With the official cash rate expected to steadily increase over the coming months, more homebuyers will seek properties in affordable suburbs, according to Australian Property Monitors (APM).
According to a list compiled by APM, the nation’s most affordable suburbs are Coonamble in NSW, which has an average home value of $77,500, Coober Pedy and Fisherman Bay in South Australia, which average $81,500 and $92,000 respectively, St Arnaud, Morwell and Red Cliffs in Victoria and Hughenden in Queensland, which has an average property price of $99,000.
