Top 10 Suburbs for First Home Buyers in Major Australian Cities
Buying a first home is a significant milestone, and choosing the right suburb can make a big difference in terms of affordability, lifestyle, and future growth potential. This article highlights the top 10 suburbs for first home buyers in major Australian cities, considering factors such as median house prices, amenities, and growth prospects.
Sydney
1. Hebersham
Located about 38km west of Sydney’s CBD, Hebersham offers a median house price of $750,000. It’s an attractive option for first-home buyers due to its affordability relative to other Sydney suburbs and its proximity to essential amenities.
2. Liverpool
Liverpool, situated 31km southwest of the CBD, is home to the Westfield Liverpool shopping centre and offers numerous townhouses and villas priced below the $800,000 stamp duty cap. This makes it a strong compromise for first-home buyers seeking affordability and convenience.
Melbourne
3. Craigieburn
Craigieburn, located in postcode 3064, is a popular choice for first-home buyers. With a median house price around $537,870, it offers affordability and a range of amenities, making it a top pick for those entering the property market.
4. Hoppers Crossing
In postcode 3029, Hoppers Crossing provides a median house price of $537,870. This suburb in Melbourne’s southwest is known for its family-friendly environment and accessibility, making it a desirable location for first-home buyers.
Brisbane
5. North Booval
North Booval, located southwest of Brisbane’s CBD, has a median house price of $460,000. Its affordability and proximity to the city make it an excellent choice for first-home buyers looking to maximize their benefits under the First Home Guarantee scheme.
6. Morayfield
Situated about 39km north of Brisbane, Morayfield offers a median unit price of $430,000. It provides a range of affordable housing options, including townhouses and villas, making it a prime suburb for first-home buyers.
Perth
7. Midland
Midland, with a median house price under $500,000, is one of Perth’s most affordable suburbs for first-home buyers. Its strong rental yields and proximity to essential services make it a top pick for those looking to enter the property market.
8. Armadale
Armadale offers a median house price of $365,000 and a rental yield of 6.71%. Its affordability and growth potential make it an attractive option for first-home buyers in Perth.
Adelaide
9. Andrews Farm
Located in Adelaide’s northern suburbs, Andrews Farm provides houses in the $400,000s. The suburb has seen significant growth and offers good transport connections, schools, and shopping centres, making it ideal for first-home buyer.
10. Para Hills
Para Hills, about 14km southeast of Adelaide’s CBD, has a median house price of $600,000. Its affordability and proximity to the city make it a desirable location for first-home buyers.
Choosing the right suburb is crucial for first-home buyers looking to balance affordability, lifestyle, and future growth potential. The highlighted suburbs in Sydney, Melbourne, Brisbane, Perth, and Adelaide offer a range of options that cater to different preferences and budgets. By considering these top suburbs, first-home buyers can make informed decisions and take a significant step towards homeownership.