What you can buy around the world for the price of an inner-city Sydney studio

Buying in Sydney’s CBD generally means paying a lot of money for a little bit of space. The median price for a studio apartment in the Sydney 2000 postcode is $730,000, according to Domain Group data over a six-month period.

That’s quite pricey, especially considering if you payed $110,000 more you could buy an average home in Melbourne.  Which got us thinking, why stay cooped up in inner-city Sydney when you could live a bit further out with a garden or perhaps just move to Europe and buy a castle?

Here’s what $730,000 will get you around the world.

A four-bedroom home with a pool in South Western Sydney

142 Campbellfield Avenue, Bradbury, is about 3 kilometres from Campbelltown station. It’s advertised at $640,000 to $680,000.

Minno and C-Town also provide some house-and-yard options at the CBD median studio price point. 142 Campbellfield Avenue Bradbury is one prospect, with four bedrooms, under house storage and a swimming pool. It’s advertised at $640,000 to $680,000 and is a 10 minute drive from Campbelltown station – and an hour-long train ride to the Sydney CBD.

A gothic mansion in the US

Chetstone in New Haven, Connecticut. Photo: Sotheby’s International

For $US525,000 ($714,000) you can pick up this Victorian Gothic Mansion in Connecticut in the USA, built in 1876. 

An island in Alaska

1925 E Palmer Wasilla Hwy, Wasilla, Alaska, is for sale for $US500,000. Photo: Zillow

Related Articles

• Australians expect housing affordability to deteriorate further by 2027
• Australia's first flat-packed, off-grid home could help solve housing affordability problem
• Federal budget 2017: Five housing changes to know about

This private island in the middle of a lake in Alaska is on the market for $US500,000 ($679,800) with a mostly-finished home and guest cabin on it. 

A ranch in New Mexico

817 B Anaya Rd, Stanley, New Mexico, is for sale for $US549,000.

For $US549,000 ($746,4000) you can buy a horse ranch in New Mexico, with “a barn you’re going to want to see” and high speed internet which is probably faster than what you’d get on the NBN.

A home in a Californian forest

21517 Hemlock Ln, Fort Bragg, California, is for sale for $US539,000.

This custom-build home with floor-to-ceiling windows is surrounded by Californian redwoods – and up for sale for $US539,000 ($732,834).

A French castle

Saint Agreve, Ardeche, Rhone-Alpes. Photo: Prestige Property Group

This 11-bedroom stone castle in the south-east of France, set on eight hectares, is on the market through Prestige Property Group for €495,000 ($732,900). 

A villa in Greece

Nazarene Bay, Lindos Heavenly Views, Rhodes, Greece.  Photo: Sotheby’s International

This four-bedroom Greek villa is five- minute drive to the town of Lindos on the island of Rhodes, or 15 minutes drive to the beach. It’s on the market for €490.000 ($725,000).

A stone fortress in the Czech Republic

A stone fortress in the Czech Republic: Supplied.

Located in Central Bohemia, this fortress – built sometime before 1440 – comes with a 17 metre high tower and a price tag of €400 000 ($592,257).

Oceanfront home in the Bahamas

Sea View, Lubbers Quarters, Abaco Photo: Sotheby’s International

Ever thought about the Bahamas? This 609-square-metre home overlooks the Abaco Sea. With that view, you might be able to stretch your price limit – it’s on the market for $803,000.