Core Insights - A new report by PRD highlights that potential homebuyers can still find affordable and livable properties in select suburbs across major Australian cities, with Sydney having 14 suburbs, Brisbane 26, and Melbourne 32 that meet these criteria [1] Affordable and Livable Suburbs - The report defines "affordable" as suburbs with median house prices below the city median, while "livable" refers to areas with access to healthcare, schools, shops, green spaces, low crime rates, and sufficient housing supply [2] - In Sydney, the median price for independent houses is AUD 1,474,343, while for apartments it is AUD 854,968. Melbourne's median for independent houses is AUD 934,500 and AUD 610,327 for apartments. Brisbane's median is AUD 937,500 for independent houses and AUD 690,000 for apartments [3] Expert Commentary - Dr. Diaswati Mardiasmo, Chief Economist at PRD, emphasizes that while many suburbs offer affordable options, the livability criteria significantly narrow down choices for buyers. She notes that the initial demand for affordable suburbs often masks deeper needs for livability [5] - Mardiasmo identifies specific suburbs suitable for budget-conscious buyers: Granville, Guildford, and Chester Hill in Sydney, with median prices of AUD 1,147,500, AUD 1,200,000, and AUD 1,206,750 respectively [5] - In Melbourne, recommended suburbs include St Albans, Epping, and Sunshine West, with median prices of AUD 645,000, AUD 665,000, and AUD 689,000, respectively [7] Market Trends - Joseph Nasr, a sales agent, notes that areas like Granville are popular among budget-conscious buyers due to their value for money, spacious homes, and amenities such as schools and parks [7] - In Brisbane, suburbs like Inala, Slacks Creek, and Lawnton are highlighted, with median prices of AUD 592,750, AUD 590,000, and AUD 700,000 respectively. Mardiasmo points out that these areas are undergoing gentrification, making them hidden gems for buyers [11][12]