Brisbane is Australia’s Most Liveable Capital City: Report
Brisbane has proven to be the most affordable and liveable capital city, according to new research. To measure a suburb's affordability, PRD factored in location (within a 20km radius from the CBD), price growth, rental yields, project development.
Suburbs also ticked important liveability boxes, being within 5km of amenities like schools, parks, shops and health care facilities, low crime rate, and a lower than average unemployment rate.
Brisbane had the lowest entry price and highest rental yield compared to Sydney which had the highest entry price yet the lowest rental yield.
Affordable and Liveable Suburbs - Houses
Affordable and Liveable Suburbs - Units
Brisbane's Algester was the standout suburb for both houses and units with the lowest entry price and highest rental yield.
PRD highlighted Algester for having the best of both affordability and livability given its low entry prices and proximity to supermarkets, parkland, public schools, a medical centre and the motorway.
Sydney's median house prices experienced a gentle growth of 0.8 per cent, while units softened by -2.4 per cent from 2016 to the first quarter 2018.
In Melbourne, the median house price experienced a 1.3 per cent growth and median unit prices grew by 7.9 per cent from 2016 to the first quarter 2018.
“This latest release provides insights into the cost of liveability and how much home buyers need to be prepared to pay to have this requirement met in their purchase.”