15 Cheapest Places to Buy a House in Australia Based On The Current Market

Ever wondered where you could find the most budget-friendly houses in affordable suburbs Down Under? In this listicle, we’re diving into the realm of real estate to uncover affordable places and affordable suburbs that won’t break the bank. From quaint cottages to charming bungalows, get ready to explore a range of affordable houses scattered across Australia.

Ready for an adventure in bargain hunting? Scroll down to discover our top picks and reviews of the cheapest places to buy or build a house in Australia. Get your property radar on high alert as Ardent Construction unveils some of the best deals waiting for savvy buyers like yourself.

1. Broken Hill, New South Wales

Broken Hill in New South Wales offers an array of affordable housing options within a historic mining town setting. The town boasts a vibrant arts and cultural scene, making it an attractive location for those seeking a picturesque environment with character.

Amidst its historical charm, Broken Hill provides residents with ample opportunities to engage in outdoor activities. Nature enthusiasts can explore the surrounding areas, which offer stunning landscapes and various recreational pursuits.

With house prices that are budget-friendly compared to many other regions in Australia, Broken Hill presents an appealing option for individuals looking to invest in property without breaking the bank. This affordability factor combined with the town’s unique appeal makes it a standout choice for those seeking both value and character in their living space.

Whether you are interested in history, culture, or simply enjoying nature’s beauty, Broken Hill encompasses all these aspects while also being a great place for building some of the cheapest houses in Australia.

2. Peterborough, South Australia

Peterborough in South Australia offers a perfect blend of affordability and charm for first-time buyers looking to settle in a tranquil setting. The town provides an opportunity to reside close to the breathtaking Flinders Ranges, ideal for nature enthusiasts seeking adventure.

Living in Peterborough means being part of a welcoming community that fosters a peaceful lifestyle in the suburbs, away from the hustle and bustle of larger cities. The town’s serene atmosphere makes it an attractive option for those desiring a slower pace without compromising on access to essential amenities.

With its affordable properties and proximity to stunning natural attractions, Peterborough stands out as an excellent choice for individuals or families seeking an escape from the busy city life. The real estate market in this region offers opportunities for homeownership at relatively lower median costs compared to major capital cities like Sydney or Melbourne.

For those keen on exploring regional areas with unique character and affordable housing options, Peterborough presents itself as a hidden gem worth considering when entering the property market.

3. Queenstown, Tasmania

Queenstown in Tasmania boasts a unique landscape characterised by rugged mountains and lush rainforests, making it an ideal retreat for nature lovers.

The town offers an affordable real estate market that presents growth opportunities for investing in a house or settling down. With its scenic beauty and tranquil surroundings, Queenstown stands out as one of the top picks for those seeking affordability without compromising on natural charm.

Furthermore, Queenstown’s rich mining history adds to its allure, with heritage sites waiting to be explored by history enthusiasts and curious visitors alike. This blend of affordability and historical significance makes Queenstown a standout choice for both homeowners and investors looking for rental returns in a picturesque setting.

4. Zeehan, Tasmania

Zeehan in Tasmania is a charming coastal town with a rich mining history that adds character to the area. The town offers affordable housing options, making it an attractive choice for both homeowners and investors looking for budget-friendly opportunities and a wide selection of Australian house designs to choose from.

Outdoor enthusiasts will find Zeehan particularly appealing due to its abundance of activities such as fishing and hiking. The picturesque coastal setting provides residents with easy access to nature, allowing them to enjoy a relaxed lifestyle surrounded by scenic beauty.

Investing in property in Zeehan not only offers affordability but also the potential for growth over time. With its historical significance, natural amenities, and affordable housing options, this town presents a unique opportunity for those seeking an inexpensive yet enriching living experience.

For individuals looking to escape the hustle and bustle of city life without compromising on amenities or home comforts, Zeehan stands out as a hidden gem worth exploring further.

house with coind in jar

5. Rosebery, Tasmania

Rosebery, Tasmania offers affordable house options in a stunning mountainous region. The town is surrounded by breathtaking national parks and wilderness areas, making it an ideal location for nature lovers and outdoor enthusiasts.

Living in Rosebery provides residents with the opportunity to explore the beauty of Western Tasmania. The strong sense of community in this area fosters a welcoming environment for new residents. Locals are known for their friendliness and willingness to help newcomers settle into the town.

6. Collie, Western Australia

Affordable properties in Collie, Western Australia offer a unique opportunity to own a house in a picturesque setting surrounded by lush forests and serene rivers.

The town benefits from a thriving coal mining industry, providing residents with stable employment opportunities and contributing to the local economy.

In addition to its affordability and natural beauty, Collie boasts an abundance of recreational activities for outdoor enthusiasts. Residents can enjoy fishing in the nearby rivers or take advantage of boating opportunities on the tranquil waters.

With its combination of affordable housing options, employment prospects in the mining sector, and access to various leisure activities, Collie presents itself as an attractive location for those looking to step onto the property ladder without breaking the bank.

house and card with coins

7. Merredin, Western Australia

Merredin in Western Australia offers an affordable housing market within a serene rural setting. Despite its affordability, this area boasts a wide range of amenities such as schools, shops, and healthcare facilities, making it an attractive option for families looking to settle down.

Situated as the gateway to the Wheatbelt region, Merredin showcases stunning landscapes and natural beauty that residents can enjoy daily. This combination of affordability and access to essential services makes Merredin an appealing choice for those seeking a peaceful lifestyle without sacrificing convenience.

With median prices reflecting the cost-effectiveness of living in this area compared to city medians elsewhere in Australia, Merredin presents itself as a promising location for individuals or families looking to make their homes in a tranquil rural environment.

8. Katanning, Western Australia

Affordable homes in Katanning offer an excellent opportunity to own property in a charming country town without breaking the bank. The town’s real estate market provides budget-friendly options for those looking to invest in a peaceful and welcoming community.

Katanning boasts rich cultural diversity, creating a vibrant atmosphere that celebrates different traditions and backgrounds. Residents can enjoy engaging with various cultures through community events and activities, fostering inclusivity and unity within the town.

The area is well-equipped with essential amenities such as schools, hospitals, and recreational facilities. Families looking to settle down can benefit from quality education options for their children while having convenient access to healthcare services. The presence of recreational facilities ensures opportunities for leisure activities close to home.

Investing in a property in Katanning not only offers affordability but also opens doors to a tight-knit community where residents support each other and create lasting bonds. The combination of affordable housing, cultural richness, and essential amenities makes Katanning an attractive location for individuals seeking a balanced lifestyle in Western Australia.

Maximise savings when looking for cheap property in Katanning by using a knockdown rebuild calculator before conducting demolition and construction of a new house.

9. Ouyen, Victoria

Affordable real estate options in Ouyen, Victoria make it an attractive choice for budget-conscious buyers seeking a peaceful rural setting. The town’s serene environment offers a tranquil way of living away from the hustle and bustle of city life.

Ouyen benefits from a robust agricultural industry, providing residents with various employment opportunities within the sector. This can be particularly appealing to those looking to live in an area where agriculture plays a significant role in the local economy.

Located close to the Murray-Sunset National Park, Ouyen offers easy access to outdoor adventures and recreational activities. Residents can enjoy exploring nature trails, camping under the stars, or simply unwinding amidst picturesque landscapes right on their doorstep.

With its blend of affordability, job prospects in agriculture, and proximity to natural attractions like national parks, Ouyen stands out as an ideal location for individuals or families looking for an affordable place to call home in Australia’s scenic countryside.

10. Charlton, Victoria

Charlton in Victoria offers affordable housing within a warm and welcoming community setting. The town’s charm is enhanced by its picturesque surroundings of farmland and natural beauty, making it an ideal location for those seeking tranquillity.

Residents of Charlton enjoy easy access to the stunning Grampians National Park, providing ample opportunities for outdoor activities such as hiking, camping, and wildlife spotting. This proximity to nature adds immense value to the lifestyle of those residing in this area.

While property values in Charlton are currently affordable compared to other regions in Australia, there is potential for significant capital growth over time. Investing in real estate here could prove beneficial due to the town’s appeal and the increasing demand for properties in serene rural locations.

11. Stawell, Victoria

Affordable properties in Stawell, Victoria offer a unique opportunity for a cheap house in a historic gold mining town. The charm of this area lies not only in its affordability but also in its rich history.

Stawell, known for the annual Stawell Gift foot race event, provides residents with a vibrant cultural experience and a strong sense of community. This event attracts visitors from far and wide, showcasing the town’s lively spirit.

Living in Stawell places you at the doorstep of natural wonders like the Grampians and the renowned wineries of the Pyrenees region. Residents can enjoy picturesque landscapes and indulge in outdoor activities without venturing too far from home.

Investing in property here means not just acquiring an affordable house but gaining access to a lifestyle that combines history, culture, and nature seamlessly. With its proximity to various attractions and events, Stawell offers more than just inexpensive housing; it presents an opportunity for a fulfilling life enriched by its surroundings.

If you’re planning on buying a heritage house, we have tips and ideas that we believe are worth considering.

pink house in cart

12. Kyabram, Victoria

Kyabram in Victoria offers an affordable housing market ideal for families seeking a budget-friendly home. The town is renowned for its agricultural industry and rich dairy farming heritage, providing residents with a unique blend of rural charm and modern amenities.

  • Family-Friendly Environment: Kyabram boasts a welcoming community atmosphere, making it an excellent choice for those looking to settle down in a safe and family-oriented neighbourhood.
  • Recreational Opportunities: Residents can enjoy a variety of recreational facilities such as parks and sporting clubs, promoting an active lifestyle while fostering community engagement.
  • Affordable Housing Options: With the cost of living relatively lower than major capital cities like Melbourne or Sydney, Kyabram presents an attractive option for buyers looking to invest in property without breaking the bank.

The town’s emphasis on green spaces and outdoor activities enhances the quality of life for its residents. Kyabram’s compound growth rate reflects promising potential for long-term property value appreciation.

13. Morwell, Victoria

Affordable homes in Morwell, Victoria offer an excellent opportunity for buyers looking to settle in a regional centre with essential amenities at lower costs.

Surrounded by the breathtaking landscapes of Tarra Bulga National Park, residents can enjoy nature’s beauty and outdoor activities right on their doorstep.

The strong sense of community in Morwell fosters a welcoming environment for new residents. Engaging in local events and initiatives creates a vibrant social scene that enriches daily life.

Living in Morwell provides not only affordability but also access to quality services and facilities within reach, making it an attractive option for those seeking a balance between cost-effectiveness and lifestyle satisfaction.

14. Moe, Victoria

Moe, Victoria offers affordable real estate options in a peaceful town with stunning scenic surroundings. The area boasts proximity to national parks and abundant outdoor recreational opportunities for nature enthusiasts.

The welcoming community spirit in Moe fosters a sense of belonging, making it an ideal place for families or individuals seeking a tight-knit neighbourhood. Residents benefit from a range of local amenities that cater to everyday needs without the hustle and bustle of larger cities.

With its tranquil atmosphere and affordability, Moe presents an attractive option for those looking to invest in property without breaking the bank. Whether you enjoy hiking through picturesque landscapes or prefer quiet evenings at home, this town provides a balance between nature and convenience.

15. Bairnsdale, Victoria

Affordable properties in Bairnsdale, Victoria offer a family appeal with picturesque riverside settings. This town serves as the ideal gateway to the Gippsland Lakes and stunning coastal areas, making it an attractive location for nature lovers and outdoor enthusiasts.

Bairnsdale boasts a wide range of amenities that cater to residents’ needs, including schools for education opportunities, shops for convenient shopping experiences, and healthcare facilities for easy access to medical services. The availability of these amenities enhances the quality of life for families residing in this charming riverside town.

With its blend of affordability and natural beauty, Bairnsdale presents an appealing option for those looking to settle down in a peaceful yet vibrant community. Whether you seek tranquillity by the water’s edge or wish to explore scenic coastal regions nearby, Bairnsdale offers both serenity and adventure within reach.

Final Remarks

You’ve now explored a range of options for the cheapest houses in Australia. From the historic charm of Broken Hill to the serene landscapes of Bairnsdale, each location offers its unique appeal. Whether you’re seeking a quiet retreat or a bustling community, these affordable housing options, including cheap houses, could be your ticket to homeownership. Don’t limit yourself to these options though. If you’re lucky, and do your best research, you may also find the cheapest houses or residential buildings in Sydney if venturing outside New South Wales is not for you.

Take this newfound knowledge from the top remedial builders in Sydney and start your house-hunting journey for the cheapest property in Australia. Research the areas that pique your interest, visit them if you can, and who knows, you might just find your dream home in one of these budget-friendly locations. Happy house hunting!

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