Gulargambone most affordable in Australia: report

A TOWN less than an hour-and-a-half from Dubbo has been named "most affordable" in Australia for 2012.

At $65,838, Gulargambone had the most affordable median house value for 2012.

The figure was contained in the 2012 Best of the Best report by property analysts rpdata.com.

The town of Gulargambone is situated on the Castlereagh River, 48 kilometres south of Coonamble.

A part of the Coonamble Shire, Gulargambone has a population of 500 with about 1000 in the postcode.

One of its most famous assets is its community-run Cafe 2828, which operates as a cafe, gallery, visitor information centre and theatrette, and has won numerous awards.

At the opposite end of the scale when it came to affordability was Sydney's Point Piper, which recorded Australia's highest median house value of $5,466,713.

Rpdata said median values were based on the middle value of all values across that suburb (centre) where there had been at least five sales during the year.

In terms of house affordability, the western NSW centre of Brewarrina came in at number five nationally. There were five house sales recorded with a median value of $78,765.

A western NSW town also featured in a list of the ten centres in Australia offering the most affordable median weekly rent.

The median weekly advertised rent for Coonabarabran was $165.

This compared with a figure of $2300 for the West Australian mining centre of Port Hedland, which edged out Sydney's Vaucluse ($2000) as having the highest median weekly advertised rent in Australia,

angela.clutterbuck@ruralpress.com

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