Western Australia has retained the title of most affordable place in the country for renting and is the most affordable state in the country for housing, according to a new report by the Real Estate Institute of Australia (REIA).
In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.
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.
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.
Fairview Park and Coober Pedy are the cheapest areas to live in in South Australia. Cober Pedy is also where you can find some of the cheapest houses for sale in Australia.
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.
Canberra still Australia's most expensive city to rent a house.
Adelaide ($443 a week) South Australia's capital is the cheapest capital city in the country to rent a unit, with the median price hovering around $450 a week.
Australia's most expensive suburbs will shock you with how much they cost. Image: Canva. Australia's most expensive suburbs by median house price are all concentrated in Sydney, the most expensive city in Australia, and one of the most expensive in the world.
The highest number of rich-listers live in the 2088 postcode in Sydney - which includes Mosman and Spit Junction - with 19,707 people earning $188,324, on average. In comparison, there were just 559 people in the 3944 Portsea postcode in Victoria's Mornington Peninsula, earning an average of $229,805 per year.
Barney Point is one of the most affordable beach suburbs. It is on the outskirts of the Gladstone region, about 3.5 kilometres from the CBD. In the 2021 census, it had a total of 1,065 residents. If you're looking for cheap beach houses for sale in Queensland, definitely check out Barney Point.
The city of Perth has the best weather/climate in Australia. The city enjoys a temperate Mediterranean climate with hot and dry summers and mild but wet winters. Perth is also the sunniest capital city in Australia and is considered one of the hottest experiencing over 250+ days of sunny blue skies.
Queensland has many suburbs with affordable costs of living and cheap accommodations. You can consider Bundaberg, French Ville, South Mackay, Nerang, Kirwan, etc.
Tied with New York, Singapore often tops the list.
The average annual salary in Australia is $68,900 and $35.30 per hour. It is just the average salary for basic workers but skilled and experienced workers also earn around $108,980 annually. The average salary also varies depending on the field of work and the job role of workers.
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.
New research has found one Aussie city is among the top 10 in the world for having a good work-life balance. Sydney came in at number eight on a global scale as being renowned for its employment opportunities and lifestyle offering, according to Kisi research .