{"id":105555,"date":"2025-08-25T09:30:00","date_gmt":"2025-08-24T23:30:00","guid":{"rendered":"https:\/\/en.econostrum.info\/au\/?p=105555"},"modified":"2025-08-25T07:31:50","modified_gmt":"2025-08-24T21:31:50","slug":"affordable-housing-near-australian-cbds","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/au\/affordable-housing-near-australian-cbds\/","title":{"rendered":"Affordable Housing Still Exists Near Australian CBDs\u2014But Not in Sydney"},"content":{"rendered":"\n

As home prices climb across the country, a new analysis reveals that buyers in Sydney<\/strong> must now look at least 24 kilometres<\/strong> from the city centre to find a house under $1 million<\/strong>. Meanwhile, other capitals such as Melbourne<\/strong>, Adelaide<\/strong> and Hobart<\/strong> still offer houses below that threshold within or near their central business districts.<\/p>\n\n\n\n

This contrast underlines the widening gap between capital cities and their accessibility for middle-income earners, particularly young families<\/strong> seeking proximity to work, schools, and public infrastructure. As prices surge, housing affordability remains a pressing concern in the urban landscape of Australia.<\/p>\n\n\n\n

Sydney Pushes Affordability Further West<\/h2>\n\n\n\n

According to recent research by Domain<\/a><\/strong>, the closest suburb to the Sydney CBD where the median house price remains under $1 million<\/strong> is Girraween<\/strong>, located 24 kilometres west<\/strong> of the city, with a median of $976,250<\/strong>. The study highlights that affordability in Sydney now largely resides in the outer western<\/strong> and south-western suburbs<\/strong>, such as Liverpool<\/strong> ($995,000), Lurnea<\/strong> ($985,500), Glenfield<\/strong> ($958,000), and Macquarie Fields<\/strong> ($790,000).<\/p>\n\n\n\n

Nicola Powell<\/a>, Domain\u2019s Chief of Research and Economics, told Yahoo Finance<\/strong> that Sydney buyers are being pushed far from the inner and middle rings. \u201cTo buy a house under a million dollars in Sydney, you’re really being forced into the outer suburbs<\/em>,\u201d she said. This often limits options to townhouses<\/strong> and semi-detached properties<\/strong>, rather than standalone houses, particularly within suburbs that barely meet the pricing threshold.<\/p>\n\n\n\n

The broader implications for urban planning and infrastructure are significant. With demand spreading into more distant areas, commute times<\/strong> are expected to rise, and pressure will likely increase on transport networks<\/strong> and local services<\/strong>. Sydney, long considered the most expensive city in the country, continues to see a net outflow of residents<\/strong>, especially among families seeking home ownership opportunities.<\/p>\n\n\n\n

Other Capitals Offer Better Proximity and Value<\/h2>\n\n\n\n

While Sydney <\/a>stretches buyers to the periphery, other major cities present more central options under the million-dollar mark. In Melbourne<\/strong>, the inner-western suburb of Footscray<\/strong>, just eight kilometres<\/strong> from the CBD, has a median house price of $900,000<\/strong>, offering close proximity at a lower price point. Powell described Melbourne\u2019s market as having \u201cunderperformed over the last five years,\u201d creating better short-term value for buyers.<\/p>\n\n\n\n

Adelaide<\/strong> offers perhaps the most compelling case, with the CBD itself<\/strong> reporting a median house price of $919,900. The same is true for Perth<\/strong>, where several central suburbs including East Perth<\/strong>, Highgate<\/strong>, and West Perth<\/strong> remain well under the million-dollar line, with citywide median prices as low as $563,000. Darwin\u2019s closest affordable suburb is Stuart Park<\/strong> ($665,000), while Hobart\u2019s<\/strong> South and West Hobart suburbs come in at $868,000 and $924,000, respectively.<\/p>\n\n\n\n

The findings illustrate a stark divide between Sydney and the rest of the country in terms of access to central housing. While price growth is forecast to continue across the capitals, regional migration<\/strong> and outer suburban demand<\/strong> are reshaping the housing narrative for millions of Australians.<\/p>\n","protected":false},"excerpt":{"rendered":"

As home prices soar across Australia, a new analysis shows that Sydney buyers now have to venture at least 24 kilometres from the city centre to find properties under $1 million.<\/p>\n","protected":false},"author":13,"featured_media":104969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-105555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/105555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/comments?post=105555"}],"version-history":[{"count":2,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/105555\/revisions"}],"predecessor-version":[{"id":105568,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/105555\/revisions\/105568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/media\/104969"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/media?parent=105555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/categories?post=105555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/tags?post=105555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}