WITH THE RISING COST OF REAL ESTATE, YOU COULD BE FORGIVEN FOR THINKING THAT HOME OWNERSHIP FOR LESS THAN $300,000 IS IMPOSSIBLE. WELL, I’M HAPPY TO TELL YOU CAN STILL NAB A BARGAIN.

MILDURA, VICTORIA

While the median house price is higher than $300,000, you can still find houses in the heart of Mildura for less. We found a four-bedroom house on a 900sqm block for $297,000. With rental vacancy rates at less than 1%, this is a top spot for those looking to invest.

• Median House Price $425,000
• Median Unit Price $280,000
• Median House Rent $450 per week
• Median Unit Rent $300 per week

BROKEN HILL, NEW SOUTH WALES

Broken Hill is a historic mining town in located in far west of NSW. You can buy a house here for around $210,000 with a weekly rental yield of $310 per week or 7.67%. Mining is central to Broken Hill’s economy, but it’s diversified over the years, with tourism becoming a significant sector.

• Median House Price $210,000
• Median Unit Price $165,000
• Median House Rent $310 per week
• Median Unit Rent $225 per week

ROCKHAMPTON, QUEENSLAND

Rockhampton, located half way between Brisbane and Cairns, is well-known for agriculture, mining and tourism. Houses can be found for under $300,000 however, units go for considerably more.

• Median House Price $400,000
• Median Unit Price $475,000
• Median House Rent $420 per week
• Median Unit Rent $475 per week

LAUNCESTON, TASMANIA

Launceston has seen significant growth and increases to median house prices over the years. We suggest looking now before the rise continues.

The suburbs of Newnham and Mayfield in the Greater Launceston area have a median house price of $299,000.

• Median House Price $299,000
• Median Unit Price $250,000
• Median House Rent $430 per week
• Median Unit Rent $380 per week

WHYALLA STUART, SOUTH AUSTRALIA

Whyalla Stuart is a suburb in the west of the township of Whyalla, which is 4 hours northwest of Adelaide. Buying a house will set you back around $215,000, and with strong rental yields greater than 7%, continued growth in Whyalla’s industrial sector and infrastructure improvements, makes this little town an attractive option for investors and owner occupiers.

• Median House Price $215,000
• Median Unit Price $165,000
• Median House Rent $300 per week
• Median Unit Rent $260 per week

The information in this article is for educational purposes only and is not intended to be taken as financial advice.