburbs within 10 kilometres of capital cities in each state or territory. CoreLogic provided the most recent house price data and we chose the suburbs with the lowest median house values in the area.

These locations may be suitable for professionals and first-time homebuyers who are looking to strike a good balance between housing costs and accessibility to their city workplaces. All data are correct as of 29 March 2022.

Waterloo (NSW 2017)

  • Capital city nearest to you: Sydney

  • Distance to CBD5.9 km

  • Median house price: $1,290,000

Sydney is the most expensive suburb to purchase a house in Australia. With a current median house price of over $1.4 million, it’s clear to see why it’s difficult for people to break into the market.

Waterloo is a great option if you’re looking for a house that’s priced lower than the median in Sydney. The current median house price is $1.2 million. Dotted with Victorian terraces, Waterloo is known locally as the ‘10 minutes to anywhere suburb’. This suburb is slowly becoming more gentrified. It has gone from being predominantly industrial to becoming increasingly residential.

Maidstone VIC 3012

  • Capital city nearest to you: Melbourne

  • Distance to CBD 9 km

  • Median home price: $863,500

Melbourne property prices have been rising, with the median home price at $998,356. Just nine kilometres out of Melbourne’s CBD, the suburb of Maidstone offers more affordable houses with a median price of $863,500.

Tingalpa, QLD 4173

  • Capital city nearest to you: Brisbane

  • Distance to CBD 10 km

  • Median home price: $743,000

Similar to most major cities in Australia, Brisbane house prices are also now at a record high median of $828,175. Tingalpa has properties that are more affordable for those with smaller budgets.

A three-bedroom house with a median price of $743,000 currently has a family score 9/10. There are many schools, parks, lagoons, and walking paths in the area. About 85% workers can drive to work.

Evatt ACT 2617

  • Capital city nearest to you: Canberra

  • Distance to CBD 9 km

  • Median home price: $815,556

If you are looking for an affordable house in the ACT, then you should consider buying a home in Evatt.

Evatt is an attractive choice for buyers who are looking for quieter neighborhoods that are still within Canberra’s central business district.

It takes workers just 10 minutes to reach the CBD in Evatt, while a cyclist can take 25 minutes.

Risdon Vale TAS 7016

  • Capital city nearest to you: Hobart

  • Distance to CBD 7 km

  • Median home price: $402,000

The city of Hobart in Tasmania also experienced a surge in property values over the last year, with the median house price breaking $781,069.

Risdon Vale might be a good option if you are looking for an affordable home. The median home price in the area is $92,000, which is just nine kilometres away from Hobart. The current median home price for a three-bedroom home with three bedrooms is $402,000.

Risdon Vale scores seven out of 10 for family satisfaction. There are many schools, sports outlets, and other amenities in the area. A small population of approximately 3,000 residents means that most people travel to the CBD by car.

Cannington, WA 6107

  • Capital city nearest to you: Perth

  • Distance to CBD 8 km

  • Median home price: $437,000

The median house price in Perth has also reached its highest point of $595,837, but you can find significantly cheaper properties in the surrounding suburbs of Maylands, Westminster, Como, and Cannington.

The median price for a house with three bedrooms in Cannington is $437,000.

There are many schools, hospitals, daycare centres, and baby shops in the suburb that can cater to the needs families with children. Cannington scores eight out of 10 for family score.

The Westfield Carousel is also located here, which is one of the largest shopping centers in the Perth metropolitan region.

The area is served by Albany Highway, which acts as the main route to the Perth CBD. The Cannington Interchange is available to the area, as well as State Route 26, which gives access to Kwinana Freeway.