bigstock-Beautiful-view-of-the-cityscap-49641488Realestate.com  joined forces with Westpac and RP Data to uncover the areas where Australians can buy a home at a lower cost than its more popular neighbouring suburb.

These areas provide an opportunity for house hunters to use the money saved by purchasing in a lower-cost neighbouring suburb to own their home sooner.

The ‘hidden gem suburb’ is one that’s close by to the popular suburb, but has a cheaper average house/unit price.

“By simply considering a suburb just a stones throw away from your first preference, these suburbs represent real value for buyers who want to truly ‘own’ their home sooner,” said Gai McGrath, General Manager of Retail Banking at Westpac.

“For example, if you wanted to buy a house in the third most popular suburb in Perth, Mount Lawley, you could consider neighbouring suburb Highgate where the average house price is 27% cheaper".

Here’s the gems:

1. Innaloo $618,891 – a saving of $81,282 (11.6%) from neighbour Scarborough
2. O’Connor $572,144 – a saving of $229,908 (28.7%) from neighbour Fremantle
3. Highgate $678,530 – a saving of $250,899 (27%) from neighbour Mount Lawley
4. Victoria Park $623,090 – a saving of $415,187 (40%) from neighbour South Perth
5. Langford $367,703 – a saving of $259,270 (41.4%) from neighbour Canning Vale
6. West Perth $709,723 – a saving of $445,324 (38.6%) from neighbour Subiaco
7. Bentley $501,376 – a saving of $200,815 (28.6%) from neighbour Como
8. Ashfield $496,997 – a saving of $101,711 (17%) from neighbour Maylands
9. Mirrabooka $385,485 – a saving of $250,326 (39.4%) from neighbour Dianella
10. Eden Hill $439,378 – a saving of $177,794 (28.8%) from neighbour Bayswater