Five renovated homes under $1 million for sale now around Australia

The cost of trades and materials has soared, putting pressure on renovation plans and budgets.

Must-inspect properties are those with the heavy lifting already done.

The Housing Institute of Australia said this year the squeeze on industry resources could last two years, with tens of thousands of homes already under construction and a total of 125,000 set to begin.

The shortage of plumbers, bricklayers, electricians and builders won’t be an issue for the buyers of these five ready-made gems, for sale around Australia.

The criteria is simple – price guides under $1 million, renovated (the major aspects completed, including kitchens and flooring) and ready to move into.

240 Onkaparinga Valley Road, Oakbank, South Australia

SOLD - $920,000

240 Onkaparinga Valley Road, Oakbank SA 5243

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Price guide: $890,000-$970,000
Need to know: The four-bedroom historic home, built in about 1910, is crafted from striking stone, and has a gorgeous street presence, in a township in the Adelaide Hills.

B20/73-83 Haines Street, North Melbourne, Victoria

SOLD - $865,000

B20/73-83 Haines Street, North Melbourne VIC 3051

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Price guide: $750,000-$800,000
Need to know: Designed by esteemed architect Peter McIntyre, this apartment is very close to the CBD, and the buyer will enjoy a communal garden and unique shared amenities – rooftop beehives, veggie patch and worm farms.

9 Station Street, Somerville, Victoria

SOLD - $685,000

9 Station Street, Somerville VIC 3912

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Price guide: $620,000-$680,000
Need to know: In the back of the Mornington Peninsula, this is a three-bedroom house with raked ceilings, hardwood floors, a rain shower in the bathroom (with soaking tub) and a newly-sealed driveway.

20 Goldmark Crescent, Cranebrook, New South Wales

$799,000

20 Goldmark Crescent, Cranebrook NSW 2749

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Price guide: $779,000-$829,000
Need to know: The house features new plantation shutters, LED lights, air conditioning, and the bathroom and laundry have been completed overhauled. Subway tiles flourish the kitchen and everything is fresh and plush.

1/36A Pier Street, Glenelg, South Australia

SOLD - $475,000

1/36A Pier Street, Glenelg SA 5045

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Price guide: $420,000-$460,000
Need to know: The location is superb – near the beach, in one of Adelaide’s most highly-sought suburbs. It’s a one-bedroom apartment (which the agent dubs a “homette”) in a block of five, with scope to add a second level (subject to council approval) and a reno already done.