How much it cost to buy house in australia

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How much it cost to buy house in australia


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Old 09-12-2016, 03:11 AM
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How much it cost to buy house in australia

Hi all, how much it cost to buy cheap house in australia? my family and i want to all live in it together but what best suburbs are there?


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Old 09-12-2016, 04:19 AM
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What part of Australia?
What size house?
How large land size?

A new 4 bedroom detached house can be between $300,000 and $3,000,000 depending on answers.

An older 4 bedroom detached house can be down to $250,000 or lower.

Location normally determines the land cost.

Right on the coast is much higher in cost than 1 hour inland, etc..

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Old 09-12-2016, 04:47 AM
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Median Price of Established House Transfers March 2016

The median prices for Established Houses varied between $268,000 for Tasmania (excluding Hobart) and $825,000 for Sydney, NSW.

States
$825,000 Sydney, NSW
$408,600 Rest of NSW
$580,000 Melbourne, Vic
$310,000 Rest of Vic.
$485,000 Brisbane, Qld
$420,100 Rest of Qld.
$435,000 Adelaide, SA
$275,000 Rest of SA
$520,000 Perth, WA
$375,000 Rest of WA
$356,500 Hobart, Tas
$268,000 Rest of Tas.

Territories
$570,000 Darwin, NT
$458,000 Rest of NT
$586,300 Canberra, ACT

Cheapest Suburbs in Australia

Median House Prices 2015-2016

$ 88,379 Zeehan, TAS
$ 92,560 Rainbow, VIC
$ 93,290 Rosebery, TAS
$ 94,272 Jeparit, VIC
$ 94,464 Queenstown, TAS
$ 99,946 Sea Lake, VIC
$102,474 Kaniva, VIC
$102,790 Rupanyup, VIC
$103,981 Norseman, WA
$106,167 Hopetoun, VIC

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Old 01-13-2017, 03:42 AM
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Quote:
Originally Posted by JandE View Post
Median Price of Established House Transfers March 2016

The median prices for Established Houses varied between $268,000 for Tasmania (excluding Hobart) and $825,000 for Sydney, NSW.

States
$825,000 Sydney, NSW
$408,600 Rest of NSW
$580,000 Melbourne, Vic
$310,000 Rest of Vic.
$485,000 Brisbane, Qld
$420,100 Rest of Qld.
$435,000 Adelaide, SA
$275,000 Rest of SA
$520,000 Perth, WA
$375,000 Rest of WA
$356,500 Hobart, Tas
$268,000 Rest of Tas.

Territories
$570,000 Darwin, NT
$458,000 Rest of NT
$586,300 Canberra, ACT

Cheapest Suburbs in Australia

Median House Prices 2015-2016

$ 88,379 Zeehan, TAS
$ 92,560 Rainbow, VIC
$ 93,290 Rosebery, TAS
$ 94,272 Jeparit, VIC
$ 94,464 Queenstown, TAS
$ 99,946 Sea Lake, VIC
$102,474 Kaniva, VIC
$102,790 Rupanyup, VIC
$103,981 Norseman, WA
$106,167 Hopetoun, VIC
Thanks for the estimation!


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Old 02-24-2017, 04:01 PM
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Thanks too


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Old 04-05-2017, 10:57 AM
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l’m going to be a first time home buyer soon. l’m looking at buying up to twenty acres or less with a three-bed-roomed cottage dwelling on it in the bush somewhere in Victoria, but l want to supply my own water from tanks suitable for drinking and for other uses. My issue is about land rates & council costs. Is it true that the bigger the land l own, the bigger the rate costs per acre?


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Old 04-05-2017, 11:21 AM
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Quote:
Originally Posted by bdsautocare View Post
lím going to be a first time home buyer soon. lím looking at buying up to twenty acres or less with a three-bed-roomed cottage dwelling on it in the bush somewhere in Victoria, but l want to supply my own water from tanks suitable for drinking and for other uses. My issue is about land rates & council costs. Is it true that the bigger the land l own, the bigger the rate costs per acre?
The larger the land, and the more valuable the land, then the higher the total council rates will be. But I very much doubt it will be higher 'per acre' purely based on a larger area.

The council determines the total amount of rate revenue required and then divide that figure across the total value of all rateable properties to establish a rate in the dollar.

Bottom line is, if your property is worth 1% of all the property in the council area, you will pay 1% of the total rates income required,

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Old 05-01-2017, 07:54 AM
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how come you didn't just look on the internet, surely you'd find the answers there, especially when you know where you are living and where you want to live.


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Old 06-14-2017, 12:29 AM
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The reality is Australian property prices are in a bubble, the exact same as before the Global Financial Crash/Crisis around 2008. It will eventually pop here too in the not so distant future and anyone buying houses will see the paper worth drop 50% or more. Then you won't be able to sell your house for years and years until the market recovers, which it is starting to do in the US but not in Europe. I'd save your money, hold out for a few years, wait for the inevitable crash to hit, and buy a house for half the price.

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Old 06-14-2017, 03:00 AM
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Quote:
Originally Posted by modifiedalpha View Post
The reality is Australian property prices are in a bubble, the exact same as before the Global Financial Crash/Crisis around 2008. It will eventually pop here too in the not so distant future and anyone buying houses will see the paper worth drop 50% or more. Then you won't be able to sell your house for years and years until the market recovers, which it is starting to do in the US but not in Europe. I'd save your money, hold out for a few years, wait for the inevitable crash to hit, and buy a house for half the price.
That's exactly the same advice that was being given in 2003-2005 on many property forums, eg: Million ready to brave the housing bubble -2003 saying a 35-40% drop would be occurring in 6 months.

I know people who sold up, at about $300k during those times, and are still waiting for the drop. Their houses are now worth much more, and the ex owners are out of pocket big-time, and have been for 10-14 years now.

However... Some areas may drop, but not all areas, and maybe not by much.

Prices are only high in some areas because of the demand for the land in that area.
There are many areas that are much more affordable, but most people do not choose those areas, they prefer to pay higher prices for a quality area. Things will not change while people prefer quality.

There is a way to bring property prices down, build them smaller and further from the beach.

The average Australian new house is three times as big as the average UK new house.

I have an almost new 4 bedroom house, 210sqm on a 750sqm block and the price of this house and land is around $260,000. Only 1 hour from Brisbane. 5 years ago the median price in this area was $240k, it is now $260k, an average rise of 2.25% per year.

It's people choice, both for what they want.

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