Affordable Australian cities where house price still haven't peaked

Millennials struggling with record house prices can still find bargains in two Australian cities where values remain below previous peaks – but are set to surge in 2021.

In March, house prices hit all-time highs in 61 of Australia’s 88 sub markets but Perth and Darwin weren’t among them.

Median house prices in both capitals are still below the 2014 peak following the end of the mining boom.

CoreLogic’s head of research Eliza Owen said Perth house prices were still 15.9 per cent below the previous peak reached in June 2014.

Two major cbd oil clifton co Australian cities still haven’t hit a property price record amid predictions one of them will see a 19 per cent surge in 2021 alone.

Pictured is a two-bedroom house on the market at Stirling in Perth’s north west selling for $599,000