Are you dreaming of homeownership in Australia but discouraged by high prices? 2024 brings new opportunities to buy a home on a budget.
We’ve curated a list of the 10 most affordable homes across the country, from quaint rural towns to suburban gems, all priced under $100,000. Dive into our guide and discover how achievable buying a house in Australia can be this year.
And if some of these properties are no longer available, fret not, just add the suburb to your interested areas on Soho and get alerted when new listings come to market!
So here are the cheapest houses in Australia you can buy right now based on your budget.
- Houses Under $50,000
- 7 Glass St, Trayning, WA
- 1 Howard Street, Burrum Heads, QLD
- MC 72295, Rubyvale, QLD
- Houses Under $80,000
- 66/7-9 Holyrood Street, Maryborough, VIC
- 12 Railway Street, Goroke, VIC
- 17 – 19 Dee River Road, Wowan, QLD
- Lot 72 Thompson Court, Andamooka, SA
- Lot 691 Wogg Street, Andamooka, SA
- Houses Under $100,000
- WLL16165 Lightning Ridge, NSW
- Site K10 Lake Bonney Discovery Park, Barmera, SA
Additional reading: Check out Soho’s round up of 5 Homes Under 100k You Can Buy Right Now.
Cheapest houses in Australia under $50,000
1. $44,900 – 7 Glass St, Trayning, WA, 6488, Australia – Sold
Located in Trayning, WA, this budget-friendly property offers three comfortable bedrooms complemented by an additional sleep-out.
The residence boasts a single bathroom and also features a separate outdoor laundry and bathroom area for added convenience.
Outside, there’s a spacious 1012m² plot accompanied by a convenient carport. Utilities such as electricity and water are included.
Click here for more properties for sale in Trayning WA.
2. $49,000 – 1 Howard Street, Burrum Heads, QLD, 4659, Australia
This has got to be our favourite house on the list. It’s even a decent contender the cheapest house in the world.
Burrum Heads is a small coastal town and locality in the Fraser Coast Region, Queensland. It is about 20 minutes drive from Hervey Bay.
The town is situated on the Burrum River, which meets the Coral Sea. It is a popular tourist destination, known for its fishing, boating, and swimming. Keep this suburb in mind when you’re searching for houses for sale for under $150,000 near the beach.
This tranquil waterfront caravan park at Burrum Heads, just north of Hervey Bay on the Fraser Coast of Queensland, is an amazing place to call home.
Click here for more properties for sale in Burrum Heads QLD.
Lusting after coastal living? Check out our round up of the cheapest beach towns in Australia.
3. $45,000 – MC 72295, Rubyvale, QLD, 4702, Australia – Sold
We’ve got an amazing opportunity for miners at Middle Ridge in the Reward area. With two new recently added new shafts with raised concrete surrounds and lockable lids, as well as new ladders, one of which connects to an existing tunnel.
The claim also comes with a generator, jack hammers, and other equipment. Plus, there’s a liveable shed with storage and a carport for your convenience. Miners will delight in this equipped home to suit your needs.
Click here for more properties for sale in Gracemere QLD.
Cheapest houses in Australia under $80,000
4. $68,000 – 66/7-9 Holyrood Street, Maryborough, VIC
This property is a one-bedroom caravan situated within the Maryborough Caravan Park, offering a relaxed lifestyle within walking distance of all local amenities.
It features a kitchen equipped with a gas stove and ample cupboard space, an adjoining meals area, and a living room with a split system for heating and cooling.
The bedroom leads through to the bathroom/laundry and a separate toilet.
Additional features include a large undercover decked entertaining area that catches the morning sun, a two-car carport, and a garden shed. Please note that the buyer must be approved by the caravan park management.
5. $65,000 – 12 Railway Street, Goroke, VIC, 3412, Australia (sold)
Situated in the scenic township of Goroke, this 1214 sqm property presents a unique opportunity: will you renovate or redevelop?
Zoned for township use, it currently houses a 2-bedroom structure with a kitchen, living area, separate toilet and bathroom, and a spacious sunroom.
Additional amenities include a 6m x 10m carport and shed, complemented by five water tanks.
Explore more properties for sale in Goroke VIC.
6. $65,000 – 17 – 19 Dee River Road, Wowan, QLD, 4702, Australia (sold)
Here’s a golden opportunity for home buyers or renovators looking for a project at the right price. This property boasts a vast land area of over 4700 sqm, perfect for those with big dreams.
The house itself offers a spacious main bedroom, two additional rooms adaptable to your needs—perhaps a walk-in wardrobe or an office?
The heart of the home is the open-plan kitchen/dining area, equipped with three pantries and ample storage. The charm of this cottage lies in its heritage features, such as the original sash windows and VJ boards, evoking a nostalgic aura.
Explore more cheap real estate for sale in Wowan.
7. $62,000 – Lot 72 Thompson Court, Andamooka, SA, 5722, Australia
Seeking an affordable property in South Australia? Explore this 3-bedroom house, perfect for first home buyers or those thinking of investing.
Located on a spacious fenced block, each bedroom comes with built-in robes, with the main offering an ensuite. Enjoy the separate kitchen and cozy lounge/dining area.
If you’re looking for a tree-change, you can explore cheap country houses for sale in South Australia and check out these more affordable suburbs and towns.
Click here for more properties for sale in Andamooka SA.
8. $80,000 – Lot 691 Wogg Street, Andamooka, SA
This well-maintained house offers a practical and comfortable living space suitable for a family. It features four bedrooms and three bathrooms, providing ample space for both privacy and family gatherings.
The kitchen is functional with modern appliances and sufficient storage, opening up to a dining area that comfortably fits a large table.
Amenities include durable laminate flooring throughout high-traffic areas, an efficient central heating system, and double-glazed windows for improved insulation.
The backyard is modestly sized, easy to maintain, and includes a small patio area for outdoor dining. A two-car garage and a basic home security system also add to the practicality of this home. Perfect for those looking for a functional and straightforward residential solution.
Explore more properties for sale in Andamooka SA 5722.
Cheapest houses in Australia under $100,000
9. $85,000– WLL16165 Lightning Ridge, Lightning Ridge, NSW.
Lightning Ridge is a small outback town located in northwest New South Wales, Australia. It is known for its opal mining industry and its unique landscape, which is characterized by rolling hills, mesas, and red dunes.
Lightning Ridge is one of the most affordable places to live in Australia. The median house price in Lightning Ridge is currently around $55,000, which is significantly lower than the national median of $485,000.
This makes Lightning Ridge an attractive option for people who are looking for a cheap place to buy a home.
This house in Lightning Ridge features one bedroom, a spacious kitchen with a wood stove, and a large living room. Amenities include solar panels, a caravan, a bathroom with a full shower, built-in hallway cupboards, a lock-up garage with remote control, a double garage with storage, and a wood shed.
If you’re wondering where you can buy a home for $100k, you can keep Lightning Ridge NSW in your interested areas when you set up your match profile on Soho.
Click here for more properties for sale in Lightning Ridge, NSW.
10. $95,000– Site K10 Lake Bonney Discovery Park, Barmera, SA
The property for sale is a charming, retro-style caravan located in a holiday park. It features a self-contained kitchen, a shower, and toilet facilities, making it ideal for holiday stays or as a visitor’s retreat. The caravan is nestled within picturesque gardens, enhancing its appeal as a tranquil getaway spot.
This site allows for up to 60 nights of occupancy per year, offering a perfect blend of relaxation and recreation.
Click here for more properties for sale in Barmera SA 5345.
Conclusion:
The 2024 housing market in Australia presents incredible opportunities for budget-conscious buyers. From the tranquility of Tasmania to the bustling markets of New South Wales and Queensland, affordable homes are ready for you to make your mark.
How to find the cheapest houses in Australia
Finding Homes under $100,000 in NSW
While urban centers like Sydney offer limited options, regions such as Broken Hill and Wellington provide affordable homes that often fall below the $100,000 mark, offering a blend of country charm and community warmth.
Opportunities with Abandoned Properties
Abandoned properties in areas like Zeehan in Tasmania or Peterborough in South Australia offer investment opportunities at minimal costs. They are ripe for transformation and can yield significant value post-renovation.
Queensland’s Hidden Affordable Gems
The quest for affordability in Queensland leads to locales like Mount Morgan and Granville, where historic homes and potential investment properties are available without the hefty price tag of coastal cities.
Government Housing Sales as Affordable Avenues
Government housing sales in regions like Morwell and Moe in Victoria present viable options for budget-conscious buyers, with the potential for revamping properties into modern homes.
Affordable Properties in WA and VIC
Remote areas such as St Arnaud in Victoria and Dimboola in Western Australia offer properties under $50,000, catering to those looking for a rural lifestyle or seeking a renovation project.
Finding Cheap Homes in NSW
Charming old homes are nestled in towns like Goulburn and Maitland in NSW, where history is preserved in architecture, offering a unique living experience that modern homes cannot replicate.
Beyond the Sydney property bubble, towns like Forbes and Parkes offer some of the most affordable real estate, where community ties are strong and the potential for personalizing a property is vast.
Affordable coastal living in NSW can be found in places like Tuncurry and Eden, where the seaside ambiance blends with the appeal of lower-cost properties, particularly attractive for those seeking a serene retirement or holiday homes.
Australia’s Most Affordable Property Markets
The search for affordability stretches to locales like Queenstown in Tasmania and Murchison in Western Australia, where the property prices are among the lowest, ideal for first-time buyers or investors.
Securing Inexpensive Homes in Australia
Uncovering homes under $50k is possible in places like Rosebery in Tasmania or Merredin in Western Australia, where the promise of a home comes with the excitement of rural living and the opportunity to craft a space uniquely your own.
Where is housing cheapest in Australia?
To answer your first question, the cheapest housing in Australia can be found in regional areas or smaller towns outside of major cities. When writing this article, regional areas of South Australia and Western Australia offer some of the most affordable living.
These areas often have lower living costs and less demand for housing, which drives down prices. Of course, there are exceptions to this rule, and it’s always important to research the local housing market before making any big decisions.
Which state has the cheapest houses to buy in Australia?
When it comes to which state has the cheapest property to buy in Australia, it’s hard to give a definitive answer. Each state and territory has its own housing market with varying prices and demand.
Generally speaking, some of the more affordable states include South Australia, Tasmania, and parts of regional New South Wales.
Which is the cheapest state to buy a house?
If you’re looking for the absolute cheapest state to buy a house, then Tasmania might be your best bet. While some areas in Tasmania, like Hobart, have seen a rise in housing prices in recent years, the overall cost of living is still relatively low compared to other parts of Australia.
You can find cheap houses in Tasmania in Rosebery or browse cheap bush land for sale in Tasmania and construct an entirely new house of your own.
Where is best to buy a house in Australia?
Some popular places for homebuyers include the capital cities of Melbourne, Sydney, Brisbane, Adelaide and Perth, but there are plenty of great options in regional areas as well.
What is the cheapest capital city in Australia?
If you’re on a tight budget, you might be wondering what the cheapest capital city in Australia is. At the moment, that title goes to Darwin in Northern Territory. According to Corelogic’s Housing Value Index released on 31st January 2023, Darwin has the lowest median housing value at $500,228.
Is it cheaper to build or buy a house in Australia?
Finally, the question of whether it’s cheaper to build or buy a house in Australia is a complex one. The answer depends on a variety of factors, including the location, size, and style of the home, as well as the cost of materials and labor. But, if you really need a number, expect to spend around $480,000 on a new build.
