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Australia’s cheapest suburbs for first-time homebuyers and investors

By MoneyQuest
In First Home Buyer, Home Loans, Investment

Breaking into the property market has just become easier with this ground breaking report highlighting the suburbs with the lowest medians across the country.

The following report showcases the suburbs with medians of no more than $134k.

While some of these areas are small towns, many are located close to large regional centres such as Woree which is located directly south of Cairns.

Surprisingly, even high-population areas and economically diverse regional towns such as Broken Hill, Bathurst, Orange and Armidale still offer amazingly low entry price points for buyers with houses going for as low as $80k for a one-bedder in Broken Hill.

When chosen carefully, properties in these areas could be just your ticket to building a solid portfolio to retire on.

Rank Suburb State Dwelling Type Bedrooms Median Listing Price
1 CHINDERAH NSW House 1 $35,500
2 WOREE QLD Unit Studio & 1 $60,000
3 RAINBOW VIC House 3 $72,500
4 MURTOA VIC House 2 $75,000
5 EDMONTON QLD Unit Studio & 1 $75,000
6 KINGSCLIFF NSW House 1 $76,000
7 QUEENSTOWN TAS House 2 $79,000
8 ROSEBERY TAS House 2 $79,500
9 BROKEN HILL NSW House 1 $80,000
10 CABOOLTURE QLD Unit Studio & 1 $85,000
11 ARMIDALE NSW Unit Studio & 1 $85,000
12 WONTHAGGI VIC Unit Studio & 1 $89,500
13 WARREN NSW House 2 $90,000
14 TRARALGON VIC Unit Studio & 1 $90,000
15 ROSEBUD VIC House 1 $90,000
16 JEPARIT VIC House 3 $90,000
17 HUGHENDEN QLD House 2 $92,500
18 BATHURST NSW Unit Studio & 1 $94,000
19 ST ARNAUD VIC House 2 $95,000
20 WARRACKNABEAL VIC House 2 $95,000
21 MANOORA QLD Unit Studio & 1 $97,000
22 PETERBOROUGH SA House 2 $98,000
23 ORANGE NSW Unit Studio & 1 $98,000
24 EAGLEBY QLD Unit Studio & 1 $98,000
25 HARRISTOWN QLD Unit Studio & 1 $99,000
26 MANUNDA QLD Unit Studio & 1 $99,000
27 MAGNETIC ISLAND QLD Unit Studio & 1 $99,000
28 WYNNUM WEST QLD Unit Studio & 1 $99,000
29 QUEENSTOWN TAS House 3 $100,000
30 ROSEBERY TAS House 3 $100,000
31 NORSEMAN WA House 3 $105,000
32 BROKEN HILL NSW House 2 $105,000
33 PETERBOROUGH SA House 3 $107,000
34 MINYIP VIC House 3 $107,000
35 URANGAN QLD Unit Studio & 1 $107,000
36 BEACHMERE QLD Unit Studio & 1 $107,500
37 TRARALGON VIC House 1 $108,000
38 TINTINARA SA House 3 $108,000
39 DIMBOOLA VIC House 3 $110,000
40 DIRRANBANDI QLD House 3 $110,000
41 COONAMBLE NSW House 2 $110,000
42 KERANG VIC Unit 2 $110,000
43 OUSE TAS House 3 $110,000
44 NHILL VIC House 3 $111,000
45 WIRRINA COVE SA Unit Studio & 1 $111,000
46 WESTCOURT QLD Unit Studio & 1 $111,000
47 ANDAMOOKA SA House 1 $112,500
48 BENTLEIGH VIC Unit Studio & 1 $113,000
49 NEWNHAM TAS Unit Studio & 1 $115,000
50 PORT PIRIE SA Unit 3 $115,000
51 QUEENSTOWN TAS House 4 $115,000
52 RED CLIFFS VIC House 2 $115,000
53 MENINDEE NSW House 3 $117,500
54 MULLEWA WA House 3 $118,000
55 NANGWARRY SA House 3 $119,000
56 AYR QLD Unit Studio & 1 $119,000
57 BURNIE TAS Unit Studio & 1 $119,000
58 CONDOBOLIN NSW House 2 $119,000
59 EDGE HILL QLD Unit Studio & 1 $119,000
60 WELLINGTON NSW House 2 $119,000
61 TAREE NSW House 1 $119,000
62 TAREE NSW Unit Studio & 1 $120,000
63 WARREN NSW House 3 $120,000
64 PYRAMID HILL VIC House 3 $120,000
65 KOORALBYN QLD Unit Studio & 1 $120,000
66 OUYEN VIC House 3 $120,500
67 DOOKIE VIC House 3 $122,500
68 FISHERMAN BAY SA House 3 $122,500
69 FINLEY NSW House 2 $125,000
70 ENFIELD SA Unit Studio & 1 $125,000
71 DENILIQUIN NSW Unit 2 $125,000
72 DARETON NSW House 3 $125,000
73 DARTMOUTH VIC House 3 $125,000
74 BUNGALOW QLD Unit Studio & 1 $125,000
75 BATHURST NSW House 1 $125,000
76 JINDABYNE NSW Unit Studio & 1 $125,000
77 HOPE ISLAND QLD Unit Studio & 1 $125,000
78 MAYDENA TAS House 2 $125,000
79 MOE VIC Unit 2 $125,000
80 WARRACKNABEAL VIC House 3 $125,000
81 ZEEHAN TAS House 3 $126,500
82 ARTHURS LAKE TAS House 2 $127,000
83 PARK RIDGE QLD Unit Studio & 1 $128,000
84 MURTOA VIC House 3 $129,000
85 DARLINGTON POINT NSW House 3 $129,000
86 COHUNA VIC House 2 $130,000
87 CHINDERAH NSW House 2 $130,000
88 GLEN INNES NSW House 1 $130,000
89 GLEN INNES NSW Unit 2 $130,000
90 MORWELL VIC House 2 $130,000
91 RUBYVALE QLD House 1 $130,000
92 MIAMI QLD Unit Studio & 1 $130,000
93 MILDURA VIC Unit 2 $130,000
94 HOLLOWAYS BEACH QLD Unit Studio & 1 $130,000
95 ARIAH PARK NSW House 3 $132,000
96 COLEAMBALLY NSW House 3 $132,500
97 KOORALBYN QLD House 1 $132,500
98 TAMMIN WA House 3 $132,500
99 SKIPTON VIC House 2 $132,500
100 DOLPHIN HEADS QLD Unit Studio & 1 $134,000

To discuss this article or anything to do with your finances, please call our office today and we will be happy to assist you.

MoneyQuest
If you’re looking for a loan expert, you need to find someone you can rely on. Someone with experience and integrity. Someone who has your best interests at heart.

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