With house prices skyrocketing across Australia’s major cities, more people are struggling when it comes to purchasing a home.
But five towns across the country’s east coast have emerged as affordable alternatives, with the median house price in some as little as $350,000, News.com.au reports.
However, it will mean swapping the rat race for a quieter life in places situated up to 200 kilometres away from the nearest hub.
Five towns across the country’s east coast have emerged as affordable alternatives to the skyrocketing housing prices of the city, with the average cost in some as little as $350,000 (Pictured is a home in Geelong going for one thousand less than the median of $500,000)
Although the Greater Geelong area is 75 kilometres and an hour long trade ride from Victoria’s capital, it offers a median house price of $500,000 (Pictured is a Newtown home on sale for $499,000)
Newcastle, 160km north of Sydney, is one such area many people are choosing to set up in, given its proximity to the city and stunning coastline.
While beachfront homes there can set buyers back close to $1million, places closer to the nearby Hunter Valley region tend to boast more modest abodes around the $400,000 mark.
Moving further north, the shining strip between the Gold Coast and Northern New South Wales offers an equally appealing spot to put down roots.
With a growing population pushing 570,000, the median property price is slightly higher than other areas, with the average price listed as $600,000.
The lower prices often mean swapping the rat race for a quieter life hundreds of kilometres, but does not mean people need to give up style or comfort, such as with this $460,000 home near Newcastle, NSW
While beachfront homes in the seaside town of Newcastle can set buyers back close to $1million, areas closer to the nearby Hunter Valley region boast more modest abodes around the $400,000 mark (Pictured is a $460,000 home in Macquarie Hills)
Inland, those located at Orange, 200km from Sydney, can hop back to the big city in about three-and-a-half hours.
With a population of just 38,000 it provides the perfect community atmosphere, with homes there setting you back around $364,000.
Similarly, Australia’s second largest inland city, Toowoomba, located 130km west of Brisbane, has been touted as a great place for families to settle.
Moving further north, the shining strip between the Gold Coast and Northern New South Wales offers an equally appealing spot to put down roots, such as at this Newtown home valued at $335,000
With a growing population pushing 570,000, the median property price is slightly higher than other areas, with the average price listed as $600,000 (Pictured is a Robina, QLD home on offer for $579,000)
The boom town boasts a community atmosphere, it’s own airport and a low rate of unemployment, in addition to an incredible $350,000 average property price.
While for those wanting to stick close to Melbourne’s beloved arts and entertainment, the Greater Geelong area serves as an economical option.
Just 75 kilometres and an hour long trade ride from Victoria’s capital, it offers a median house price of $500,000.
Inland, those located at Orange, 200km from Sydney, can hop back to the big city in about three-and-a-half hours with average houses costing as little as $364,000 (Pictured is a home in the area valued at $379,000)