Australia's top 10 cheapest suburbs 2022 Andamooka in South Australia takes the title of Australia's cheapest suburb, with a median house price of just $20,000. Western Australia and New South Wales both have three suburbs respectively in the top 10, while Queensland and South Australia have an equal two each.
Sitting off the southeast coast of the mainland is Australia's littlest state and cheapest place to live, Tasmania. Its capital city Hobart boasts house prices around 25% lower than the country's average, and purchasers can bag property for 60% less than they would in cities such as Sydney or Melbourne.
Australian median house prices by capital city
Well, Adelaide is actually Australia's most affordable capital city for renters ($534), while Sydney is the most expensive ($711), according to the latest CoreLogic rental data.
Perth has taken the crown from Adelaide as most affordable capital in Australia. Image: Canva. A new report has officially declared Perth as the most affordable capital city in Australia.
The cheapest farmlands in Australia can be found in Bourke, Queensland, and the eastern area of the Wheatbelt region.
Australia's top 10 cheapest suburbs 2022
Andamooka in South Australia takes the title of Australia's cheapest suburb, with a median house price of just $20,000. Western Australia and New South Wales both have three suburbs respectively in the top 10, while Queensland and South Australia have an equal two each.
South Australia: Cheapest places to buy a house in Australia
While Tasmania may be the Australian state that is cheapest to buy a house right now, there is another state that may be more affordable, when you consider employment opportunities and income levels compared to home prices and cost of living.
After maintaining the highest standard of community well-being for seven consecutive years, it comes as no surprise that the Australian Capital Territory (ACT) cemented itself as the best place to live in Australia.
Sydney is still the most expensive city in Australia — you'll pay around a quarter more for living expenses in Sydney than if you lived in Darwin or Melbourne, and even more if you stayed in Adelaide or Hobart. The overall costs of living in Adelaide and Hobart are very similar.
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
The seven best places to live in Australia are: Adelaide, Brisbane, Canberra, Hobart, Melbourne, Perth and Sydney. We've worked out which place is best depending on what you care about most, from culture and climate to job opportunities.
The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.
Darwin is Australia's least populated place. The city has a population of 148,564 and a density of 703 people/sq km.
Canberra is most likely the safest and best city to live in Australia, with a substantially lower crime rate. Because of its fascinating attractions, Canberra has been ranked as one of the foremost places to live in Australia for family immigrants.
Brisbane, Hobart and Sydney become least affordable cities for renters as regional centres also suffer. Housing stress is on the rise in regional Australia as well as every capital city, as tenants grapple with “unsustainable” rent increases outpacing wages.
Canada has a lower cost of living than Australia since the latter has higher housing taxes and slightly more expensive food and other miscellaneous expenses. Canada is slightly more affordable than Australia.
Domain's Rent Report for the December 2022 quarter reveals Canberra remains the country's most expensive city to rent a house at the median rate of $690-per-week.
Of the top 10 richest postcodes, 1 is located in Western Australia, 1 is located in Victoria and the remaining 8 are all located in some of the most exclusive spots across Sydney. At the top of the list is Western Australia's 6011 postcode, which comprises Cottesloe and Peppermint Grove.
With 126,900 millionaires, Sydney made it to number 10 with the report noting especially strong growth in wealth in the Harbour City over the past 20 years, making it Australia's wealthiest city. It's also predicted to reach the top 5 wealthiest cities in the world by 2040.
“Queensland's known as the Sunshine State. All those rays and the laid-back lifestyle might be among the reasons why it's Australia's happiest state,” Bayliss said.
South Australians have been found to be the most likely to consider other people's needs, according to the Helga's Kindness Index, a first-of-its-kind report examining the state of kindness in the country. Developed by McCrindle, the index surveyed 3,520 Australians nationally in June this year.
Australia crime rates: Canberra
This city has one of the lowest crime rates in all of Australia. Canberra is also one of the safest cities globally, and the crime rate here is below the national average. According to data, the crime experienced by the city is very low.
All states and territory governments in Australia (except the Northern Territory) impose a land tax. In the Northern Territory there is no land tax at all. Land tax is based on the accumulative value of all unimproved land that you own, other than your principal place of residence in any particular state.
In addition to the impacts of CSG mining, Tara QLD has also experienced a lack of demand and limited economic opportunities that have contributed to the town's affordable land prices. The town is relatively isolated, with limited access to major cities and economic hubs.