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By analysing mortgage applications, a new study shows where Australians under the age of 30 want to live, including the country’s most popular state or territory.
According to research by credit scoring and information service Credit Simple, Queensland is the most popular state for mortgage applications by people under 30.
Breaking down each state and territory across January to June 2017, Queensland had 17 per cent of its mortgage applicants under 30 years old, higher than the national average at 15 per cent.
This was followed by Western Australia at 16 per cent, South Australia at 15 per cent, Victoria at 14 per cent, NSW and Tasmania at 13 per cent, the Australian Capital Territory at 12 per cent and the Northern Territory at 11 per cent.
“Strategies for young Aussies [to] get into the property market are hotly debated, with commentators regularly providing tips from reducing your avo on toast intake to advising people to get higher-paid jobs,” said Credit Simple spokesperson Emily Price.
“We’re not sure about the going rate for avocados in Queensland, but it’s clear that it’s one of the best places for young Aussies to get on the property ladder. With average asking prices of $476,406 for a house in Brisbane, it’s a lot more affordable than other major cities such as Sydney ($799,000).”
The research also revealed the top five postcodes and suburbs for mortgage applications by under 30s across the country and in each state and territory:
Nationally
3029, Victoria – Truganina, Hoppers Crossing
3064, Victoria – Craigieburn, Roxburgh Park
4350, Queensland – Kearney’s Spring, Glenvale
2170, New South Wales – Liverpool, Moorebank
3977, Victoria – Cranbourne, Botanic Ridge
Queensland
4350 – Kearney’s Spring, Glenvale
4300 – Springfield, Goodna
4305 – Brassall, Yamanto
4870 – Redlynch, Earlville
4209 – Upper Coomera, Pimpama
Western Australia
6112 – Armadale, Harrisdale
6164 – Aubin Grove, Cockburn Central
6171 – Baldivis
6061 – Mirrabooka, Balga
6065 – City of Wanneroo, Landsdale
South Australia
5085 – Clearview, Enfield
5162 – Morphett Vale, Woodcroft
5114 – Craigmore, Blakeview
5108 – Salisbury, Paralowie
5159 – Aberfoyle Park, Chandlers Hill
Victoria
3029 – Truganina, Hoppers Crossing
3064 – Craigieburn, Donnybrook
3977 – Cranbourne, Botanic Ridge
3030 – Werribee, Quandong
3023 – Ravenhall, Caroline Springs
New South Wales
2170 – Liverpool, Moorebank
2176 – Bossley Park, Prairiewood
2145 – Wentworthville, Westmead
2148 – Blacktown, Arndell Park
2570 – Camden, Glenmore
Tasmania
7250 – Launceston, Trevallyn
7249 – Kings Meadows, Punchbowl
7005 – Sandy Bay, Dynnyrne
7310 – Devonport, Spreyton
7010 – Dowsing Point, Rosetta
Australian Capital Territory
2913 – Franklin, Nicholls
2617 – Belconnen, Bruce
2905 – Calwell, Tuggeranong
2914 – Amaroo, Harrison
2615 – Higgins, Charnwood
Northern Territory
0810 – Alawa, Brinkin
0870 – Alice Springs
0832 – Rosebery, Mitchell
0820 – Bagot, Bayview
0830 – Durack, Shoal Bay
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