The Hobart suburb of Clarence City is Australia’s best property bargain according to a list of the country’s 100 hottest suburbs.
Investors can pick up an average house in Clarence City for just $178,000, according to a report in Australian Property Investor magazine.
It’s a "long-term hold" but the suburb will see significant growth in five to seven years, the report says.
The magazine asked Australia’s top property experts to list the hottest 100 suburbs for investors.
With an average median house price of $548,000 across the 100 locations, news.com.au identified the cheapest of those suburbs and they are listed below.
You can read the full list in the magazine, which is out today.
Also released today, the Australian Property Monitors quarterly house price series showed house price growth of 3.7 per cent over the September quarter.
Hottest suburbs with the lowest average house price
Queensland
Gympie $260,000
Ipswich $269,000
Kingaroy $270,000
Beaudesert $311,000
New South Wales
Gunnedah $208,000
Branxton $349,000
Granville $353,000
Shoalhaven $388,000
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