RESIDENTIAL PROPERTY
BUYERS will still find the best value for money in price per square metre when looking away from coastal and inner-city locations.
According to recent price per square metre (sqm) analysis by Domain, buyers are more than willing spend a premium to live close to...
“Looking at our more expensive cities Sydney and Melbourne we can see that moving further out from...
Nicola Powell, chief of research and economics at Domain.
“However this isn’t always the case as key infrastructure, commercial hubs and proximity to parks and beaches all play a role."
In the country’s most populous cities moving west of the CBD sees lower house prices paired with bigger block sizes.
In Sydney, suburbs like Guildford, Chester Hill and Sefton sit 19km out from the city centre and are priced at $1,800/sqm.
In Melbourne, suburbs just 13km out from the CBD including Brooklyn, Sunshine and Sunshine North are less than half the price of their...
“Buying in neighbouring suburbs that have vastly different prices per sqm now can also pay huge dividends in the future....
In the north, suburbs such as Broadmeadows, Gladstone Park and Campbellfield also come well under Melbourne’s ...