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Deposit Stars Report 2024
Deposit Stars: Canstar’s Australian Property Market Report 2024
The new ‘Deposit Stars’ report takes a deep dive into Australia’s property market through the lens of property buyers with two deposit sizes: $50,000 and $100,000.
150 suburbs have been uncovered across the country’s eight capital cities and six regional markets as promising locations for buyers on a budget to enter the market.
The report uses two loan-to-value ratios and three key metrics: price, rental yield, and infrastructure, with each listed property including median price, estimated yield as well as calculations on any additional fees or stamp duties a potential buyer should look out for.
Whether you’re downsizing, looking for a first home or a place to invest, this report shows there are options that could suit your budget – you just have to look for them.
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Buying in Australia with a $50K or $100K deposit
If you’re looking to buy a home but everywhere seems outside your price range, Canstar’s latest property report has found that there are still areas in major cities where you can potentially buy with a deposit of $50,000.
Important Information
To the extent that any advice is contained in Canstar’s Australian Property Market Report (Powered by Hotspotting by Ryder), such advice is general and has not taken into account your objectives, financial situation, or needs. It is not personal advice. Consider whether this advice is right for you, having regard to your own objectives, financial situation and needs. You may need financial advice from a suitably qualified adviser. Consider the product disclosure statement (PDS) and Target Market Determination (TMD) before making a decision about a financial product. Contact the product issuer directly for a copy of the PDS and TMD. For more information, read Canstar’s Financial Services and Credit Guide (FSCG), and read our Detailed Disclosure.
This report has been prepared as a guide only and is not a recommendation about taking any particular action. We recommend that you seek professional advice from a suitably qualified adviser before electing to make any property investment decision.
All information about performance returns is historical. Past performance should not be relied upon as an indicator of future performance. The value of your investment may fall or rise. Forecasts about future performance are not guaranteed to occur.
A property investment may not be suitable for all people and the information in this report does not take into account your individual needs or investment risk profile. There are no certainties in property investment and as with any investment, there are always risks and variables that need to be taken into account.