Brighton ranked the quickest FHB path to house ownership in Greater Hobart: Domain

Brighton ranked the quickest FHB path to house ownership in Greater Hobart: Domain
Brighton ranked the quickest FHB path to house ownership in Greater Hobart: Domain

The quickest path for first home buyers to purchasing a house in Greater Hobart is Brighton, according to a report released this week by Domain.

For those looking to buy a home, Greater Hobart is one of the most accessible capital cities in Australia with the lowest entry price for houses.

"However, when LGAs are considered, accessibility is driven by the affordable outskirts," the report said.

The LGA of Hobart takes approximately 6.3 years to save for an entry price home deposit, which is almost on par with the average time to save for a deposit in Greater Sydney (6.7 years).

Brighton ranked the quickest FHB path to house ownership in Greater Hobart: Domain

Indicative of Brighton's price potential, 23 Andrew Street, Brighton (pictured above) the two bedroom, one bathroom house sold for $230,000 last month.

However even though Greater Hobart requires the shortest time to save of all the capital cities, this has increased by three months for houses and four months for units compared to last year, a result of a strong, growing market outpacing wage growth.

Tags: 
Housing Affordability Brighton

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