Which Is The Cheapest Suburb In Sydney?

There has been a drop in Sydney property prices to as low as $379,000. This might make homeownership a reality for many people.

In this article, NewsLocal compiles a list of a city's most affordable real estate listings.

If you're looking to buy a home in Sydney, the cheapest area is in the south-west, specifically around Macquarie Fields, Ingleburn, and Bradbury.

Werrington, Colyton, and St. Marys are just few of the western Sydney neighbourhoods where homebuyers can find affordable options for around $400,000.

Contrast this with the $900,000 minimum price of even the most modest house and townhouse in Sydney's pricy inner and eastern districts.

Below you'll find a comprehensive list of its most reasonably priced houses and townhouses (but not apartments).

The figures come straight from the most popular real estate database in Australia, so you know they're accurate.

The COVID-19 outbreak caused an initial dip in Sydney's real estate market, however prices have been steadily rising in recent months.

The Top Five Cheapest Sydney Suburbs 

Rooms for rent at reasonable prices within 10 kilometres of Sydney's central business district are hard to come by. If you do some research, though, you can locate affordable lodging options that bring you within walking distance of the main attractions.

Housemates have compiled fresh statistics on renting rates in the suburbs. We will be bringing you articles over the next several weeks detailing the most and least expensive areas of each capital city to rent a private room in a shared residence. Here are the five least expensive Sydney suburbs within ten kilometres of the city centre, should you be a young Sydney resident.

Croydon Park

• Away from the Central Business District, you'll be 10 kilometres.
• Private room average rent is $220 per week.

Renters in Sydney's inner west have finally woken up to a lifestyle of amenities on offer there, but if you're frugal and look in the appropriate neighbourhood, you can still get a great deal.

Croydon Park is ideal, as the average cost of a bedsit there is only $220 on our site, making it the cheapest place to rent within a ten-minute commute of the city centre.

It's hard to find a better value than in this thriving village, which has an abundance of wonderful stores, beautiful green spaces, and delicious cuisine from around the world. Investors are snapping up the many desirable vintage homes and terraces in Croydon Park swiftly, so you'd better act fast. The price won't remain low forever.

Earlwood

• Away from the Central Business District, you'll be 10 kilometres.
• Private room average rent is $220 per week.

South of these areas, just on banks of Cooks River, is where you'll find the suburb of Earlwood. Everything about this teeny-tiny suburb is great. It's at a great location, close to the subway, and doesn't break the bank.

Earlwood provides some of the finest public transport connectivity in Sydney, with its boundaries bookended by two railway lines making CBD access a breeze, but it is not a well-kept secret among its much more credentialed surrounding suburbs (we're looking at you, Marrickville and Dulwich Hill).

Parks, gardens, and pubs abound, and the area is well-served by shops and restaurants, thanks to Homer Street and the nearby Coles supermarket.

Eastlakes

• City Center Is Seven Kilometers Away
• A private room in a decent building will set you back about $230 per week on average.

Eastlakes gets some flak for being in the flight path of Sydney Airport's planes, but it's easy to see why it's a popular place to rent because of the low prices.

Nearly a fifth of Eastlakes's residents are under the age of 35, making it the most popular suburb on our "cheapest" list among young renters.

Also, most shared homes in the this region include a yard, making it an attractive option for those with pets or green thumbs who are looking for a cheap place to live.

Residents like its proximity to South Coogee Beach, Eastlakes Shopping Centre, and major transportation hubs like the Motorway One (M1) and the Sydney International Airport (SYD), without having to pay South Coogee's astronomical rents (on average, $320 a week).

Tempe

• Getting to the heart of the city will take you 8 kilometres.
• A private room in a decent building will set you back about $230 per week on average.

Tempe, Arizona, is another inexpensive inner-city choice, and its proximity to a airport is a bonus when planning future vacations.

Tempe is home to IKEA in addition to many other large businesses, so you won't have far to travel to outfit your new room in a shared house.

It's only 8 kilometres from the centre of Sydney and even closer to the University of Sydney, and there's a railway station right there. It's becoming a popular option among both the working population and the educational community.

Concord

• Away from the Central Business District, you'll be 10 kilometres.
• Average price of a private room is $240 per week.

Concord is an affordable alternative to the more popular Parramatta River suburbs.

It's difficult to imagine a more amenity-rich area with a median rent of less than $250 per month.

Just 10 kilometres from the central business district, it is conveniently served by trains, buses, and ferries. On the other hand, sports fans in the area will have a field day (excuse the pun) because it concerns the Sydney Olympic Stadium Precinct, home to the ANZ Stadium, Qudos Bank Arena, and Quay Centre.

A wide variety of stores, including Costco, Aldi, DFO Homebush, Woolworths, and Coles, can be found nearby.

While Sydney is widely regarded as one of the most expensive cities in the world, it is still feasible to find reasonably priced housing in the central business district. Have a successful hunt!

Sydney's Cheapest Areas To Purchase And Rent In

Have you been on the lookout for a cheap house or apartment in Sydney?

That may seem contradictory, given that Sydney's real estate market is anything from "cheap," but savvy buyers and sellers can find bargains if they know where to look. You'd be better off if you accepted the fact that you won't be able to live in Bondi with the a view of beach.

Find out which suburbs in Sydney have the lowest housing prices and/or the lowest monthly rents by reading this article.

Do not misunderstand me. The Sydney real estate market might be intimidating. Home prices increased by 2.6% in June 2021, bringing the median home price to within striking distance of the $1 million mark. As a result, it's hardly surprising that people are rushing to buy in the least expensive areas of Sydney.

Many of the more reasonably priced suburbs of Sydney may be found in the western Blacktown city council area.

With a booming local economy and a multicultural population, the western suburbs give a glimpse into the future of Australia and eliminate the need for residents to commute into the central business district for work.

The median home price in these locations is far lower than the rest of Sydney, which is over $600,000.

Located 46 kilometres west of a Sydney central business district in the City of Blacktown of Western Sydney, Emerton has a median property price of $552,500, making it among the cheapest suburbs in which to purchase a home in the city.

To give you an idea of where to start, the median price of a home in Sydney is currently $1,186,518. (CoreLogic: June 2021).

Right now, these are the top five Sydney metro areas in which to purchase a home at the lowest possible price:

• Five Hundred and Twenty-Five Thousand and Five Hundred Dollars and Twenty-Five
• A sum of $552,500 was allocated for Tregear.
• Earnings for Shalvey: $566,500
• $575,000 for Warragamba
• A sum of $615,000 for Dharruk

To get closer to the action, Domain says that the suburb in Arncliffe, with a median property price of $1,310, 000, is the most affordable option for purchasing a home in 10 kilometres of Sydney's Central Business District.

Top 5 Cheapest Suburbs In Sydney To Buy A Unit

Sydney's current median apartment price is $781,708. (CoreLogic: June 2021).

Ambarvale, in the City in Campbelltown, is 55 kilometres south-west of Sydney's central business district and is one of the city's cheapest suburbs right now.

Currently, the five most affordable areas in the Sydney metropolitan area to purchase an apartment are:

• $340,000 for Ambarvale
• Price of $370,000 in Carramar
• $385,000 for Fairfield
• For Leumeah, the sum totals $413,250.
• Minto - $475,000

Think about how much time and money you'll spend commuting when looking for a place to live. Buying a home on the outskirts of town may at first seem like a more expensive option, but it often ends up being the better deal.

Sydney's Cheapest Neighbourhoods To Rent In

Sydney is now not the most costly city to rent in, and you may not have known that.

That's right!

Canberra currently has the highest rental prices in Australia, at $630 for houses and $500 for apartments, according to the most recent Domain Quarterly Rental Report.

Average weekly rent in Sydney's housing market is $550, unchanged from the previous quarter but up 1.9% from the same period last year. With a yearly decline of 6.0 percent, the weekly asking rent of $470 per unit has decreased.

The decline in overseas students and the rise of telecommuting have not been sufficient to absorb the surplus of rental housing. It does mean that tenants have more leverage when haggling over lease arrangements.

Domain also notes that the rental market is highly fragmented, with "unit rents declining so over quarter in Parramatta, Blacktown, this same south-west, the inner south-west, and the inner west," while "unit rents in the city as well as inner south, eastern suburbs, North Sydney, and Hornsby..." increased over the quarter, following a sharp dip.

We've listed the best places to get a good deal on a rental in Sydney, Australia.

Suburbs Between 10 And 20 Kilometres From The CBD

If you're looking for a rental in Sydney, choosing one within ten to twenty kilometres of the city centre is ideal. While some suburbs have widespread recognition, others remain unnoticed while having plenty to offer

Apartment rental costs that are significantly lower than normal. Among these are:

• Monthly Rent in Croydon Park: $350
• $410 per week in Ashfield
• $380 per week in Eastlakes
• $440 per week in Gladesville

Ashfield weekly rates have dropped to $410, from $490 in 2019; this neighbourhood is only 8 kilometres from the CBD. You'll find that its proximity to a central business district (CBD) makes both travel and living there more convenient.

Apartments in Croydon Park, a suburb around 11 kilometres from the city centre, are currently renting for $350 per week, down from $415 in 2019. This makes Croydon Park one of cheapest suburbs in which to rent a home near the city.

Gladesville, located less than 13 kilometres from the central business district, with a median weekly rental price of $440, down from $485 in 2019. Apartments at Eastlakes, about eight kilometres from of the downtown area, rent for an average of $380 per week, making it a good option for those on a tight budget.

Need a cheap rental home that's still close to everything? Commute times important? You don't have to go any further than Campsie, Canterbury, or Bankstown if that's the case. As if that weren't enough, the median rent in all three of these hotspots is less than $600, and they're all less than 18 kilometres from the heart of the city.

• Bankstown, New South Wales - 500 dollars per week
• $550 weekly in Campsie
• Christchurch: $580 weekly

Suburbs Located More Than 20 Kilometres From The CBD

Houses and apartments further from the centre tend to rent for less money, especially if the commute to the city centre is more than 20 kilometres.

If you're in the market for a rental home, you can get a bargain in:

• Rental of a Willmot for $340/week
• Prices in Carramar start at $380 per week.
• To hire Leumeah at $400/week
• Four hundred and ten dollars per week, Blacktown
• The price of a weekly rent in Regents Park is $440.

And in the same neighbourhoods, you can find bargains on apartment rentals:

• The weekly rent in Carramar is $300.
• In the case of Leumeah, the weekly rent is $350.
• Located at Regents Park, $350 per week
• $370 per week in Blacktown

These Are The Suburbs Where Affordability And Liveability Meet.

Finding an affordable and pleasant suburb can be challenging while house hunting.

A new analysis by consultancy PRD reveals that, despite rising home prices, there will still be middle-ring suburbs inside 20 kilometres of country's capital CBDs that offer the optimal mix.

The head economist at PRD believes she has located several areas that you have overlooked thus far in your search for a new home.

What Constitutes A Liveable And Affordable Environment?

The survey rated liveability by factors such as crime, unemployment, and accessibility to healthcare facilities, educational institutions, and shopping.

Then, it compared the median home price in each suburb to the median home loan value in each state, as well as the median home price in each state to the suburbs around major cities' central business districts (CBDs), to determine which were more affordable.

Keep in mind that they aren't the cheapest suburbs available; rather, they're the greatest spots for each city to find a balance between the two.

It was also taken into account that the value of the project's possible future developments is an indicator of its future growth.

Sydney Is The Most Affordable City To Live In.

By employing this criteria, we discovered that houses in desirable areas of Sydney could be had for 87% less than median metro prices.

When compared to Melbourne (47% cheaper), Brisbane (16%), and Hobart (57% cheaper), these numbers look quite good.

"This is great news for first-home buyers," the author writes, "who may worry that they'll have to give up desirable amenities in order to afford a home outside of the Sydney metro area."

The PRD team didn't look at markets in Adelaide or Perth.

Brisbane Has The Best Bang For Your Buck.

However, despite the city's plethora of desirable neighbourhoods, not everybody can afford to buy a home there.

Sydney's middle-income price range is $1.5–$2 million, whereas the same range in Brisbane is $709,000–$900,000.

For financial reasons, Sydney may be out of reach, but Brisbane could work. For the past 18 months, it has been named the best "bang for the buck" by PRD.

This means that first-time homebuyers may get into the market at a reduced cost and still make money in Brisbane.

Insights from the Archistar property intelligence platform have made the current market conditions favourable for first-time homebuyers.

According to the company's National First Home Buyer Affordability Index, first-time homebuyer affordability hit a record low of 72.57 in the third quarter of 2020.

The Australian Bureau of Statistics is used to calculate quarterly averages for the Index, which represent the average weekly repayments on first-time homebuyer loans as a percentage of average weekly earnings (ABS). For first-time buyers, the loan is more manageable if the index is lower.

When looking at the data state by state, it was determined that the Northern Territory had the most cheap and that New South Wales had the highest prices for first-time homebuyers.

According to Archistar's chief economist, "the recent rise in first home purchase activity is reflective of the improvement with first home buyer mortgage affordability throughout the September quarter."

According to the ABS, federal loans for this demographic rose by 34% from January to October of this year versus the same period in 2017. First-time homebuyers are also being prompted to take action by a plethora of federal and state government incentives.

A number of programmes, such as the 'First Home Deposit Loan Scheme' and 'Homebuilder,' have been introduced by the Australian federal government to encourage people to build or renovate their own homes.

According to a recent report, "lower prices, lower mortgage rates, and greater wages have all conspired to enhance affordability to historic levels for Australian first home purchasers over the September quarter,"

Recent dramatic increases in affordability are anticipated to be temporary due to "rates set to remain constant for years" and "continuing poor income growth" and "increasing housing prices."

The most inexpensive suburbs in Sydney, Melbourne, Brisbane, Adelaide, and Perth were revealed by real estate agency Archistar, with median home and unit prices highlighted.

Conclusion

The COVID-19 outbreak caused an initial dip in Sydney's real estate market, however prices have been steadily rising in recent months. Croydon Park is ideal, as the average cost of a bedsit there is only $220 on our site, making it the cheapest place to rent within a ten-minute commute of the city centre. Private room average rent for a room in Earlwood is $220 per week. Private rooms in a decent building will set you back about $230 per week on average. Eastlakes gets some flak for being in the flight path of Sydney Airport's planes, but it's easy to see why it's a popular place to rent because of the low prices.

Tempe, Arizona, is another inexpensive inner-city choice, and its proximity to a airport is a bonus when planning future vacations. Sydney is one of the most expensive cities in the world, but it is still feasible to find reasonably priced housing in the central business district. The Sydney real estate market might be intimidating, but savvy buyers and sellers can find bargains if they know where to look. Find out which suburbs have the lowest housing prices and/or the lowest monthly rents by reading this article. The median price of a home in Sydney is currently $1,186,518 (CoreLogic: June 2021).

These are the top five Sydney metro areas in which to purchase a home at the lowest possible price. Currently, the most affordable areas in the Sydney metropolitan area to purchase an apartment are Ambarvale, Carramar, Fairfield and Minto.

Content Summary: 

• There has been a drop in Sydney property prices to as low as $379,000.
• In this article, NewsLocal compiles a list of a city's most affordable real estate listings.
• If you're looking to buy a home in Sydney, the cheapest area is in the south-west, specifically around Macquarie Fields, Ingleburn, and Bradbury.
• Werrington, Colyton, and St. Marys are just few of the western Sydney neighbourhoods where homebuyers can find affordable options for around $400,000.
• Contrast this with the $900,000 minimum price of even the most modest house and townhouse in Sydney's pricy inner and eastern districts.
• Below you'll find a comprehensive list of its most reasonably priced houses and townhouses (but not apartments).
• The figures come straight from the most popular real estate database in Australia, so you know they're accurate.
• The COVID-19 outbreak caused an initial dip in Sydney's real estate market, however prices have been steadily rising in recent months.
• Rooms for rent at reasonable prices within 10 kilometres of Sydney's central business district are hard to come by.
• Housemates have compiled fresh statistics on renting rates in the suburbs.
• We will be bringing you articles over the next several weeks detailing the most and least expensive areas of each capital city to rent a private room in a shared residence.
• Here are the five least expensive Sydney suburbs within ten kilometres of the city centre, should you be a young Sydney resident.
• Croydon Park Away from the Central Business District, you'll be 10 kilometres.
• Private room average rent is $220 per week.
• Renters in Sydney's inner west have finally woken up to a lifestyle of amenities on offer there, but if you're frugal and look in the appropriate neighbourhood, you can still get a great deal.
• Away from the Central Business District, you'll be 10 kilometres.
• Private room average rent is $220 per week.
• South of these areas, just on banks of Cooks River, is where you'll find the suburb of Earlwood.
• Everything about this teeny-tiny suburb is great.
• It's at a great location, close to the subway, and doesn't break the bank.
• Earlwood provides some of the finest public transport connectivity in Sydney, with its boundaries bookended by two railway lines making CBD access a breeze, but it is not a well-kept secret among its much more credentialed surrounding suburbs (we're looking at you, Marrickville and Dulwich Hill).
• A private room in a decent building will set you back about $230 per week on average.
• Eastlakes gets some flak for being in the flight path of Sydney Airport's planes, but it's easy to see why it's a popular place to rent because of the low prices.
• Nearly a fifth of Eastlakes's residents are under the age of 35, making it the most popular suburb on our "cheapest" list among young renters.
• Also, most shared homes in this region include a yard, making it an attractive option for those with pets or green thumbs who are looking for a cheap place to live.
• Residents like its proximity to South Coogee Beach, Eastlakes Shopping Centre, and major transportation hubs like the Motorway One (M1) and the Sydney International Airport (SYD), without having to pay South Coogee's astronomical rents (on average, $320 a week).
• Getting to the heart of the city will take you 8 kilometres.
• Tempe, Arizona, is another inexpensive inner-city choice, and its proximity to a airport is a bonus when planning future vacations.
• Concord is an affordable alternative to the more popular Parramatta River suburbs.
• It's difficult to imagine a more amenity-rich area with a median rent of less than $250 per month.
• Just 10 kilometres from the central business district, it is conveniently served by trains, buses, and ferries.
• While Sydney is widely regarded as one of the most expensive cities in the world, it is still feasible to find reasonably priced housing in the central business district.
• Have a successful hunt!
• Have you been on the lookout for a cheap house or apartment in Sydney?
• That may seem contradictory, given that Sydney's real estate market is anything from "cheap," but savvy buyers and sellers can find bargains if they know where to look.
• You'd be better off if you accepted the fact that you won't be able to live in Bondi with the a view of beach.
• Find out which suburbs in Sydney have the lowest housing prices and/or the lowest monthly rents by reading this article.
• The Sydney real estate market might be intimidating.
• Home prices increased by 2.6% in June 2021, bringing the median home price to within striking distance of the $1 million mark.
• As a result, it's hardly surprising that people are rushing to buy in the least expensive areas of Sydney.
• Many of the more reasonably priced suburbs of Sydney may be found in the western Blacktown city council area.
• With a booming local economy and a multicultural population, the western suburbs give a glimpse into the future of Australia and eliminate the need for residents to commute into the central business district for work.
• The median home price in these locations is far lower than the rest of Sydney, which is over $600,000.
• Located 46 kilometres west of a Sydney central business district in the City of Blacktown of Western Sydney, Emerton has a median property price of $552,500, making it among the cheapest suburbs in which to purchase a home in the city.
• To give you an idea of where to start, the median price of a home in Sydney is currently $1,186,518. 
• Right now, these are the top five Sydney metro areas in which to purchase a home at the lowest possible price: Five Hundred and Twenty-Five Thousand and Five Hundred Dollars and Twenty-Five A sum of $552,500 was allocated for Tregear.
• Ambarvale, in the City of Campbelltown, is 55 kilometres south-west of Sydney's central business district and is one of the city's cheapest suburbs right now.
• Currently, the five most affordable areas in the Sydney metropolitan area to purchase an apartment are: $340,000 for Ambarvale Price of $370,000 in Carramar $385,000 for Fairfield For Leumeah, the sum totals $413,250.
• Minto - $475,000 Think about how much time and money you'll spend commuting when looking for a place to live.
• Buying a home on the outskirts of town may at first seem like a more expensive option, but it often ends up being the better deal.