How much it costs to live in Australia’s top suburbs for South Africans
South Africans moving to Australia are congregating in coastal territories and paying millions of rands for homes.
The Australian Bureau of Statistics (ABS) said that over the first quarter of 2023, Australia’s residential property dwellings increased by 52,000 to a whopping 11,020,300. Furthermore, the mean price of residential homes rose by $8,500 to $896,000 this quarter.
ABS provided the mean dwelling price in certain states and territories across the country with updated figures for the first quarter of 2023.
At the time of writing, one Australian dollar is equivalent to R12.13 (19 July 2023).
According to the bureau, New South Wales boasts the highest price at $1,150,400, roughly R13.9 million.
The eastern states are then followed by the Australian Capital Territory, $951,800 (R11.54 million), and Victoria, $898,300 (R10.89 million). The bureau reported the lowest mean price is in the Northern Territory, $502,100 (R6 million).
As previously reported by the ABS, South African demographics are primarily located in eight suburbs across the country with the following breakdown in terms of population:
- New South Wales, St Ives – 1,310 South Africans
- Western Australia, Baldivis – 1,029
- Victoria, Point Cook – 950
- Queensland, North Lakes – 822
- South Australia, Hallett Cove – 270
- Tasmania, Kingston – 127
- Australian Central Territory, Nicholls – 85
- Northern Territory, Darwin City – 39
ABS provided a graphic illustrating the popular staying places for South Africans in Australia:
BusinessTech looked at what was currently on offer:
New South Wales, St Ives
Average house price in the area: $1,150,400/ R13,959,528
1/268 Mona Vale Road, St Ives, NSW 2075 – $1,100,000
Western Australia, Baldivis
Average house price in the area: $651,700/ R7,908,053
13 Portman Parade, Baldivis, WA 6171 – $600,000
Victoria, Point Cook
Average house price in the area: $898,300/ R10,900,421
13 Atlantis Drive, Point Cook, Vic 3030 – $880,000
Queensland, North Lakes
Average house price in the area: $752,200/ R9,127,570
21 Lomond Close, Edge Hill, Qld 4870 – $750,000
South Australia, Hallett Cove
Average house price in the area: $664,300/ R8,060,948
10 Cornwall Street, Sheidow Park, SA 5158 – $660,000
Tasmania, Kingston
Average house price in the area: $655,800/ R7,957,805
34 Powell Road, Blackmans Bay, Tas 7052 – $650,000
Australian Central Territory, Nicholls
Average house price in the area: $951,800/ R11,549,617
62 Greg Urwin Circuit, Casey, ACT 2913 – $960,000
Northern Territory, Darwin City
Average house price in the area: $502,100/ R6,092,732
10/1 Mauna Loa Street, Darwin City, NT 0800 – $515,000
Read: What the new generation of homebuyers are looking for in South Africa
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