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Keynes unemployment rate hit a new low, 350000 can buy waterscape houses

 
[Economic News]     24 Aug 2019
The median price of Cairns`s independent home is just A $391338 and the median price of an apartment is A $325307. (picture of Daily Mail)
Keynes unemployment rate hit a new low, 350000 can buy waterscape houses

The median price of Cairns`s independent home is just A $391338 and the median price of an apartment is A $325307. (picture of Daily Mail)


According to the Daily Mail, some remote cities in Australia not only have plenty of jobs, but also can buy waterview apartments near the beach by just A $350000.

It is reported that in some remote coastal areas, only half of the price of Sydney coastal apartments can buy waterview apartments or separate houses, and the unemployment rate in such areas is lower than the Australian average.

The median price of an independent home in Cairns, far north of Kunzhou, is just A $391338 and the median price of an apartment is A $325307, according to CoreLogic, a housing market research firm.

For example, buy a one-bedroom waterscape apartment at (Esplanade) on Binhai Avenue for just A $355000.

Federal Securities (CommSec) analyzed Australian Bureau of Statistics (ABS) data and found that Keynes`s unemployment rate was 4.4 percent, well below the Australian average of 5.2 percent. It is also 7.5% lower than the city`s 10-year average.

Keynes unemployment rate hit a new low, 350000 can buy waterscape houses

The unemployment rate at Cape Tivid (Tweed Heads) is just 4.1 percent, with a median flat price of A $426034 and a separate home with A $631601. (picture of Daily Mail)


(Tweed Heads), the headland of Tivid in the northern part of the new state, also belongs to this kind of area. The unemployment rate in towns on the Kunzhou border with the Gold Coast (Coolangatta) on the Gold Coast is just 4.1 percent, down from a 10-year average of 6.6 percent.

The median price of a flat here is A $426034. A one-bedroom apartment with a view of the Pacific costs A $405000. Independent housing prices are slightly higher, with a median price of A $631601.

In addition, Victoria also has a coastal town housing prices, unemployment rate is low.

The unemployment rate in Vanampur, three hours west of Melbourne, is just 2.9 percent, making it one of the lowest unemployment rates in Australia. The median price of an independent home here is just A $357022, nearly half of Melbourne`s median price of A $709092. The median price of a flat is even lower, at A $249314.

On the other hand, in Sydney`s Sutherland County (Sutherland Shire), although unemployment is the lowest in Australia at 2.2 percent, the median price of Curunura (Cronulla) is still as high as A $766675.

Although the unemployment rate on Sydney`s northern beaches is as low as 2.9%, house prices are also high. The median price of Manley (Manly) `s apartment is more than A $120A. The (Dee Why), 7 kilometers north, is more than A $690976.

Although the unemployment rate in central Sydney is only 2.9%, house prices are more expensive. Among them, the median (The Rocks) house price in the rock area, which is likely not to enjoy the waterscape, is as high as A $1.3 million.

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