Australia’s housing market can incredibly difficult to break in to, but there are very cheap options to be found right across the country if you look hard enough.
In January it was reported that the nation’s median house price hit $809,349 – an increase of 4.2 per cent from late 2019 – but the following properties can all be had for less than $100,000.
NEW SOUTH WALES
Just $88,000 will get you this two-bedroom cabin in Howlong, near the New South Wales-Victorian border.
Lucinda Morgan, selling agent from Leading Property Group, told Daily Mail Australia the house at 66/5189 Riverina Highway has generated a lot of interest.
It comes with a pool, tennis court and sits on the banks of the Murray River, making it a dream house for anyone who enjoys boating or fishing.
Just $88,000 will get you this two-bedder with a pool and tennis court on the banks of the Murray River near the NSW-Victorian border
Lucinda Morgan, selling agent from Leading Property Group, told Daily Mail Australia the cabin has generated a lot of interest
‘It’s like having a holiday every day. It has all the facilities to live there as a permanent resident or rent it out,’ she said.
‘There is an on-site manager to take care of the facilities so you don’t have to scrub the pool yourself.’
She said council rates don’t need to be paid but there is a slight fee in order to maintain the site.
Ms Morgan also said no work needs to be done to the property as it is in ‘fantastic condition’.
SOUTH AUSTRALIA
It’s got a three-bedroom house situated on a 1,000-square-metre block of land less than a two-hour drive north-east of Adelaide, but this $92,500 property in Wongulla comes with a bit of a catch.
The listing for 641 Cliff View Drive states that the property is ripe to ‘renovate or detonate’.
The 1970s timber-framed house comes with a large shed but the property is in need of a lot of work – with new paint on the interior and exterior just the tip of the iceberg.
It’s less than a two-hour drive north-east of Adelaide, sits on a square kilometre of land and has a price tag of just $92,500, but this Wongulla property comes with a catch
The advertisement states: ‘The house does need a new hot water system, the plumbing would need checking and fixing, the rainwater tank needs replacing and there is a small hole/leak to the lounge ceiling which needs repair’
The advertisement states: ‘The house does need a new hot water system, the plumbing would need checking and fixing, the rainwater tank needs replacing and there is a small hole/leak to the lounge ceiling which needs repair.’
However it emphasises the effort put into the transportable home could make it ‘lovely’.
The property has a laundry and an open-space living plan.
TASMANIA
This home, located on Peters Street, Queenstown, near the state’s west coast, will set you back just $57,000.
The two-storey property has four bedrooms and sits on a 644-square-metre lot – giving the new owner enough room to create a vegetable garden.
Just $57,000 and you can move into this four-bedroom home near Tasmania’s scenic west coast
However some of the decor appears outdated with lots of wood-panelling, old-fashioned carpeting and wallpaper
It is also situated near the local primary school, making it ideal for families with children.
However, some of the decor appears outdated with lots of wood-panelling, old-fashioned carpeting and wallpaper.
NORTHERN TERRITORY
It’s got access to a pool, barbecue area, it’s relatively modern and it’ll cost you just $69,500 – there’s a lot to like about this resort-style property on Gregory Street, Parap, outside Darwin.
You can snap up this resort-style unit with access to a pool for just $69,500
The apartment is located on the first level of the block and features split system air-conditioning and an ensuite
If the buyer wants to use it as an property they should expect it to fetch between $200 and $220 a week in rent.
The apartment is located on the first level of the block and features split system air-conditioning and an ensuite.
It comes with tea and coffee facilities, a toaster, LCD television and a bar fridge.
Kerri-Anne Laurence, selling agent from North Property, told Daily Mail Australia: ‘The rooms are very small, there is no kitchen or kitchenette but there is great decking and outdoor area.’
She also said the property is in a great location across from the shopping centre and a short trip into Darwin’s city centre.
Ms Laurence said there have been several queries regarding the property.
VICTORIA
The old cliche ‘renovator’s dream’ applies to this home on Victoria Street in Pyramid Hill, 234 kilometres north of Melbourne
The two-bedder is in the middle of being fixed up and will cost $87,000.
‘The home has cladding in good condition on the outside, has been completely re-wired inside, along with new plaster throughout the lounge room and kitchen,’ the listing states.
This property on Victoria Street, Pyramid Hill, 234 kilometres north of Melbourne, has a price tag of $87,000
The inside of the two-bedroom property is in the middle of being renovated
Tanya Harvery, from Nutrien Harcourts, told Domain the property needs a new kitchen, bathroom and toilet.
However, the house has already been completely rewired and there’s new plaster in the lounge room and kitchen.
‘This is a great opportunity for those wanting to test the waters of renovating – you can have some fun and be creative,’ she said.
QUEENSLAND
How does $99,000 for a two-bedroom townhouse in the tropics sound?
This property on Boyes Court in Heatley, Townsville, has a ‘spacious lounge area that has tiled flooring which is perfect for easy maintenance’.
It also boasts a large shower and built-in wardrobes.
‘It’s a solid investment for the price. We’ve had constant interest over the past two weeks, mainly from investors,’ listing agent Aaron Moon from Century 21 told Domain.
This property on Boyes Court in Heatley, Townsville, has a price tag of $99,000
The two-bedroom townhouse has a ‘spacious lounge area that has tiled flooring which is perfect for easy maintenance’
WESTERN AUSTRALIA
As the price tag of at least $35,000 suggests, this fixer-upper in Jeremy Street, Shackleton, east of Perth, needs a lot of work.
The seller is unable to do clean-up or work on the property, but the electrical requirements will be taken care of for the new owner and a smoke alarm will be installed.
It sits on a 1012-square-metre lot and features two bedrooms, a rear sunroom and laundry, as well as a combined kitchen and dining area.
The homein Jeremy Street, Shackleton, 210km east of Perth, has a price tag of at least $35,000
As the incredibly low price tag suggests, the home needs a lot of work
It was built in the 1930s.
Elders agent Will Morris told Domain: ‘It’s got some challenges – it’s a bit unloved – but it’s a great opportunity for someone to buy a cheap property and improve it.’
Mr Morris said he had interest in the property within two days of it being listed.