New research from Oliver Hume reveals that buyers priced out of inner-city suburbs in Adelaide, Brisbane, and Melbourne can find significantly more affordable options in growth corridors, where new house and land packages offer better value, modern design, and strong future potential.

Adelaide 

Buyers priced out of Adelaide’s inner-city suburbs are being urged to cast a wider net, with the average price of a new house and land package in growth areas like Playford now cheaper than all but 60 of Greater Adelaide’s 351 suburbs, making it more affordable than 83% of the rest of the region.

New research from Oliver Hume Property Group that compares the price of a house and land package with the media price for buying an established home found that Gawler ($731,273 median) was the next most affordable with house & land more affordable than 82% of suburbs across the city.

The data shows that buying a new home in Greater Adelaide’s growth areas is now a much more affordable option than buying an existing home in most established suburbs, even before considering other benefits like stamp duty savings, access to grants and incentives and modern, energy-efficient materials and designs.

SEQ

Buyers priced out of Brisbane’s inner-city suburbs are being urged to cast a wider net, with the average price of a new house and land package in Ipswich now cheaper than all but 98 of SEQ’s 510 suburbs, making it more affordable than 81% of the rest of the region.

New research from Oliver Hume Property Group that compares the price of a house and land package with buying an established home found that Logan was the next most affordable with house & land more affordable than 77% of suburbs across the city.

Buying a new home in Brisbane’s growth areas is now a much more affordable option than buying an existing home, even before considering other benefits like stamp duty savings, access to grants and incentives and modern, energy-efficient materials and designs.

The data showed Moreton Bay’s median new house and land price was more affordable than 73% of SEQ suburbs, while the average price in Redland was more affordable than 55% of suburbs.

Melbourne 

Buyers priced out of Melbourne’s inner-city suburbs are being urged to cast a wider net, with the average price of a new house and land package in Mitchell, north of Melbourne, now cheaper than all but 25 of Melbourne’s 419 suburbs, making it more affordable than 94% of the rest of the city.

New research from Oliver Hume Property Group that compares the price of a house and land package with buying an established home found that even the most expensive area for new homes (Cardinia: $767,888 median) is more affordable than 74% of suburbs across the city.

Buying a new home in Melbourne’s growth areas is now a much more affordable option than buying an existing home, even before considering other benefits like stamp duty savings, access to grants and incentives and modern, energy-efficient materials and designs.

The data showed Greater Geelong’s median new house and land price was more affordable than 90% of suburbs, while the average price in Wyndham was more affordable than 87% of suburbs.

Oliver Hume Chief Economist Matt Bell said buying new house and land packages in Brisbane, Adelaide and Melbourne growth corridors remained one of the most attractive options for buyers priced out of established suburbs.

“When you buy a new house and land package, you’re purchasing a home that is built to today’s standards, designed for modern living, and usually supported by new community infrastructure. That combination often represents better overall value than an established home,” he said.

“New builds also come with some important financial advantages, including builder warranties and far lower maintenance costs in the first decade of ownership. Buyers can also access depreciation allowances, particularly appealing for investors who want to offset their taxable income.

“Energy efficiency is another area where new homes stand out. From insulation and glazing to solar readiness and water-saving fixtures, new homes generally have much lower running costs. Over a 20- to 30-year horizon, the savings on utilities alone can add up to tens of thousands of dollars compared with older housing stock.”

Mr Bell said house and land packages were also generally located in growth corridors, where governments and developers are investing heavily in new schools, transport links, and community amenities.

“This creates strong potential for capital growth as the area develops. For many buyers, it’s not just about owning a new home, but also about securing a place in a growing community with future upside.”

“Taken together, these benefits make new house and land packages a compelling choice for value-conscious buyers.”