Australia's premier city where you can still buy a house for under $250k
Homebuyers on a budget can still buy properties for under $250,000 in the suburbs just half an hour’s drive from downtown Brisbane. The Queensland capital has been Australia’s best-performing capital real estate market during the pandemic with home values surging 27.4 percent in the year to June. A median home price of $892,133 would be beyond the reach of the average breadwinner looking to pay off a home without being under the pressure of a mortgage. Apartments in Brisbane usually cost $501,074, buying something near the city. But there’s still pockets in Logan, a satellite town half an hour’s drive southwest of downtown Brisbane, where the midpoint price of a single unit is at half that level. This means buyers on a tight budget, who want to also be closer to the Gold Coast, will be less affected by a spike in interest rates with borrowers already experiencing the Reserve Bank’s biggest hike since 1994. In Woodridge, 23km southwest of central Brisbane, the mid-range price for an a