Australia's most valuable suburbs named | Property | News.com.au
WHEN buying a new home location is everything. And now there's research to prove it.
The St George Bank national property hotspots report has identified the top 24 suburbs around Australia likely to provide the strongest value for home buyers.
The suburbs were selected for their proximity to central business districts, transport and retail outlets, as well as renovation potential and strong pricing.
"Many opportunities still exist to buy well located, affordable properties in capital cities and regional areas," the report said.
The cheapest suburb in the country is Redan, in the regional city of Ballarat, Victoria, where the current median house price is $190,000.
Ashburton, a suburb 12 kilometres southeast of Melbourne, was the most expensive with a median price of $706,750.
Some of the other standout suburbs were Granville (Sydney), Chadstone (Melbourne), Keperra (Brisbane), Bassendean (Perth), and Thebarton (Adelaide).
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