The tropical Queensland Whitsunday has coastal units available for under $ 80,000, while the cheapest towns in Australia have homes for just $ 60,000.
Real estate data group CoreLogic has revealed regional areas where it’s possible to buy a home for less than the price of a new four-wheel drive vehicle, and some of these are in surprisingly nice areas nearby. of idyllic beaches.
As for apartments, Laguna Quays, near Hamilton Island, in the Whitsunday area of northern Queensland, has Australia’s cheapest median unit price of $ 76,123.
For this price, it is possible to buy an apartment near a resort and a golf course.
Australia’s cheapest cities have median house prices under $ 60,000, while Queensland’s tropical Whitsunday offers homes for just $ 80,000. Pictured is a vacation unit at Dolphins Heads in Mackay selling for just $ 60,000
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As for apartments, Laguna Quays, near Hamilton Island, in the Whitsunday area of northern Queensland, has Australia’s cheapest median unit price of $ 76,123. In the photo, a two-bedroom unit sells for $ 80,000
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Near Dolphin Heads in the northern suburb of Mackay, the second median apartment price in Australia is $ 93,996.
A one-bedroom vacation unit is on sale for just $ 60,000, but it’s only available for seasonal rental and not as a permanent place to live.
Tropical far Queensland is particularly affordable for those who want to shop near the beach with Woree in Cairns having a median unit price of just $ 139,698.
For those looking for a bargain inland and a backyard, the town of Norseman, on the edge of the Nullarbor Plain, 700 miles east of Perth, had the median price for housing in November. the cheapest in Australia, at $ 58,582.
For those looking for a good deal and a backyard, the town of Norseman on the edge of the Nullarbor Plain, 700 km east of Perth, had Australia’s cheapest median price in November, namely $ 58,582. In the photo, a three-bedroom house sells for $ 60,000
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Buyers wanting a backyard on the other side of the country might consider the town of Ungarie in mid-west New South Wales, which has Australia’s fourth-cheapest median housing price, or $ 65,847.
When it comes to cheap real estate, Western Australia topped the list of cities with ultra-affordable homes, taking seven of the top ten spots, with South Cross in the Wheat Belt ($ 61,186), the outback Three Springs ($ 65,514) and mining town of Kalgoorlie ($ 124,429) on the list.
Queensland pulled seven of the top ten spots for super cheap apartments, with the Darling Downs towns of Miles ($ 125,303) and Chinchilla ($ 130,583) on the list, as well as the liquefied natural gas town of Gladstone with awards medians of $ 136,000.
Regional areas are still cheap despite the ability of more Australians to work from home.
The town of Ungarie in west-central New South Wales, which has the fourth-cheapest median housing price in Australia at $ 65,847. In the photo, a one-bedroom house sells for $ 55,000
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CoreLogic’s head of research in Australia, Eliza Owen, said regions did a little better than major capitals in 2020.
“The relative popularity of the lifestyle markets is evident in our report, and regional Australia has outperformed the combined capital city market,” she said.
Regional house prices in November climbed at an annual rate of 5.7%, compared to 2.4% when house prices in capital cities were combined.
“This divergence in performance can be attributed to a combination of factors, including the new popularity of remote working, but also less of a demand shock in the Australian region caused by the border closures, and the relative accessibility of Australian regional housing, ”CoreLogic’s Best of the Best 2020 report said.
Western Australia had seven cities in Australia’s top ten most affordable homes
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Queensland was home to Australia’s seven most affordable places to buy an apartment
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