Buyers who’ve given up on their dream location could actually have more choice than they realise, with new interactive data showing how far your budget really stretches in every suburb.Powered by data from realestate.com.au, the interactive experience allows buyers to see the proportion of properties that fall under a wide range of price thresholds.Use the interactive to see what your budget buys in your dream suburb.The national median house price now sits at $1 million according to the latest realestate.com.au Home Price Index, while a typical unit costs around $700,000.But realestate.com.au senior economist Angus Moore said medians don’t tell the full story.“This data highlights a thing that we often overlook in housing markets, which is that the median price of a suburb is just one point on the distribution,” Mr Moore said.“A median price means half of the homes in that suburb are more expensive, and half are more affordable.“So even if a suburb at the median is still quite expensive, there may well be homes in that suburb that are within your budget.”To determine how many options a buyer may have, home values in every Australian suburb were analysed to determine what proportio...
See how far your home buying budget really goes in every suburb across the country
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