Aussie suburbs the place mortgage repayments are beneath $570 every week

The Australian suburbs the place consumers can safe a house with mortgage repayments on par with the nation’s median hire have been revealed in new information.

Australia’s median weekly hire was $570 final yr, in accordance with CoreLogic’s 2023 rental report.

An evaluation of the market by PropTrack discovered greater than 350 areas throughout the nation the place Australians can discover a house with mortgage repayments lower than $570 every week.

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The most cost effective houses on the listing have been present in South Australia, Queensland and Western Australia — with a lot coming in far beneath $570.

Queensland

Queensland had probably the most suburbs on the listing, with 120 spots throughout the state.

Of those, the bottom common repayments have been in Collinsville, Charleville, Tara, Mont, Dysart and Depot Hill.

• Collinsville — in Queensland’s Whitsunday Area — has a median home value of $160,000. With an 80 per cent Mortgage to Worth Ratio (LVR), consumers are taking a look at a median weekly compensation of $196.82.
• Charleville — situated about 750 kilometres west of Brisbane — additionally has a median home value of $160,000 and would see consumers making weekly mortgage repayments of $196.82.
• Tara — within the state’s Western Downs — has a median home value of $180,000 and potential consumers would make weekly mortgage repayments of $221.42.
• Monto — within the North Burnett area — has a median home value of $187,000 and would see consumers making weekly mortgage repayments of $230.04.
• Dysart — situated between Townsville and Mackay — has a median home value of $195,000 and consumers are taking a look at a median weekly compensation of $239.88.
• Depot Hill — a suburb in Rockhampton — has a median value of $205,000 and potential consumers would make weekly mortgage repayments of $252.18.

South Australia

South Australia got here in second with 95 spots on the listing.

• Coober Pedy has a median home value of $110,000 and would see consumers make common weekly mortgage repayments of $135.31.
• Peterborough has a median home value $148,500 and consumers are taking a look at a median weekly compensation of $182.67.
• Port Pirie West has a median value $172,500 and potential consumers would make weekly mortgage repayments of $212.20.
• Solomontown has a median value $187,500 and potential consumers would make weekly mortgage repayments of $230.65.
• Quorn has a median home value of $195,000 and would see consumers make common weekly mortgage repayments of $239.88.

Western Australia

• Kambalda West has a median home value of $167,000 and consumers are taking a look at a median weekly compensation of $205.43.
• Merredin has a median home value $181,000 and potential consumers would make weekly mortgage repayments of $222.65
• Rangeway has a median home value of $195,000 and would see consumers make common weekly mortgage repayments of $239.88.
• Moora has a median home value of $196,000 and consumers are taking a look at a median weekly compensation of $241.11.
• Wagin has a median home value of $210,000 and would see consumers make common weekly mortgage repayments of $258.33.

NSW’s Far West and Orana areas

NSW got here in with simply 55 spots on the listing.

Of those, the vast majority of the bottom common repayments have been within the Far West and Orana area.

• Cobar, Damaged Hill, Coonamble and Nyngan all got here in with common weekly mortgage repayments of beneath $300.

Additionally on the listing have been homes in New England, Northern Rivers and Riverina areas.

• Wee Waa — in New England — has a median home value of $220,000 and common weekly mortgage repayments of $270.63.
• South Lismore — within the Northern Rivers — has a median home value of $247,000 and would see consumers make common weekly mortgage repayments of $303.84.
• Hay — within the Riverina area— has a median home value of $250,000 and potential consumers would make common weekly mortgage repayments of $307.53.
• Werris Creek — in New England — has a median home value of $250,000 and common weekly mortgage repayments of $307.53.

Victoria

Victoria had 36 spots on the listing.

• Nhill — within the Wimmera area — has a median home value of $205,000 and common weekly mortgage repayments of $252.18.
• Warracknabeal — additionally within the Wimmera area — has a median home value of $240,000 and would see consumers make common weekly mortgage repayments of $295.23.
• Rochester — close to Shepparton — has a median home value of $267,500 and potential consumers would make common weekly mortgage repayments of $329.06.
• Kerang — situated on the Loddon River — has a median home value of $285,000 and common weekly mortgage repayments of $350.59.
• St Arnaud — within the Wimmera area — has a median home value of $290,000 and would see consumers make common weekly mortgage repayments of $356.74.

Tasmania

Tasmania had 30 spots on the listing, with solely two spots choices common weekly mortgage repayments beneath $300.

• Rosebery — on the state’s west coast — has a median home value of $187,000 and common weekly mortgage repayments of $230.04.
• Queenstown — additionally on the state’s west coast — has a median home value of $190,000 and potential consumers would make common weekly mortgage repayments of $233.73.

Northern Territory

The Northern Territory had simply 5 spots on the listing, with just one falling beneath $300 for common weekly mortgage repayments.

• Dundee Seaside has a median home value of $240,000 and common weekly mortgage repayments of $295.23.
• Moulden and Grey each have median home costs of $382,500 and would see consumers make common weekly mortgage repayments of $470.53.
• Woodroffe and Driver each have a median home value of $435,000 and potential consumers would make common weekly mortgage repayments of $535.11.

The ACT didn’t make an look on the listing.

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