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Regional Australia's recent real estate boom may have you putting your home ownership aspirations to one side, but there are still parts of the market where you can get a foot on the property ladder for less than $300,000, if you're willing to consider investing in a unit instead of a house. READ MORE: We've rounded up some of the most affordable apartment listings, including townhouses, currently on the market. All median house prices listed are sourced from CoreLogic. 12/318 Lyons Street South, Ballarat Central Price guide: $195,000 to $210,000 Ballarat Central median house price (CoreLogic, June, 2021): $630,000 Ballarat Central median unit price (CoreLogic, July, 2021): $355,000 This one-bedroom, one-bathroom apartment in Ballarat Central would make an ideal investment property or first home, according to the listing. Offered with vacant possession, it has an estimated rental valuation of $190 to $200 a week and is located within an easy walk of the Federation University campus and shops. Listing agent Dale Van Duin of Harcourts Ballarat said that there had been 23 enquiries on the property with five interested parties. He said that it was "rare" to find a property in the Ballarat market that still yielded around 5 per cent, with all of the interested parties looking to keep the unit as an investment property. 2/17 Elizabeth Street, Dubbo, NSW Price: $225,000 to $240,000 Dubbo median house price (CoreLogic, July, 2021): $409,000 Dubbo median unit price (CoreLogic, July, 2021): $272,500 Tenanted until May 2022 and currently producing $265 per week in rental income, this two-bedroom Dubbo apartment could be an ideal entry-level investment. Features include separate laundry room, electric cooking, breakfast bar and timber-look flooring. It's listed with Samuel Shooter of S.J. Shooter Real Estate. 1/74 Steele Street, Devonport, Tasmania Price guide: $235,000-plus Devonport median house price (CoreLogic, June, 2021): $350,000 Devonport median unit price (CoreLogic, June, 2021): $284,250 This two-bedroom, ground floor unit in Tasmania's Devonport was recently subject to an extensive renovation, according to the listing. Offered unoccupied it has a projected rental value of around $270 per week. Features include a new kitchen and wardrobes to both bedrooms. It's listed with Tony Reid of Halliwell Property Agents. 3/71 Crown Street, Tamworth, NSW Price: $299,000 Moving to the upper end of our $300,000 budget could score you a three-bedroom, townhouse-style property in the NSW city of Tamworth. Featuring a separate kitchen, lock-up garage and second downstairs toilet, the property is currently tenanted at $320 per week. It's listed with Jason Wherritt of Burke & Smyth. 1/8 & 2/8 Denneys Street, Warrnambool, VIC 3280 Price: $199,000 each Warrnambool median house price (CoreLogic, June, 2021): $450,000 Warrnambool median unit price (CoreLogic, June, 2021): $345,000 There's not one but two properties available for sale at 8 Denney Street in Warrnambool, and at $199,000 a piece you could snap up both for less than it would cost you to buy one house in many parts of Australia. Each flat is currently returning $160 a week in rent and are centrally located, according to the listing. They are on the market with Fergus Torpy of Ray White Warrnambool.
Regional Australia's recent real estate boom may have you putting your home ownership aspirations to one side, but there are still parts of the market where you can get a foot on the property ladder for less than $300,000, if you're willing to consider investing in a unit instead of a house.
We've rounded up some of the most affordable apartment listings, including townhouses, currently on the market. All median house prices listed are sourced from CoreLogic.
Ballarat Central median house price (CoreLogic, June, 2021): $630,000
Ballarat Central median unit price (CoreLogic, July, 2021): $355,000
This one-bedroom, one-bathroom apartment in Ballarat Central would make an ideal investment property or first home, according to the listing.
Offered with vacant possession, it has an estimated rental valuation of $190 to $200 a week and is located within an easy walk of the Federation University campus and shops.
Listing agent Dale Van Duin of Harcourts Ballarat said that there had been 23 enquiries on the property with five interested parties.
He said that it was "rare" to find a property in the Ballarat market that still yielded around 5 per cent, with all of the interested parties looking to keep the unit as an investment property.
Dubbo median house price (CoreLogic, July, 2021): $409,000
Dubbo median unit price (CoreLogic, July, 2021): $272,500
Tenanted until May 2022 and currently producing $265 per week in rental income, this two-bedroom Dubbo apartment could be an ideal entry-level investment.
Features include separate laundry room, electric cooking, breakfast bar and timber-look flooring.
It's listed with Samuel Shooter of S.J. Shooter Real Estate.
Warrnambool median house price (CoreLogic, June, 2021): $450,000
Warrnambool median unit price (CoreLogic, June, 2021): $345,000
There's not one but two properties available for sale at 8 Denney Street in Warrnambool, and at $199,000 a piece you could snap up both for less than it would cost you to buy one house in many parts of Australia.
Each flat is currently returning $160 a week in rent and are centrally located, according to the listing.
They are on the market with Fergus Torpy of Ray White Warrnambool.
