If you are looking for a bargain close to the city, then information supplied by Australian Property Investor Magazine in their latest edition shows that Hobart is definitely the go with 66.7% of properties within 20 kms of the CBD being valued at less than $400,000.

There’s a big gap to the next capital city of Adelaide where 45.6% of the properties fall into this category and then another big step to Darwin, Brisbane and Perth that are all around the 26%, then Melbourne (23.5%) and Canberra (21.6%). It’s no surprise that the city with the least number of properties less than $400,000 within a 20km range is good old Sydney where only 18.3% of properties are included.

These statistics of course are only one side of the picture and, if you were looking at these figures from an investment point of view, then you also need to consider the rent being received in the area and the capital growth that has been experienced over the medium to long term.  On the face of it, Hobart would be the place to shop based on the prices of property but, as i said, there are other factors as well.

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