Revealed: The 10 cheapest suburbs to buy a house in Australia (for under $300,000)

What goes up and up but never seems to come down? You guessed it – the property market! For many Australians, the dream of buying a home is becoming more out of reach, as median house prices hit record highs. But you’ll be pleased to hear there are still some Aussie towns and suburbs where median-priced properties cost less than $300,000.

According to PropTrack data released by realestate.com.au, Australia’s cheapest suburb to buy a house is Kambalda West, a mining town about 60 kilometres south of Kalgoorlie in outback WA. The median house price last year was just $226,000, with many selling for even less.

Following Kambalda West was another outback mining town, Broken Hill – the largest city in far west NSW – with a median house value of $266,000. Last year, the cheapest property here sold for just $33,000 (a three-bedroom house!), with another two-bedder selling for $49,000. Other affordable corners of Australia where median house prices are still less than $300,000 include Dysart in rural Queensland, Whyalla Norrie in outback South Australia, and Wee Waa in northwest NSW.

While the low price tags are a major drawcard, buying in Australia’s cheapest suburbs comes with major trade-offs. Like Kambalda West, most of these suburbs sit in the nation’s mining and manufacturing heartlands, where property prices are susceptible to the boom-and-bust cycles of these industries.

If you’re more interested in buying property closer to a capital city, there are still suburbs where houses can be found for less than $500,000. The top ten are concentrated in Hobart, with Gagebrook leading at a median house value of $449,000. You can see the full results below, or read more here.

The 10 cheapest suburbs for buying a house in Australia

1. Kambalda West, WA – $226,000
2. Broken Hill, NSW – $266,000
3. Dysart, QLD – $274,000
4. Whyalla Norrie, SA – $276,000
5. Wee Waa, NSW – $285,000
6. Whyalla Stuart, SA – $288,000
7. Moura, QLD – $290,000
8. Port Augusta, SA – $300,000
9. Roxby Downs, SA – $300,000
10. Blackwater, QLD – $316,000

The 10 cheapest capital suburbs for buying a house in Australia

1. Gagebrook, TAS – $449,000
2. Herdsman Cove, TAS – $452,000
3. Russell Island, QLD – $472,000
4. Clarendon Vale, TAS – $496,000
5. Bridgewater, TAS – $499,000
6. Risdon Vale, TAS – $517,000
7. New Norfolk, TAS – $519,000
8. Macleay Island, QLD – $524,000
9. Primrose Sands, TAS – $527,000
10. Melton, VIC – $548,000

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