Among the most affordable housing markets are Brisbane and the Gold Coast. Both markets offer competitive prices on well-located properties, along with a vast and varied inventory.
Recently-released statistics from RP Data show that only seven suburbs in Brisbane and the Gold Coast where median house prices are over $1 million. The average prices in these areas check in at $495,575.
However, it’s a much different situation in Sydney. A total of 172 suburbs in the Sydney area have a staggering median price of $1 million or more. The average price is equally high, at $806,907.
Beachside three-bedroom penthouse apartments in Broadbeach start at $429,000. In comparison, a similar apartment in the Sydney suburb of Coogee would sell for in excess of $800,000.
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