The top 20 list consisted entirely of unit markets, spread over Western Australia (7), South Australia (7), Queensland (3), the ACT (2) and the Northern Territory (1).

Well Home Loans CEO Scott Spencer said this research is designed to help entry-level buyers and those on modest incomes find good homes in good areas.

"Notably, the top 20 list consists entirely of unit markets. Data from the Australian Bureau of Statistics shows that house prices have grown faster than unit prices over the long-term, so that's something for buyers to bear in mind," Mr Spencer said.

"It has definitely become harder for first home buyers and young families to buy properties that are affordable, desirable and relatively close to capital city CBDs, but this report proves it's not impossible.

“That said, if your budget is $750,000 and you want to live within commuting distance of the city centre, your options are limited."

Top 20 Affordable Suburbs Close to CBDs

Suburb, State, Postcode


Median Sale Price

Westbourne Park, SA, 5041



Black Forest, SA, 5035



Macquarie, ACT, 2614



Henley Beach South, SA, 5022



Baldivis, WA, 6171



Wembley, WA, 6014



Leanyer, NT, 0812



Curtin, ACT, 2605



Bibra Lake, WA, 6163



Mawson Lakes, SA, 5095



Daisy Hill, QLD, 4127



Atwell, WA, 6164



Highgate, WA, 6003



Dutton Park, QLD, 4102



Kuraby, QLD, 4112



Rostrevor, SA, 5073



Malvern, SA, 5061



Tranmere, SA, 5073



Alkimos, WA, 6038



Beeliar, WA, 6164



Source: Well Home Loans

The suburbs listed featured the were based off the following criteria:

  • Suburbs' median price was between $200,000 and $750,000.

  • They had more than five relevant properties for sale right now.

  • They were within 25km of the CBD.

To make sure suburbs were stable or rising, suburbs were excluded if:

  • Their inventory levels were greater than six months.

  • Their SA3 region had recorded negative growth in its median house price over the previous three months.

  • The pipeline of building approvals was greater than 1% of the current housing stock.

That left a small list of Australian suburbs. To establish a top 20 ranking, these suburbs were then ranked based on their current median sale price.


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
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Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

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