If your bank account is looking decidedly bare, and you’re wondering if you’ll ever be able to afford your own little slice of the Great Australian Dream, don’t despair. We’ve found the best bargain properties currently up for grabs around the country – perhaps one of these could be your first step onto the property ladder?
Davoren Park, SA – $129,000
This Rowe Street property is on the market for almost $60,000 less than the median house price in Davoren Park. It is sure to be on the radar of first-time buyers and investors, boasting three bedrooms and a spacious backyard. Currently being rented out for $190 per week, it would make a fantastic addition to any investment portfolio, or an affordable entry into the market for a young family willing to put a little effort into improving it.
West Perth, WA – $197,500
This two-bedroom apartment is not only a bargain, but priced at just $197,500, it’s also a potential investment goldmine! You could live in it, or rent it out on Airbnb and make a bucketload of cash. It’s in a secure building complete with pool, spa and gym, and is close to the CBD and Watertown too. What’s not to love?!
Melbourne, Victoria – $229,000
In the low-$200k price range in the Melbourne CBD, your search would usually be limited to tiny studio apartments where you could do the washing up from your bed – but not in this case. These cleverly designed one-bedroom properties on Franklin Street will see you living right in the heart of the action, without feeling like you’ve cramped all your worldly goods into a glorified cupboard. The bedroom and bathroom are hidden behind a sliding screen door, so although they’re technically a studio, they give the impression of a true one-bedder. They’re also fully furnished and environmentally sustainable – bonus!
Dallas, Victoria – $349,000
A three-bedroom house, just 18 kilometres from the Melbourne CBD, for less than $350,000? No, you’re not hallucinating! This Pyalong Crescent home is on the market for just $349,000, and boasts air conditioning and heating, as well as close proximity to shops and public transport. It could do with a little facelift to bring it into 2018, but with all the cash you’re saving off the $480,000 median house price in Dallas, you can afford to splurge a little on improvements.
Ningi, Queensland – $320,000
Just two years old, this Sundew Street home in sunny Ningi is the perfect first home for a young Queensland family. It has three bedrooms, sparkling kitchen and bathroom, and a garage, and is located within the lovely Sandstone Lakes Estate. The median house price in this Moreton Bay suburb is $412,000, making this property exceptional value for money.
Cranebrook, NSW – $469,000
Cranebrook isn’t expensive by Sydney standards – the median house price here is just $671,000. But this Vincent Road property is an unbelievable bargain! It has three bedrooms and a price tag of just $469,000, air conditioning and a lock-up garage. It has loads of rental potential, making it an ideal first property for an investor just beginning their portfolio, with no need to spend up big on renovations or improvements as it’s been beautifully maintained.
Sandy Bay, Tasmania – $635,000
The median house price in Sandy Bay, one of Hobart’s high-end suburbs, is a huge $915,000, but this Alexander Street home won’t set you back anywhere near that amount. Taking offers over $635,000, this three-bedroom property is ideal for owner-occupiers and investors alike, thanks to the location close to the University of Tasmania and the huge rear yard. It’s sure to be snapped up quickly, so be sure to get in touch with the agent ASAP if you’re interested.