South Africans are moving to coastal towns in Australia where average house prices can go well above the R10 million mark.
South Africans moving to Australia are congregating in coastal territories and paying millions of rands for homes. 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.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 , and Victoria, $898,300 . The bureau reported the lowest mean price is in the Northern Territory, $502,100 .
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:Victoria, Point Cook – 950Australian Central Territory, Nicholls – 85ABS provided a graphic illustrating the popular staying places for South Africans in Australia:Average house price in the area: $1,150,400/ R13,959,528Average house price in the area: $651,700/...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This type of crime could see victims hit with a R10 million fine in South AfricaBusinesses and other victims of cybercrime could face penalties and fines on top of the costs associated with dealing with breaches.
Read more »
South Africans save for food and funeral costsNo sights set on capital investment or big-ticket items, consumer data shows
Read more »
South Africans see benefits of buying directly from brands when shopping online - report | News24South Africans have an appetite to buy directly from brands’ websites when shopping online, a consumer spending report has found.
Read more »
South Africans spend less on internet connectivityMore South Africans are relying on in-home connectivity to use the internet amid a rise in work from home, says CiscoAfrica. connectivity DataCost networking
Read more »
106 countries South Africans can visit visa-freeSouth Africa's passport moved up Henley & Partners' world rankings for 2023, with 106 countries available for South Africans to visit visa-free.
Read more »