The most expensive place for housing in Australia is Sydney.
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.
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.
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. WATCH NOW: Wombats are itching to death in Canberra.
The least expensive suburb or most affordable suburb to buy residential property is Kambalda East, in the east of WA with a median house price of $118,525. The cheapest suburb to purchase a unit was Laguna Quays in Queensland at a rather modest $72,076 (you can buy a decent electric vehicle for that price!)
“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.
1. Canberra – Australia's Capital City. Nestled between Sydney and Melbourne, Canberra is not only the capital but also Australia's safest city. With a low crime rate and a small-town vibe, Canberra offers an attractive blend of city living and peaceful suburban life.
Queensland. If you are a beach and nature lover, Queensland is an ideal place to visit in Australia. With an area of 1.853 million square kilometres, 1955 islands, 1711 beaches, and the only place on earth where the reef meets the rainforest, Queensland is a pure paradise.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
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.
Here are a few affordable places to consider: Tasmania: With its beautiful landscapes, affordable housing, and low cost of living, Tasmania is a popular choice for retirees. Adelaide: Adelaide has a mild climate and a lower cost of living compared to other major cities in Australia.
A nuanced state of affairs
Tasmania, with the highest average wellbeing score of 76.1, comes out on top, followed closely by Victoria and South Australia. Western Australia, on the other hand, has the lowest average wellbeing score at 75, just below that of New South Wales and Queensland.
Tasmania has been named the unhealthiest state in the country with the highest stress levels, body mass index (BMI), blood pressure and smoking rates.
Tasmania. Tasmania was named the 'bogan capital of Australia' with Taswegians earning four spots in the final. On the island of Tasmania, half the population has literacy and/or numeracy difficulties, and the unemployment rate is higher than it is in mainland Australia.
Tasmania has been ranked by CommSec as having the country's best-performing economy. Queensland and South Australia have come in at equal second, followed by New South Wales. It's predicted that retail spending will help drive economic success in the next quarter.
Queens Park is one of the most amazing and quiet cities to reside in Australia. Upper Caboolture In Queensland is a perfect place for lovers of a quiet environment. Apart from being a peaceful and relaxing area, it also provides residents with important amenities.
Sydney, NSW. Median multipe of 13.3. Prices have risen at six times the rate of inflation since 2020.
From the elite in Australia's most expensive suburb, Vaucluse, New South Wales, to mining and working class labourers of the country's cheapest housing market, Kambalda East in the West Australian Goldfields, the standards of living across the continent are exemplified by our real estate options.