What $600,000 could buy you in regional Australia right now

Written by realestateview.com.au in Real Estate on July 7, 2021

By Jack Needham – This article was first published in The Canberra Times

Located in the heart of Launceston and with sweeping upstairs views to the surrounding landscape, this three-bedroom Victorian terrace dates back to 1897.

Listing agent Andrea Bonner of One Agency said that the property stood out for its beautiful architecture and history but also its proximity to the “Paris end” café and restaurant strip.

She said interest had come from a mix of local and interstate buyers.

“A lot of interstate people look at it and say ‘We cannot buy something that’s a Victorian terrace in a city for this amount of money.'”

43 Balfour Street is listed for sale for offers above $560,000.

Family home or practical office – the choice is yours with this delightful Bendigo listing, which boasts period features such as high ceilings and leadlight windows.

Built around 1870 as a commercial building, with historical tenants including a butcher and cellarman, it has most recently been used as a psychiatrist’s office.

Listing agent Steve Tonkin of Barry Plant said that the property would be a prime candidate for a residential extension project, subject to council approval, with current zoning allowing for residential and commercial use.

“A new owner can certainly put a big double-storey extension and make it a magnificent house,” he said.

It’s on the market with a guide of $580,000 – $620,000.

Wake up to a stunning water view in this well-positioned two-bedroom apartment in Narooma, on the NSW south coast.

Set in a complex of 11, and just a short walk to the local supermarkets, the property, which is currently tenanted, would make an ideal weekender or permanent residence, according to listing agent Ben Bate of Ben Bate Real Estate.

“We’re seeing [interest from] Sydneysiders, as well as Canberra and inland rural buyers buying in the area, people who are looking for a coastal getaway,” Mr Bate said.

He said that the combination of “lovely views, a low maintenance setup and close proximity to shops,” was driving interest.

It’s on the market with an asking price of $485,000.

This restored weatherboard cottage in central Mudgee hits all the right notes for a buyer seeking a weekender or Airbnb investment.

A cute exterior gives way to a renovated interior, including a modern bathroom and striking black feature walls.

Featuring an open fireplace, high ceilings and east-facing sunroom, it offers relaxed country living just minutes from all the amenities Mudgee has to offer.

“A lot of our enquiry has been from Sydney base with a little bit of local,” listing agent David Goldring of The Property Shop said.

He added that many prospective buyers had indicated that they would like to use the property for both Airbnb-style letting as well a personal ‘weekender’ use.

“That way they get to generate an income while also getting to enjoy Mudgee for themselves,” he said.

The property is listed for auction with a price guide in the vicinity of $550,000.