Homes below the median in every capital city - some even have a pool
There’s some relief in sight for house buyers with the pace of price growth continuing to slow in most capital cities.
However, purchasers with their eyes set on Perth or Brisbane will have to stomach skyrocketing prices, based on data obtained from Domain’s House Price Report for the June 2024 quarter.
“What we have is very much a multi-speed market across our capital cities,” Domain’s Chief of Research and Economics, Dr Nicola Powell, says.
“But while price rises in most capital cities are losing momentum, in Perth and Brisbane, they’re doubling. Perth is having another heyday, reminiscent of the mining boom, and Queensland is still seen as a strong lifestyle location.”
House prices have again hit record highs nationally, not only in Perth and Brisbane, but also in Sydney and Adelaide. Melbourne and Canberra’s housing markets have improved after struggling to recover. Meanwhile, Darwin flatlined, while Hobart’s house prices declined.
Here’s is a snapshot of where you can purchase a home in your capital city for under the median house price.
Sydney
A three-bedroom, one-bathroom home at 92 Sedgman Crescent in Shalvey has a price guide of $780,000, as stated on the listing.
Shalvey is a suburb of Blacktown, 48km west of Sydney’s CBD.
The renovated property ison a block of 749 square metres and has a “Scandinavian aesthetic”, as described by the listing agents.
Ashton Hogan and Jack Nahas of Laing+Simmons Mount Druitt and Rooty Hill are handling the property campaign.
The three-bedroom, one-bathroom property has a price guide of $1.48 million to $1.55 million.
Merrylands is in the western suburbs of Sydney, 25km from the CBD.
The home has undergone an overhaul with a renovated kitchen and updated bathroom.
Gemma Stojanovic and Daniel Starr of Starr Partners Merrylands are the listing agents.
The two-bedroom, two-bathroom property at 4 Rumsay Street in Rozelle has an auction guide of $1.6 million.
Rozelle is an inner-city suburb of Sydney, 4km west of the CBD.
Described as a “terrace retreat” on the listing, there is a front deck and rear courtyard to kick back and relax.
Rebecca Williams and Lynsey Kemp of Belle Property Balmain are the listing agents and an auction has been scheduled for 9am on Saturday, August 24.
Melbourne
The property at 24 Seahawk Crescent in Clyde North has a price guide of $690,000 to $750,000.
The four-bedroom, two-bathroom home was built in 2021 and is described as “affordable” and “modern” on the listing.
Clyde North is 46km southeast of Melbourne’s CBD, in the first-home belt, where new estates have sprung up.
Shagi Pathmanathan and Yasantha De Silva of Hall and Partners First National Dandenong are handling the property campaign.
The Fulton Street house in the suburb of Officer, the property has a price guide of $790,000 to $830,000.
The four-bedroom, two-bathroom home has a dedicated kids’ retreat and alfresco zone for entertaining.
Officer is 48km southeast of Melbourne’s CBD.
Maddy Johnson and Peter Watson of First National Neilson Partners Pakenham are the listing agents.
The three-bedroom, two-bathroom home at 20 Havelock Street in Maidstone is listed for $880,000.
Described as a “move-in-ready” family abode, there is an open-plan kitchen and dining zone, as well as a sunroom to relax.
Maidstone is an inner suburb of Melbourne, 8km northwest of the CBD.
Tate Moore, Elise Nemer and Amanda Draper of Jas Stephens Real Estate are handling the property campaign.
Brisbane
In Queensland’s capital, 94 Boxgrove Avenue in Wynnum is on the market for $899,000-plus.
The three-bedroom, one-bathroom abode is described on the listing as a “great starter home” on a “low-maintenance block”.
Kate Roeth and Kyle Woodbine of Ray White Wynnum/Manly are handling the property campaign.
The three-bedroom, one-bathroom home at 50 Cobar Street is in the eastern bayside suburb of Lota.
Agent Scott Kelleher of Harcourts Property Centre Wynnum/Manly is seeing offers of more than $850,000.
The property is described on the listing as an “immaculate cottage in a quiet seaside location”.
At 396 Cliveden Avenue in Corinda, the five-bedroom, two-bathroom home has a price guide of $860,000.
Kris Matthews of Harcourts Property Partners suggests the home is the “perfect place to establish you and your family for the long term”.
The property overlooks the golf course.
Adelaide
The two-bedroom, one-bathroom home at 32 Hocking Street, Brompton, has a price guide of $629,000.
The property is a contemporary take on an original worker’s cottage.
Mark Conway of Fox Real Estate suggests on the listing that the abode could be a forever home or an investment.
This Collinswood property is listed for $830,000 to $880,000.
The three-bedroom, one-bathroom home is an art deco townhouse that’s “ready for you to simply unpack and enjoy”, as suggested on the listing.
Graeme Brown and Bligh Tressider of Boffo Real Estate are handling the property campaign.
The townhouse is close to cafes and restaurants.
The two-bedroom, two-bathroom home at 46B Chapel Street in Norwood is listed for $880,000.
Rachel Lawrie of Ray White North Adelaide suggests on the listing that the townhouse is suited to a buyer “seeking a low-maintenance lifestyle with all the modern comforts”.
Norwood is a vibrant locale with boutiques, bookstores and restaurants.
Canberra
In the nation’s capital, the five-bedroom, two-bathroom Gilmore home is listed for $925,000-plus.
The property is on a corner block and is described as a “contemporary design” with the “ultimate functionality” on the listing.
Aaron Papahatzis and Chris Hetherington of Belle Property Canberra are handling the property campaign.
Number 11/5 Nevertire Street in Lawson has a price guide of $720,000-plus.
Lawson is a contemporary town in the heart of Canberra’s Belconnen district.
Sohail Awan of Archer Canberra is handling the property campaign.
Awan suggests on the listing that the home is all about “modern comfort” that “blends stylish design, practical functionality and luxurious comfort”.
At 8 Grigson Place in Macgregor, the three-bedroom, one-bathroom home is listed for $775,000-plus.
The single-level property is located in a quiet cul-de-sac and has what the agents describe on the listing as a “considered layout”.
Tom Wiggins and Sarah Turnbull of Hive Property are the listing agents.
Perth
The three-bedroom, two-bathroom home at 8 McCormack Street in Armadale is listed for $599,000-plus.
Armadale is 30km southeast of the CBD.
The property is described on the listing as a “well-appointed family home” with a “practical floorplan”.
Kenric Lim and Vicky Zhou of Realth Property Group are handling the property campaign.
The three-bedroom, one-bathroom property at 58A Owtram Road, which is also in Armadale, has a surprise in the backyard.
A huge chess set will be a conversation starter with guests and make entertaining a breeze.
The home has a price guide of $489,000-plus.
Ashton Dekker and Ash Swarts of O’Neil Real Estate are the listing agents.
At 108 Ashmore Avenue, Two Rocks, the four-bedroom, two-bathroom home has entertaining at the forefront.
The property has a heated pool and spa, along with a theatre and alfresco zone.
Angela Moore of Perth Lifestyle Residential is accepting offers of more than $739,000.
Hobart
The three-bedroom, one-bathroom home at 1 Carnegie Street in Claremont has a price guide of $480,000-plus.
The property is marketed towards first-home buyers and is described as a “maintained and much-loved home” on the listing.
Donna Wooley of Homelands Property is handling the property campaign.
At 2/51 Tregear Street in Moonah, the three-bedroom, three-bathroom home is newly constructed.
Leanne Kelly and Sam Johnston of Raine & Horne Northern Suburbs are accepting offers of more than $595,000.
The property is in proximity to restaurants, shops and transport.
The four-bedroom, one-bathroom home at 2/39 Morrisby Road, Old Beach, is marketed towards families and couples.
Tay Smook of Elders Real Estate Hobart suggests on the listing that a “peaceful and convenient lifestyle awaits”.
Smook is accepting offers of more than $545,000.
Darwin
The three-bedroom, two-bathroom home at 13 Macadum Place, Gunn, is listed for $479,000.
The property is described as a “tranquil retreat” on the listing with a yard, pool and other entertainment areas.
Kylie Lynch of Approved Real Estate is handling the property campaign.
At 6 Clifton Court, Anula, the three-bedroom, one-bathroom home has a price guide of $533,000.
The property has had a fresh lick of paint and is located in a quiet cul-de-sac.
Darren Hunt of Real Estate Central Projects is the listing agent.
The four-bedroom, two-bathroom home at 78 Shearwater Drive, Bakewell, is listed for $579,000-plus.
As stated on the listing, the property has had an upgrade in the form of new carpet and curtains.
There is an open-plan living zone and a pool to entertain.
Maria Kathopoulis of Absolute Real Estate NT is handling the property campaign.
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