Backyard homes sell for less than $ 100,000 in a city with part of the lowest unemployment in Australia.
The far west of New South Wales has an unemployment level of just 2.8 percent, which is considerably below the national average of 5.2 percent.
The mining town of Broken Hill, also known as the & # 39; silver city & # 39;, has an average annual unemployment rate comparable to some of Sydney's richest suburbs, a CommSec analysis of data from the Australian Office for the Statistics.
Backyard homes sell for less than $ 100,000 in a city with the lowest unemployment rate in Australia (pictured is a house in the Broken Hill sale for $ 95,000)
A selection of houses sells for more than $ 100,000, a price that is only twice as high as the average household income of the city and nine times less than the median house price of Sydney.
This means that a mortgage lender who works in a full-time job with a low income is most likely not suffering from mortgage stress.
For $ 89,000, it is possible to buy a two-bedroom home on a 753 square meter block with monthly mortgage repayments of just $ 332.
If that's a little sweetheart, there are two other houses of similar size that sell for $ 85,000, which is about the same price as a BMW X4 SUV.
For $ 89,000, it is possible to buy a two-bedroom home on a 753 square meter block with monthly mortgage repayments of just $ 332
If that's a little sweetheart, there are two other houses of similar size that sell for $ 85,000, which is about the same price as a BMW X4 SUV
Anyone who feels a little bit of luxury and is in the mood for a front yard may consider selling another two-bedroom home for $ 92,500.
For another $ 2,500, a three-bedroom house with an iron roof and wooden floors is sold for $ 95,000.
Detached houses in Broken Hill sell at prices that have not been seen in Sydney since the 1980s.
Areas where unemployment is low
1. Sutherland Shire, Sydney: 1.9%
2. Northern beaches, Sydney: 2.5%
3. NSW far west / Orana: 2.8%
4. Inner West, Sydney: 2.8%
5. City, inner-south, Sydney: 2.9%
6. Baulkham Hills, Sydney: 3%
7. North Shore, Sydney: 3.4%
8. South-South, Melbourne: 3.4%
9. Warrnambool, Victoria: 3.5%
10. Blue Mountains, NSW: 3.5%
Source: CommSec, annual averages of the Australian Bureau of Statistics
Sydney & # 39; s Sutherland Shire, where Prime Minister Scott Morrison is the local member, has Australia's lowest unemployment rate of 1.9 percent.
The northern beaches of the city had the second lowest jobless rate of 2.5 percent, with the NSW far to the west and the Orana region's with the third lowest unemployment rate of 2.8 percent.
That is the same level as Sydney & # 39; s gentrified inner-west, where the new Labor leader Anthony Albanese is a federal MP.
Suburban Sydney and Melbourne were home to eight of the top 10 areas of Australia with low unemployment.
Victoria & # 39; s Hume region (3.5 percent), Ryde in northern Sydney (3.5 percent), Bendigo north-west of Melbourne (3.6 percent), Canberra (3.6 percent) n and the Eastern suburbs of Sydney (3.7 percent) completed the top 15 list.
The highest unemployment rate in Australia was overwhelmingly concentrated in Queensland, with the interior west of the state with an unemployment level of 14 percent.
The Moreton Bay region, north of Brisbane, had the highest unemployment rate of 9.4 percent in the capital, making it Coffs Harbor and Grafton in northern NSW (8.2 percent), Logan and Beaudesert in southeast Queensland (7.9 percent). ), Townsville in Northern Queensland (7.8 percent), Wide Bay north of Brisbane (7.4 percent) and Adelaide & north (7.4 percent).
Those who feel a little bit of luxury and are in the mood for a front yard may consider selling another two-bedroom home for $ 92,500.
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