REVEALED: NSW’s cheapest suburbs where homes are still under $500K

It’s a volatile time in the real estate world, and it would be remiss of us not to acknowledge how tricky it has been for everyday Aussies to get on the property ladder over the past decade.

As we move into the second quarter of 2026, things are as murky as ever with tight property stock, rising median prices and the 5 per cent Deposit Scheme increasing demand across many suburbs.

RELATED READ: Yes, you can still buy by the beach: 12 NSW suburbs under $1m

However, there is some good news coming our way after the latest PropTrack data revealed a list of 402 suburbs across Australia that have median property prices under $500,000.

Considering the median house price in Sydney is roughly $1.75 million – scoring a property for under half a million sounds pretty neat and dare we say rather encouraging.

Drilling into the list to focus on homes in NSW, we can see a number of suburbs that have properties available for under $300,000. The catch is you’d have to be willing to give up Sundays luxuriating on the Clovelly slab and swap it for swatting flies.

In the rugged outback town of Bourke you can buy a house for $170,000, or if you fancy a bit of country music perhaps a home in South Tamworth for $282,500 might pique your interest.

If you prefer to be slightly closer to the water, homes in South Kempsey and South Grafton go for $445,000, and are about a 40-minute drive to the closest beaches.

Here are the top 10 cheapest places to buy property in NSW:

1. Bourke - $170,000
2. Coonamble - $200,000
3. Broken Hill - $220,000
4. Nyngan - $260,000
5. Cobar - $280,000
6. Hay - $280,000
7. South Tamworth - $282,500
8. Coonabarabran - $285,000
9. Condobolin - $290,000
10. Warialda - $290,000

Of course, it might be hard to let go of where you thought you might buy property, but plenty of Australians are switching it up in favour of a sea/tree change in order to get on the property ladder.

Who knows, you might just fall in love with Condobolin.

Stay in the loop: sign up for our free Time Out Sydney newsletter for more news, travel inspo and activity ideas, straight to your inbox.

RECOMMENDED:

Here’s everything we know so far about the new Western Sydney Airport.

Here’s what Parramatta will look like in 2050

And here’s where Sydney’s metro network will go once it’s complete.