Australia's cheapest penthouses for sale for under $500,000

Owning a penthouse carries cache.

It’s a style of home that signals elite status, generally with a plum price tag.

But the definition of a penthouse – “a flat on the top floor of a tall building” – provides the scope for it to be a possible purchase for a broad range of buyers.

With that in mind, a penthouse doesn’t have to be luxuriously priced – it is simply the property that occupies the loftiest position in an apartment tower, delivering all the treats that position provides.

A sweep of Domain listings reveals penthouses for sale around Australia for under $500,000.

Victoria

16/69 Clow Street, Dandenong
$440,000 to $484,000

SOLD - $420,000

16/69 Clow Street, Dandenong VIC 3175

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The three-bedroom apartment (with two bathrooms and one car space) captures an urban streetscape from its penthouse position. The dining and kitchen zone is orientated to the balcony, for entertaining, and a third bedroom also has access to this al fresco area.

27 Alpine Heights, Mount Hotham
$350,000

SOLD - Price Withheld

27 Alpine Heights, Mount Hotham VIC 3741

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With one bedroom and a bathroom, this is a petite, ski-in, ski-out proposition for a snow bunny who needs a simple but comfortable crash pad for winter holidays. The loft-style penthouse has vaulted ceilings and custom joinery to make the most of the space. A highlight is a huge window framing the mountains.

Queensland

73/4 Aplin Street, Townsville City
Offers over $369,000

Offers over $369,000

73/4 Aplin Street, Townsville City QLD 4810

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When you buy a penthouse, you expect views. And this delivers. The two-bedroom pad captures vistas of the sports stadium, city and river from its east-end slot in the building. The single bathroom has double access to the main bedroom, so it moonlights as an en suite. Enjoy the warm Queensland nights in the pool and spa, and throw in a barbecue, gym and sauna.

41/168-174 Moore Road, Kewarra Beach
Offers over $499,000

Offers $499,000

41/168-174 Moore Road, Kewarra Beach QLD 4879

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The two bedder (with basement parking) has the bonus of a study and looks over the tropical garden from a corner position. The apartment block, The Keys, is in a US-style “gated community”, with oodles of security and privacy, and residents can enjoy a pool that is lifted from the pages of a travel magazine.

Western Australia

42/33 Newcastle Street, Perth
Offers From $449,000

SOLD - $429,000

42/33 Newcastle Street, Perth WA 6000

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The eight-year-old apartment has a highly-sought, north-east orientation, enhanced by a large balcony, with the bonus of another balcony off the main bedroom, for morning coffee. Nobody lives above – all that the new owner will find is a peaceful communal garden, plus a pool and gym, on the level above.