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Photo: Supplied What affordability crisis? Brisbane’s top 10 cheapest suburbs to buy a house revealed While Sydney and Melbourne first-home buyers are struggling with million-dollar mortgages, new research can reveal that in Brisbane you need as little as $300,000 to get on the housing ladder. The latest data compiled by Domain shows every single one of the top 10 most affordable suburbs within the Brisbane local government area (LGA) have a median house price under $450,000. Buying a house in Brisbane’s cheapest suburb, Ellen Grove , will set you back less than $300,000. Ex-housing commission suburbs like Ellen Grove and Inala offer solid, affordable homes. Photo: Supplied In fact, 92 suburbs in the Greater Brisbane area (which includes Ipswich, Moreton Bay, Redland and Logan) have a median below $400,000. Property expert and co-founder of Binvested.com.au Nathan Birch says the “national housing affordability crisis” simply does not apply to Brisbane. “If anyone ever asks me where they should buy, I tell them Brisbane. It is so ridiculously affordable – we’re talking about the third-largest capital city in Australia,” he says. This renovated three-bedder at 8 Dresden Street, Bald Hills, has a price guide of $390,000 to $430,000. Photo: Supplied “Prices have been so steady in recent years and it hasn’t had the boom it deserves, aside from a few suburbs or pockets that have been the exception.
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