Where to find a house for $69,000 with a lifestyle change thrown in: the most affordable country towns for home hunters are revealed
- Australia's top ten most affordable country towns for 2020 have been revealed
- Coming in at the number one spot is Peterborough, 249km north of Adelaide
- The median house price there is just $69,000, followed by Rangeway at $70,000
The country's most affordable country towns have been revealed and house hunters could pick a property up for as little as $69,000.
The town with the lowest median price is in South Australia, while the rest of the top ten cheapest spots are all in Queensland, Western Australia and Tasmania.
Peterborough, 249km north of Adelaide, is officially the country's most affordable town to buy a house with a median price of just $69,000.
Peterborough, 249km north of Adelaide, is officially the country's most affordable town to buy a house with a median price of just $69,000.
Wardle Co Real Estate agent Angus Barnden said the demand for rental properties and investment properties was growing in Peterborough.
'We've got lots of investors who want to buy there because return on investment is good, and there's not enough houses on the market to rent,' he told realestate.com.au.
Meanwhile Western Australia secured two spots on the top 10 list including Rangeway coming in second with $70,000 and Merredin at number five with $80,000.
For those looking to settle on the east coast, there were no properties in New South Wales, Victoria or the Australian Capital Territory with a median house price under the $100,000 mark.
In the Western Australian town Rangeway the median house price is $70,000; the home pictured at 73 Scott Road is selling for $79,000 according to realestate.com.au
Househunters can snap up a bargain in the town of Tara, a 2,000 person community in Queensland's Darling Downs region, where you can buy a home for a median price of $72,000. The property pictured at 19 Adams Street is going for $80,000 on realestate.com.au
But house hunters are able to snap up a bargain in five Queensland communities and two Tasmanian towns.
These include the town of Tara, a 2,000 person locale in Queensland's Darling Downs region, where you can buy a home for only $72,000.
Further afield homes in Charlesville in outback Queensland average $77,500.
The Apple Isle features properties with a median price of $85,000 in Rosebery, a former mining town nestled in the foothills of Mount Black on Tasmania's West Coast.
Comg in at number four on the list was Charleville in outback Queensland with the median price for a house $77,500. The property pictured at 11 Hilda Street is selling for $65,000 on realestate.com.au
But those considering a tree change may need to think twice before pulling the trigger.
Chief economist at realestate.com.au Nerida Conisbee said country towns usually don't offer the same job-opportunities as their city counterparts.
But she said with the shift towards the working from home model driven by COVID-19 could make it easier for people to relocate.
'While they are incredibly affordable, it might be difficult to get a job if you were to move there. As remote working accelerates, this may no longer be an issue for some people,' she said.
