There are plenty of places where buyers can get into the market without requiring a massive deposit, according to the new Canstar Deposit Stars 2024 report.

The report, powered by Hotspotting, highlights 150 suburbs in Australia where buyers can secure a home with a deposit between $50,000 and $100,000. Terry Ryder of Hotspotting says many locations featured in the report reflect a growing phenomenon in Australian real estate: the rise of attached dwellings as the home of choice by more and more buyers. “A range of cohorts are increasingly opting for units and townhouses, including downsizers, lifestyle buyers, migrants and first-home buyers,” he says.

In the Brisbane inner city unit market Bowen Hills tops the list. It is close to the CBD and its median unit price has jumped 17% in the past year but it remains (just) below $500,000. In Sydney, Liverpool tops the list with a median unit price of $485,000. Melbourne’s Melton South has a median house price of just $489,000 and the report says, “attractively priced unit options are quite plentiful in the inner-city precinct”.

Adelaide’s Evanston with a median house price of $480,000 tops that city’s list while Perth’s Midland with a median house price of $460,000 is the best option in that city.