The 10 best suburbs cheaper and more convenient for new buyers, as novices return to the property

Buyers of new homes are returning to the housing market in the largest amount since the end of 2012 thanks to state tax exemptions in Australia's largest states (a unit block in Sydney is shown)

Buyers of new homes are returning to the housing market in the largest amount since the end of 2012 thanks to state tax exemptions in Australia's largest states.

The proportion of novices in real estate rose to 18.1 percent in June, the highest level in nearly six years, as apartments near the city became more affordable.

For less than $ 500,000, smart shoppers who want to live in a place 10 km from the city center can take a drive in Earlwood in Sydney or St Kilda in Melbourne Bay.

Buyers of new homes are returning to the housing market in the largest amount since the end of 2012 thanks to state tax exemptions in Australia's largest states (a unit block in Sydney is shown)

Buyers of new homes are returning to the housing market in the largest amount since the end of 2012 thanks to state tax exemptions in Australia's largest states (a unit block in Sydney is shown)

Real estate data group Core Logic, research analyst Cameron Kusher, said the stamp duty exemptions in New South Wales and Victoria were driving the resurgence of first-home buyer activity in Sydney and Melbourne.

"It has really boosted the volume of first home buyers nationwide much higher," he told Daily Mail Australia.

"If that tax is no longer there, it increases the indebtedness power of a first-time buyer."

The average national mortgage for beginners stood at $ 350,000 in June, which meant that buyers with a 20 percent deposit of $ 87,500 bought properties for $ 437,500.

The average national mortgage for beginners was $ 350,000 in June, which meant that buyers with a 20 percent deposit of $ 87,500 bought property for $ 437,500 that would buy an apartment in Newstead in North Brisbane (pictured)

The average national mortgage for beginners was $ 350,000 in June, which meant that buyers with a 20 percent deposit of $ 87,500 bought property for $ 437,500 that would buy an apartment in Newstead in North Brisbane (pictured)

The average national mortgage for beginners was $ 350,000 in June, which meant that buyers with a 20 percent deposit of $ 87,500 bought property for $ 437,500 that would buy an apartment in Newstead in North Brisbane (pictured)

At that price, it is possible to buy an apartment in the city center in Brisbane, Melbourne, Perth, Adelaide, Canberra or Hobart.

In New South Wales, however, the average loan for first home buyers was $ 393,400, which meant they were buying a property of $ 491,750 with a deposit of $ 98,350.

Sydney

An apartment in modern west Sydney for that price was hard to find, but a one-bedroom unit in Earlwood, 10 km from the city center, was for sale for $ 479,000 in the suburb where the former prime minister grew up. John Howard

A unit in modern western Sydney for that price is hard to find, but a one-bedroom unit in Earlwood, 10 km from the city center, sells for $ 479,000.

A unit in modern western Sydney for that price is hard to find, but a one-bedroom unit in Earlwood, 10 km from the city center, sells for $ 479,000.

A unit in modern western Sydney for that price is hard to find, but a one-bedroom unit in Earlwood, 10 km from the city center, sells for $ 479,000.

The units in the interior and the west for less than $ 500,000 were rare and the buyers were forced to buy in Lakemba, 12 km from the city, if they wanted to choose in that price range.

However, Marrickville, Summer Hill and Newtown had apartments available for around $ 550,000.

Melbourne

Home buyers in Melbourne had more options when it came to living in the city center, with apartments available for less than $ 450,000 in Brunswick, Coburg and Bayside St Kilda, where a one-bedroom unit just 6 km away from the city ​​was selling for $ 419,000.

First-home buyers prepared to live in a high-rise apartment only 1.4 km from Melbourne city center can shop in Carlton, where the average price per unit is only $ 396,000

First-home buyers prepared to live in a high-rise apartment only 1.4 km from Melbourne city center can shop in Carlton, where the average price per unit is only $ 396,000

First-home buyers prepared to live in a high-rise apartment only 1.4 km from Melbourne city center can shop in Carlton, where the average price per unit is only $ 396,000

"You can definitely afford apartments closer to Melbourne and closer to all the other capital cities than in Sydney," Kusher said.

"And Melbourne has a lot more range closer to the city."

Buyers of composite homes to live in a high-rise apartment only 1.4 km from Melbourne city center can buy at Carlton, where the price of the median unit is only $ 396,000, according to Core Logic data.

Flemington, home of the Melbourne Cup, 3.9 km from the city, had an average price per unit of $ 396,467, while Travancore, at the same distance from the CBD, had an average price of $ 382,763.

Melbourne offers many options for first-home buyers looking to shop near the city, including this one-bedroom apartment in Bayside St Kilda, which sells for $ 419,000.

Melbourne offers many options for first-home buyers looking to shop near the city, including this one-bedroom apartment in Bayside St Kilda, which sells for $ 419,000.

Melbourne offers many options for first-home buyers looking to shop near the city, including this one-bedroom apartment in Bayside St Kilda, which sells for $ 419,000.

Brisbane

In Brisbane, the Petrie Terrace apartments, just one mile from the city center, had an average price of $ 340,780.

A more luxurious offer in Newstead, 3 km from the city, was selling for $ 420,000.

New Farm, a ferry stop from the city center, had several one and two bedroom apartments for sale for less than $ 500,000.

In Brisbane, apartments in Petrie Terrace just one mile from the city have an average price of $ 340,780. A more luxurious offer in Newstead (pictured), 3 km from the city, was selling for $ 420,000

In Brisbane, apartments in Petrie Terrace just one mile from the city have an average price of $ 340,780. A more luxurious offer in Newstead (pictured), 3 km from the city, was selling for $ 420,000

In Brisbane, apartments in Petrie Terrace just one mile from the city have an average price of $ 340,780. A more luxurious offer in Newstead (pictured), 3 km from the city, was selling for $ 420,000

Last year, the government of New South Wales introduced a stamp duty exemption for first-time home buyers who buy real estate worth up to $ 650,000.

This led to the proportion of first-home buyers jumping from 8.8 percent to 14.8 percent last year in Australia's largest state.

Victoria introduced a less generous exemption of up to $ 550,000, which makes the proportion of first-time home buyers jump from 14.4 percent to 19.6 percent.

Kusher said that the activity of the first buyers of houses in the other states, except in Tasmania, made the barley move.

Figures from the Australian Bureau of Statistics on housing finance released this week showed that the national share of first-time homebuyers in June rose from 17.6 percent to 18.1 percent, the largest share of the housing market since October 2012 .

CommSec's chief economist, Craig James, said a measure by the Australian Prudential Regulation Authority on investor loans was making it easier for first-time home buyers to choose a place to live.

"It is possible that investors have withdrawn, but those who buy houses to live are still active in the market, especially the first homebuyers," he said.

"Certainly, regulators can succeed in taking the heat out of the market with stricter restrictions on residential property investors.

An apartment in Adelaide in the center of the city can be purchased for $ 440,000, the average price of first home buyers throughout Australia is paying for a property with a deposit of 20 percent

An apartment in Adelaide in the center of the city can be purchased for $ 440,000, the average price of first home buyers throughout Australia is paying for a property with a deposit of 20 percent

An apartment in Adelaide in the center of the city can be purchased for $ 440,000, the average price of first home buyers throughout Australia is paying for a property with a deposit of 20 percent

"But the housing market in general has also changed.

"Now there is a greater balance between supply and demand in many capitals and regional markets and that has meant less upward pressure on housing prices."

The real estate markets of Sydney and Melbourne have also declined since their peak last year, which means that first home buyers had less competition from speculators.

"The prospect of" supernormal "returns in the real estate market has led to more circumspect investors," said James.

"But the improved affordability of housing continues to attract the first homebuyers.

"Low and stable interest rates, less sparkling home prices, firm population growth and stronger labor markets continue to support the demand for owner-occupied housing."

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