Australia's top affordable suburbs to buy property revealed

With rising interest rates and ongoing cost-of-living pressures, the reality of owning your own home seems more like a distant dream for many Aussie families.

But a recent report has revealed there are some suburbs where home-ownership is still an affordable option - without compromising on quality.

The 2023 Rising Stars report from Canstar and Hotspotting looked at five key metrics including price growth, sale rate, vacancy rate, rental yield and infrastructure and found which suburbs were the clear winners.

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"The number one city is Adelaide, followed by Brisbane and then Perth," Effie Zahos revealed.

"People have been going into these areas because the prices are quite affordable."

Among the suburbs in number-one city, Adelaide, were Christies Beach, Craigmore and Salisbury East, all which had a median price below $490,000 according to latest figures.

In other parts of the country, Annerley in Brisbane had a median price of $460,000, while Wellard in Perth was around $415,000.

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Sydney's Westmead had a median price of $560,000 for properties and a home in North Melbourne will set you back around $535,000.

"People are looking for that kind of ripple effect," Effie said.

"If I can't afford to go in the main expensive area, what are the areas surrounding it? You have to jump in sensibly because affordability with the rate hikes is a big issue and a big barrier."

Watch the full segment in the video above

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