Best Locations for Single Buyers

Kim Ray

BY Kim Ray

Published: 23 March 2021 Updated: 02 May 2023

Buying a house is one of the most expensive purchases most of us will ever make and it can be especially hard if you are buying alone. Here at Victory, we wanted to crunch the numbers and find out which locations in Australia are the most and least affordable for single buyers.

The team looked at monthly mortgage repayments and calculated the cost of utilities and groceries which gave us average outgoings. This figure was then subtracted from the average salaries in 29 locations to determine how much money a single homeowner would be left with every month.

Most Affordable

The most affordable location is Rockhampton where on average a single buyer has $6,801.38 remaining after mortgage repayments, groceries and utility costs have been deducted from their monthly salary.

Top 3 590X422

Least Affordable

In contrast, the most expensive location to buy alone is Bundaberg, where single buyers are left with $1,095.85 every month after outgoings. That is a difference of $5,705.53 compared with Rockhampton!

Bottom 3 590X422


Interestingly, both the most and the least affordable locations are in Queensland and in all 29 places we looked at single buyers were left with more than $1,000.00. The full data breakdown is below:

Overall Results 625X800


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