Hidden gem suburbs hiding next door

Hidden gem suburbs hiding next door

Posted on Monday, August 26 2013 at 5:12 PM

Have you been dying to buy into Sydney’s Manly, Melbourne’s Toorak or Brisbane’s Paddington? It might seem like nothing beats blue-chip real estate but that’s not the case, if you’re keen to own your home outright as fast as possible.

The top 10 suburbs in our main cities where Australians can buy a home
at a lower price than the more popular neighbouring suburb have been revealed.

Westpac’s general manager of retail banking Gai MacGrath says buyers who
truly want to own their home sooner can find real value by simply considering a
suburb which is a stone’s throw from their preference.

“For example, if you wanted to buy a house in the third most popular
suburb in Sydney, Baulkham Hills, you could consider travelling just eight
kilometres away in Seven Hills, where the average house price is 34 per cent
cheaper,” she says.

“You’d still be in the booming northwest of Sydney, but you could own
your home 18 years and five months sooner and save $435,028 in both purchase
price and interest repayments over time.” 



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