Cheapest real estate in Australia

Even as we have seen sky-rocketing property prices across Australia making the market seem impossible to get into for first-time home buyers and investors, there are still areas that can be considered “affordable”. Here are some of the cheapest areas across Australia:

1. Elizabeth - South Australia

   Median house price of $209 000 to $260 000 across Elizabeth North, South, Downs, Grove and Park.

2. Daroven Park - South Australia

   Median house price of $220 000

3. Russel Island - Queensland

   Median house price of $255 000

4. Smithfield Plains - South Australia

   Median house price of $260 000

5. Smithfield - South Australia

   Median house price of $265 000

6. Toogoolawah - Queensland

   Median house price of $270 000

7. Laidley - Queensland

   Median house price of $271 500

8. Medina - Western Australia

   Median house price of $275 000

9. Elizabeth - South Australia

   Median house price of $277 750

10. Elizabeth East - South Australia

    Median house price of $280 000

11. Armadale - Western Australia

    Median house price of $280 000

12. Albion - Victoria

    Median house price of $285 500

(Source; realestate.com.au 2022)