Capital-city suburbs where you can buy a house with a $750,000 budget
Buyers hoping to crack the property market with a $750,000 budget have access to over 400 capital-city suburbs across Australia, according to a new analysis.
The Domain House Price Report reveals a long list of affordable suburbs spreading across all the major capitals, including Sydney.
The trick to securing a house with a $750,000 budget is knowing where to look, and that could mean having to search a bit further out from the inner city, says Domain chief of research and economics Dr Nicola Powell.
“What you get in each capital city is so diverse,” she says. “For example, $750,000 is very close to the overall median house price of Perth, but is much lower in a market like Sydney.
“In the more affordable capital cities, that $750,000 will likely get you closer to a CBD in those middle-ring suburbs, versus somewhere like Sydney, which is much higher priced, and you’re much more likely to only find that in the very outer, outer, periphery.”
Berrimah in Darwin is the most affordable suburb, with a median house price of $254,250. It’s followed by Medina in Perth, which sits at $374,000.
Affordable houses in Melbourne
In Melbourne, there are 85 suburbs where a $750,000 budget could secure you a house. Dallas (median price $515,000), Kurunjang ($522,500), Broadmeadows ($535,000) and Melton West ($537,500) are some of the most affordable locations.
141 Gisborne-Melton Road, Kurunjang, VIC 3337
This red-brick home in Kurunjang comes with four bedrooms and one bathroom. It has a starting price of $480,000 and sits on 660 square metres of land, offering plenty of space for a family.
31 Hilton Way, Melton West, VIC 3337
Also built of red bricks is this Melton West house on 736 square metres of land. It comes with three bedrooms, one bathroom and an outdoor entertaining area that’s perfect for summer barbecues.
16 Graham Street, Broadmeadows, VIC 3047
This Broadmeadows home sits on 638 square metres of land and comes with three bedrooms and one bathroom. It’s near two parks and Broadmeadows station. It also offers a garage in the yard that’s perfect for extra storage.
Affordable houses in Sydney
Sydney has 11 suburbs where houses have a median price of less than $750,00, with the western suburbs of Lethbridge Park ($678,500), Oxley Park ($682,500), Werrington ($683,375) and St Marys ($700,000) being some of these locations.
7 Leyte Avenue, Lethbridge Park, NSW 2770
Separate guest quarters with a patio, kitchenette and bathroom add to the charm of this four-bedroom, two-bathroom house on 575 square metres of land. The home comes with solar panels, which could help lower electricity bills.
3 Perth Street, Oxley Park, NSW 2760
This Oxley Park brick duplex is situated on 270 square metres of land and comes with three bedrooms and one bathroom. It also has an undercover patio area in which to entertain guests.
6/165 Adelaide Street, St Marys, NSW 2760
Near schools, shops and transport, this two-bedroom brick villa is carpeted throughout and has split-system air-conditioning in the main room. It also comes with a massive backyard, great to keep children busy.
Affordable houses in Brisbane
In Greater Brisbane, house buyers should begin their search in Laidley, which has a median price of $430,500, Woodridge ($440,000), East Ipswich ($441,000) and Leichhardt ($473,000).
44 Aspinall Street, Leichhardt, QLD 4305
This four-bedroom home is located on a 622 square metre block and has solar panels. It has a fully fenced yard with gates, so any dogs will have a hard time running after the postie.
11/194 Ewing Road, Woodridge, QLD 4114
Built-in wardrobes and ceiling fans are features of this two-bedroom brick house. Plus, it’s a few minutes away from the train station and about 25 minutes from Brisbane city centre. It’s currently being rented out for $310 per week.
1 Leslie Street, East Ipswich, QLD 4305
This three-bedroom waterboard house sits on 607 square metres of land and is a quick walk from East Ipswich train station. All the bedrooms have ceiling fans and the living room comes with air-conditioning. It’s currently being let at $400 a week.
Affordable houses in Adelaide
In Adelaide, house buyers can find affordable properties in Davoren Park (median price of $393,250), Elizabeth North ($400,500), Elizabeth Downs ($404,750) and Smithfield Plains ($425,000).
5 Marshman Street, Davoren Park, SA 5113
This white-brick three-bedroom house is on 590 square metres of land. Its features include solar panels, a U-shaped kitchen – with ample storage space for all sorts of kitchen appliances – and a floating deck on which to enjoy slow mornings with a hot cup of tea.
19A Bartlett Street, Elizabeth Downs, SA 5113
Located within walking distance of schools and public transport, this three-bedroom two-bathroom brick home is ideal for families. It comes with plenty of outdoor space, making it suitable for a pet and the kids to run around in.
Lot 3 NEW ROAD, Elizabeth North, SA 5113
This house-and-land package starts at $588,00 and includes a block of 225 square metres. The construction package includes a concrete driveway, remote-controlled garage door, air-conditioning and a stainless steel cooktop and oven. It’s also within walking distance of a train station.
Affordable houses in Perth
In Perth, people looking to buy an affordable house should turn to Medina, which has a median price of $374,000, Midland ($387,500), Calista ($407,000) and Armadale ($410,000).
1 Deerness Way, Armadale, WA 6112
Built in 1972, this corner-block weatherboard three-bedroom house starts at $599,000 and sits on 690 square metres of land. It has an open-plan kitchen, a dining room and a separate laundry.
6 Cope Street, Midland, WA 6056
This two-bedroom 1950s house is within walking distance of the local shops and several restaurants. The house, which sits on 1054 square metres of land, is ripe for renovation, or demolition in order to build a new home or multiple dwellings.
14 Maydwell Way, Calistal, WA 6167
This red-brick house has three bedrooms, two bathrooms, and an open-plan kitchen, dining and lounge area. Features include ceiling fans, wooden floors and air-conditioning. It sits on 458 square metres of land.
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