Home loans: Best suburb buys identified

Thursday 29 October 2009

Article by Mozo

House hunters looking to compare home loans may be interested to learn where the country’s biggest bargains are.

A report in the Australian Property Investor magazine cited on news.com.au found Clarence City in Tasmania as offering the biggest bargains.

The location reached the top spot of a survey that assessed the nation’s best suburbs.

According to the report, investors can hope to acquire a house in Clarence City’s Clarendon Vale and Rokeby to Hobart’s east for an average price of $178,000.

Meanwhile, the equivalent figure for Victoria’s Portland area stands at $189,000, while Redan follows with $194,000.

Home loans customers in Queensland may be pleased to hear that in Gympie they could buy a property for an average of $260,000 and those in New South Wales may be able to snap up a property for $208,000 in Gunnedah.

Meanwhile, at the opposite end of the market, there has been a rise in the number of high-value houses being sold.

In September, there was a year-on-year increase in the number of houses worth over $3 million, according to the Australian Property Monitors.

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