The 193 suburbs that still have houses under $500k

Add as a preferred source on GoogleHome buyers chasing a house and backyard can still find a bargain in nearly 200 suburbs around Australia, however you may have to look outside the capital cities to secure a cheaper place to live. New realestate.com.au data has revealed there were 193 suburbs with median house prices of $500,000 or less across Australia in September. The prospect of buying a house for less than $500,000 will appeal to many home buyers given Australia's latest median house price sits at an eye-watering $974,000 despite national home prices falling over the past six months. Home purchasers are also facing mounting household budget pressures after recent living cost rises and the Reserve Bank's latest interest rate hike, driving mortgage costs even higher for borrowers. There are plenty of locations around the country for budget-focused buyers to choose from as long as they are happy to live in a regional area rather than a capital city. Realestate.com.au senior economist Anne Flaherty said the locations with affordable house prices were mostly situated in regional Australia. Top 10 cheapest suburbs nationally where house prices are $500,000 or lessSource: Realestate...