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In the past year, property prices in cities have increased more rapidly than in regional areas. On average, urban homes now cost 6.8% more than those in rural regions. This growing demand for homes near city centres is making it harder for buyers to find affordable options.
For those looking to buy a home in Sydney, suburbs like Smithfield, Fairfield, and Granville offer some of the most affordable three-bedroom houses, with prices ranging between $985,000 and $1,058,000. If you're in the market for a four-bedroom house, Smithfield, Guildford, and Yagoona are great options, with prices between $1.1 million and $1.2 million.
In Melbourne, you can find good value in suburbs like Dallas, Coolaroo, and Deanside, which are the most competitively priced. For four-bedroom homes, Truganina, Deanside, and Hoppers Crossing are among the cheapest, with prices ranging from $680,000 to $691,000.
Brisbane also offers affordable options for families. Suburbs like Goodna, Collingwood Park, and Woodridge have some of the lowest prices for three-bedroom homes, well below the city’s median of $850,000. If you’re searching for a four-bedroom house, Goodna, Boronia Heights, and Collingwood Park are great places to start.
Even though there are still affordable homes available in these suburbs, the high demand means prices are likely to keep rising. With stable interest rates and the possibility of them going down early next year, more buyers are expected to enter the market, increasing competition.
Whether you’re buying your first home or upgrading, the mortgage experts at OM Financials are here to guide you. We’ll help you find the best financing options to make your dream home a reality. Contact OM Financials today and take the first step toward securing your perfect property!
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At OM Financial Services, our experienced group of contract brokers can compare a wide extent of domestic credits over a board of 50+ banks. This means we won’t use any ancient arrangements for you. We will find the best current arrangement to meet your needs. Our fund masters are talented in taking care of advances, from domestic credit to individual credit, right through asset and commercial finance. We can assist you get advance pre-approval and can give master help for borrowers looking to renegotiate. With OM Financial Services, you’ll have access to comprehensive choices to help assist you with borrowing.
