and across Australia...in fact 1225 suburbs with houses below 500k's....... and of course its written by property industry people....not goat breeders ........
extract only ...read the full article... IT has been dubbed the country's most expensive place to live but Sydney is in fact Australia's most affordable city.
A report on property in the country's capital cities names Sydney as the place with the most suburbs where the average property price falls under half a million dollars.
Of 1225 suburbs across Australia where the median house price is below $500,000, Sydney has 298, almost half of the city's total suburbs, according to the report commissioned by the National Australia Bank.
"This result is a little surprising, given that Sydney is the nation's most expensive housing market," said the report's author, Cameron Kusher of research firm RP Data.
"It does show that many suburbs still exist where affordable property is available."
General sales manager at McGrath Real Estate Matt Lahood said many of Sydney's first-home buyers trying to get their foot on the property ladder had unrealistic expectations.
"A lot of the buyers coming into the market want to kick off into the parkside and beachside areas," Mr Lahood said. "The perception of their dream area ends up not being the end reality."
Raine & Horne chief executive Angus Raine said the city was made up of a "series of tribes", some of which carried greater "snob value" than others.
