Sydney house prices are falling at their fastest rate in decades, with a 5.2% decline over the September quarter wiping close to $80K off the median sale price—which is currently approx. $1,464,000. Still, that’s no small price tag. Many are still finding themselves priced out of the market, and with rates continuing to climb, buying in Sydney is proving but a pipe dream. Alas, there are still deals to be had if you set your sights on some less popular (and populated!) suburbs across the state. Never heard of Euston? You have now.
208 HALL STREET, BROKEN HILL – $225,000
It might be a bit further from the beach than you anticipated, but this 3-bedroom house in the inland mining city of outback NSW will set you back a hell of a lot less. Advertised as ‘the ideal investment currently rented at $290 a week til March 2023’, the home sits on a 663m2 allotment on the edge of town, complete with ‘a good kitchen with dishwasher, electric cooking, reverse cycle split systems and large carport which can double as an entertaining area.’ Want the town to entertain you instead? Local attractions include the iconic Palace Hotel, Living Desert State Park, Mad Max Museum and Broken Hill Regional Art Gallery. https://www.realestate.com.au/property-house-nsw-broken+hill-140353139
25/15 LOFBERG COURT, MUSWELLBROOK – $299,000-$319,000
Located in the Upper Hunter Region of New South Wales, Muswellbrook is a town about 243 km north of Sydney and 127 km north-west of Newcastle. For somewhere between $299,000-$319,000, you could live in a two-bedroom villa in a local complex known as ‘The Hillside.’ Featuring a modern kitchen, balcony with stunning views and a large courtyard, the complex also boasts a shared pool area and manicured gardens. https://www.realestate.com.au/sold/property-unit-nsw-muswellbrook-140595135
10 BRAIDWOOD RD, GOULBURN – $220,000
Dilapidated homes in Sydney go for a whole lot more than they do in Goulburn, even though you have to put in just as much work. If you’re looking for a fixer upper with rural charm, this 4-bedroom home sits on a quarter-acre block and features high ceilings, original timber floors, and original kitchen, as well as sprawling back and front yards that are in need of a decent mow and some all-around TLC. If this place goes under the hammer within close range of the auction guide price of $220K, the reno budget will be much easier to manage. https://www.realestate.com.au/sold/property-house-nsw-goulburn-140723779
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11 COWPER STREET, EUSTON – $300,000
A small (read: tiny) town on the banks of the Murray River, Euston boasted a population of 839 in the 2016 census. Looking to become the 840th? resident? For $300K, you could make your provincial dreams come true—but not until 2027. This 3 bedroom home comes with a tenant in place on a secure 5 year lease, so think of it more as an investment. https://www.realestate.com.au/property-house-nsw-euston-139726459
38 CASINO STREET, SOUTH LISMORE – $199,000
Sitting on 607sqm of land in the gorgeous Northern Rivers region, this 2-bedroom, 1-bath property is up for offer after sustaining significant damage in the floods that swept through the region earlier this year. High-set with bare solid bones after its post-flood strip-out, its owners are hoping someone recognises its potential despite its current state. But be warned: what you might save on the sale price you may have to spend on insurance. https://www.realestate.com.au/property-house-nsw-south+lismore-140458859
