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How far out from the Brisbane CBD do you need to go to spend less than $500,000 on a house?

first_imgMore from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours agoOffers over $399,000 will help secure this home at 16 Elmes Rd, Rocklea. Picture: realestate.com.auCoreLogic analyst Cameron Kusher said most capital cities had experienced a significantdecline in suburbs with a median value below $500,000 in recent years.“Meaning that to access more affordable housing buyers have to move further away from the city centre,’’ he said. Rocklea is the closest suburb to the city in Brisbane with a median house value below $500,000. The median is $419,922.The other four cheap suburbs close to Brisbane were Hemmant, 10.3km, Archerfield, 10.4km, Pinkenba, 11.4km and Zillmere 12.1km. 16 Elmes Rd, Rocklea is listed for offers from $399,000. Picture: realestate.com.auWITH $500,000 to spend are you still able to find property close to the CBD?Well that depends on what capital city you live in – and if it’s in Brisbane you are in luck.New data from CoreLogic has revealed five suburbs with median house values of less than $500,000 within less than 12km of the Brisbane CBD.In Sydney you have to go almost 40km from the CBD to find something similar and in Melbourne the nearest suburb is 16km from the city. 12 Peplow St, Hemmant is listed for offers over $429,000. Picture: realestate.com.auCoreLogic figures reveal there were 37 house sales in Rocklea in the past year, that means half of those properties sold for below the media and half for above that price.last_img read more