Property investigation: which state gets you more?
With a skyrocketing property market, the number of people who are unable to afford their first home is growing. We’ve taken a good hard look at the property market and how much it has changed over the last 12 months.
So what can you really get for $700k? Following the same pattern as last year, it depends on where in Australia you’re looking.
Queensland
Last year, $700k could get you a 4-bedroom family home nestled in the middle of a lifestyle block. Twelve months later, despite rising nationwide house prices, it seems not much has changed in Queensland.
Although it’s still unlikely you’ll get a spacious home in the center of Brisbane or the Sunshine Coast for that price, if you’re willing to move into one of the surrounding suburbs, then your dream home could be there waiting for you.
Pelican Bay – $695,000
6508/6 Marina Promenade Paradise Point Qld 4216
Featuring 2 bedrooms, 2 bathrooms this Paradise Point home reflects its suburbs name with a modern interior and stunning ocean views, sitting just shy of Southport.
Riviera – $725,000
13 Riviera Crescent Peregian Springs Qld 4573
Situated between Noosa and Coolums Beach, this stunning 4-bedroom luxury home could give you the lifestyle you’ve always dreamed of.
NSW
Prices in New South Wales have reached boiling point, with anyone wanting more than an apartment being forced to look outside the city centres.
Bond Street Apartment, Sydney – $650,000
2 Bond Street Sydney NSW 2000
If living in the CBD is still your dream and you don’t mind small spaces, we found a recently renovated 1-bedroom, 1-bathroom apartment, just a stone’s throw from central Sydney.
Macquarie Hills – $710,000
56 Delaware Drive Macquarie Hills NSW 2285
If you’re after space, heading north is an option.
Check out this Newcastle property, with 4 bedrooms, 3 bathrooms and mountain views.
South Australia
Last year, we found South Australia offered the best value for money… a year later, it seems South Australia is still the best place to get the most bang for your buck.
For the price of a 1-bedroom apartment in Sydney, you’ll be able to get more bedrooms and larger sections, while still being centrally located. Take these properties for example:
Mawson Lakes – $680,000
302 Mawson Lakes Boulevard Mawson Lakes SA 5095
Sitting on 600sqm, this 5-bedroom, 3-bathroom family home is located just up the coast from Adelaide’s city centre.
Beachside – $650,000
15 Seaview Avenue Middleton SA 5213
Ever dreamt of waking up to the beach at your doorstep? This 900sqm, 3-bedroom, 1-bathroom Middleton property could make your dream a reality.
Western Australia
Heading west, you’ll find WA surrounded by stunning beaches and vast national parks, not to mention plenty of choice to suit your budget.
New York in WA – $650,000
36 Queen Victoria Street, Fremantle
Ever wanted to live in a New York style apartment? The Heirloom in Fremantle is built like a city loft, right in the heart of the city.
Priced between $450,000-695,000, these beautifully restored buildings have a range of room configurations, perfect for all types of people and families.
Family home in WA – $700,000
7 Convallis Vista, The Vines WA 6069
If apartments aren’t your thing, this 3-bedroom, 2-bathroom family home on the outskirts of Perth might be what you’re looking for. This 486sqm property features a large open plan living area perfect for families.
ACT/Canberra
ACT offers a range of reasonably priced homes, right in the beating heart of our nation’s capital.
Townhouse in Dickson – $650,000
55 Middleton Circuit Gowrie
Just South of Canberra’s city centre is a 4-bedroom, 2-bathroom townhouse within a kilometre of five schools. If you’ve got a young family in Canberra, this could be the place you’ve been looking for.
Family home in South Canberra – $695,000
26 Freda Bennett Circuit Nicholls ACT 2913
If you’re after a modern pad, this captivating 4-bedroom, 2-bathroom home in South Canberra could have the wow factor you’ve been looking for.
Nectar Mortgages PTY LTD is a Corporate Credit Representative (Credit Representative 446035) of Custom Equity Group PTY LTD (Australian Credit Licence Number 383666).
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