Capital-city suburbs where you can buy a house with a $500,000 budget within 20km of the CBD

Buyers hoping to crack the property market within 20 kilometres of the CBD with a $500,000 budget have access to just 19 suburbs across Australia, according to a new analysis.

The Domain House Price Report has revealed a short list of affordable suburbs in Brisbane, Perth, Adelaide and Darwin.

“Affordability tends to improve the further away you get from CBD,” says Domain chief of research and economics Dr Nicola Powell.

“If somebody is wanting a detached home or a terraced home, typically if you edge further away from the city centre, you’re going to find a greater chance of securing something that is more affordable, because land becomes cheaper the further you get from the CBD.”

Houses under $500,000 in Brisbane

In Brisbane, there are two suburbs where $500,000 could secure you a house within 20 kilometres from the CBD. Woodridge in Brisbane’s west has a median price of $455,000, and Brendale in the north has a median of $485,000.

18/124 Smith Road, Woodridge, QLD 4114

SOLD - $350,000

18/124 Smith Road, Woodridge QLD 4114

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This Woodridge townhouse has two bedrooms and a massive L-shaped yard. It’s within walking distance of Woodridge North State School, public transport and shopping centres.

94 Jean Street, Woodridge, QLD 4114

SOLD - $553,000

94 Jean Street, Woodridge QLD 4114

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This three-bedroom house may need tender love and care, but with 607 square metres of land, it can easily be turned into something new. The house is close to Logan amenities like the bowls club, public library and entertainment centre. 

Houses under $500,000 in Perth

Perth has 12 suburbs where houses have a median price of less than $500,000, including the eastern suburbs of Middle Swan ($465,000), Bellevue ($470,000), Stratton ($476,000) and Midvale ($481,000). 

1/7 Park Road, Midvale, WA 6056

SOLD - $425,000

1/7 Park Road, Midvale WA 6056

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This three-bedroom Midvale villa offers built-in wardrobes, a garden shed, an open kitchen, and a floor plan made for easy living. It’s currently being rented out for $420 a week.

1 Afric Street, Middle Swan, WA 6056

SOLD - $551,000

1 Afric Street, Middle Swan WA 6056

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This Middle Swan three-bedroom home is on 1060 square metres of land, with ample space to create a beautiful backyard or to redevelop into multiple properties with approval from council. It’s close to local schools, parks and public transport. 

Houses under $500,000 in Adelaide

In Adelaide, house buyers can find affordable properties in Elizabeth East (median price of $480,000), Elizabeth North ($480,000) and Salisbury North ($485,000).

11 Whiteparish Road, Elizabeth North, SA 5113

SOLD - $458,000

11 Whiteparish Road, Elizabeth North SA 5113

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This three-bedroom house has a fully fenced backyard and a garden shed for extra storage. The home comes with an updated kitchen and a solar energy system. It’s a short distance from Womma railway station. 

105 Hunter Crescent, Salisbury North, SA 5108

SOLD - $541,000

105 Hunter Crescent, Salisbury North SA 5108

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This semi-detached townhouse in Salisbury North has three bedrooms with built-in wardrobes and an open living space. Plus, it has a private courtyard – perfect for entertaining guests or to host many plants.

Houses under $500,000 in Darwin

In Darwin, home buyers should begin their search in Berrimah, which has a median price of $250,000, and Gunn ($500,000).

32 Cunningham Crescent, Gunn, NT 0832

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32 Cunningham Crescent, Gunn NT 0832

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This Gunn house sits on 396 square metres of land and has three bedrooms and two bathrooms. It also has a large carport and an in-ground spa in the backyard – perfect for relaxing.