What Melbourne's median house price could buy you around the world
Have you ever thought about throwing it all in, selling up and moving overseas?
With property prices soaring in Melbourne, no one could blame you. It’s a tough market out there and it ain’t getting any easier in the short term.
Casting an eye eagerly across the seas in search of a cheaper place to call home is tempting.
And it’s sad but true that you could buy a sprawling French farmhouse estate for significantly less than the price of a tiny, crumbling cottage in the inner suburbs.
With Melbourne’s median house price sitting at $865,712, we took a quick whip around the globe to find out what else that could buy…
Manhattan, New York, United States
220 Madison Avenue, New York Photo: Stribling
What: A one-bedroom, one-bathroom apartment
Price: $US685,000 – $859,473
A place to rest your head on Madison Avenue certainly doesn’t come cheap. But the deal is certainly sweetened by large windows, a roof deck overlooking the Empire State Building and a 24-hour doorman.
Midi-Pyrenees, southern France
Beaumont-de-Lomagne, Midi-Pyrenees, France Photo: Lonagne-Immobilier
What: A five-bedroom farmhouse
Price: €575,000 – $863,473 AUD
Bonjour! This idyllic farmhouse is all about old charm and modern comfort. The house is set on 3.8 hectares of land, mature gardens and colourful flowers. There’s also a separate guest apartment.
Minato, Tokyo, Japan
501 Grand Maison Shirokane, Minato Photo: Asian Property Inc
What: A two-bedroom, one-bathroom apartment
Price: ¥76,800,000 – $862,586
The central wards of the Japanese capital can come with hefty price tags. This stylish apartment is spacious and features a little courtyard area. It’s also just a four-minute walk to the nearest train station.
Faro, Algarve, Portugal
Carvoeiro Carvoeiro, Algarve, Portugal Photo: EDL real estate
What: A three-bedroom, two-bathroom villa
Price: €580,000 – $868,550 AUD
A holiday all year round. Cool off in the pool on one of several terraces, or take a short 900 metre stroll to the beach. This Moroccan-inspired residence is colourful, vibrant and luxurious. Check out the bathroom’s spa bath and kitchen’s stunning tiles.
Cleckheaton, West Yorkshire, United Kingdom
Drub Lane, Cleckheaton, West Yorkshire Photo: Reeds Rains
What: A five-bedroom family home
Price: £500,000+ – $849,250
Escape to the English countryside and enjoy all the tea and scones you could ever dream of. This big family home is set within peaceful private gardens. There’s also a private sun terrace and conservatory. If you were to miss the big smoke, it’s not too far from Leeds.
Dainfern, Gauteng, South Africa
Dainfern, Gauteng, South Africa Photo: Century 21
What: A four-bedroom, three-bathroom mansion
Price: 8,900,000 ZAR – $838,971
There’s room for three vehicles in the garages if you’re into collecting cars. There’s also a bar, a snooker room, walk-in wardrobes, a double-sided fireplace, a pool and staff quarters (if you plan on hiring).
Kapiti Coast, New Zealand
What: A four-bedroom, two-bathroom lakehouse
Price: $NZ945,000 – $862,879 AUD
Why not live by a lake and the sea? This property makes the most of its stunning surrounds with seamless indoor/outdoor transitions. The Kapiti Coast is just a short drive north of Wellington on New Zealand’s north island.
Dubai, United Arab Emirates
What: A three-bedroom, three-bathroom townhouse
Price: 2,450,000 AED – $835,454
There’s a private pool, three bedrooms and an open-plan entertaining area. In a city known for its ultra-modern architecture and ridiculously high skyscrapers, this complex has gone back to basics.
Montgomery, Texas, United States
78 Creekwood Montgomery, Texas Photo: Mariner Realty
What: A four-bedroom, four-bathroom lake house
Price: $US690,000 – $864,087 AUD
If you’re looking for somewhere to park that boat of yours, this is the place. The jet ski lift and dock really complete this enormous lakeside home.
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