Property bargains: What a budget of $300,000 can get you across Australian cities
Looking to buy in a capital city on a budget? House prices are soaring, but incredibly, there are still a handful of properties listed with price guides as modest as $300,000, even in pricey Sydney.
They range from apartments in the suburbs to inner-city studios – and in some cities, it will even stretch to an unassuming house on land.
Here’s where to look and what you’ll find.
Sydney
As the most expensive capital in the country, it’s no surprise that a budget of $300,000 won’t stretch far in the harbour city.
In Parramatta, in the city’s west, buyers can get their hands on a modern studio with a small balcony situated on the Great Western Highway for $239,000.
About a 10-kilometre drive south of there, a one-bedroom apartment with parking is for sale for $299,000 in Fairfield, while in St Marys – about a 45-kilometre drive from the CBD – buyers may just be able to get their hands on a two-bedroom top-floor apartment that is advertised for $289,950-$309,950.
Closer to the city, buyers will find a studio in the inner-west suburb of Petersham, which is scheduled for auction later this month with a price guide of $290,000.
You’ll have to be comfortable climbing a few stairs to get to your “built-in mezzanine bed”, but on the bright side, there’s some storage space underneath.
Melbourne
In Melbourne, buyers could just scrape into St Kilda, where a one-bedroom apartment without parking is advertised for bang on the $300,000 mark. The bedroom, sectioned off from the living and dining area by sliding doors, has a built-in wardrobe, and the unit opens out to a sun-drenched balcony.
In the city centre, a spacious one-bedroom apartment close to the Yarra River is advertised for $265,000-$285,000. In Footscray, about six kilometres west, buyers will also find a one-bedroom apartment with parking within budget – advertised for $260,000-$285,000.
Buyers could even get their hands on small two-bedroom apartments in Carlton and Caulfield East if the units sold at the lower end of their price guides of $280,000-$308,000 and $290,000-$319,000, respectively.
Brisbane
About a 20-minute drive north-east of the city centre, buyers will find this stylishly renovated one-bedroom apartment with a single garage and a covered balcony on the market for offers over $279,000.
Further north in Brendale, an original condition three-bedroom house is asking $290,000-plus.
Meanwhile, to the city’s south, buyers will find a two-bedroom apartment on the market in Coorparoo for $280,000-$290,000, and further south in Doolandella, about a 20-kilometre drive from the city centre, a three-bedroom, three-bathroom townhouse is on the market for $285,000-plus.
Perth
Over in Western Australia, Perth buyers could consider everything from a one-bedroom apartment to a three-bedroom house.
In Bentley, in the city’s south-east, a two-bedroom unit with a balcony and courtyard is advertised for offers above $249,000, while in the inner suburbs, a one-bedroom apartment with water views in South Perth is up for grabs from $295,000.
Further south-east, about 20 kilometres from the city centre, a $300,000 budget will get you a three-bedroom house on 683 square metres in Maddington. It is advertised as “from $269,000”.
Canberra
There’s not much under budget in the nation’s capital, with only a few dozen properties priced at $300,000 or less.
In the city’s north-west, a one-bedroom apartment with parking in Macquarie is advertised for $279,000-plus, while to the city’s north off-the-plan, one-bedroom apartments in Gungahlin are listed for $278,900.
On the south side of the CBD, those with a little extra cash to splash, between $300,000 and $330,000, could pick up a two-bedroom unit in Narrabundah.
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