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Post by Banjo on Jun 24, 2020 11:59:30 GMT 7
Where to find the cheapest towns for property across AustraliaHousehunters struggling to get a foot on the property ladder or looking for a promising investment should consider buying in country towns. Peterborough is the cheapest town in Australia for property, according to latest realestate.com.au figures, with a median house price of $69,000. It is about three hours from Adelaide and offers a range of character homes for a fraction of the cost of a house in the state’s capital, which has a median house price of $480,000. Western Australia and Tasmania had two towns each on the list with five across Queensland, including Tara and Charleville, rounding out the top 10. Chief economist at realestate.com.au Nerida Conisbee said there were several factors that stopped people from moving to remote towns, but many might not be considered barriers in the wake of COVID-19. www.realestate.com.au/news/where-to-find-the-cheapest-towns-for-property-across-australia/?utm_source=TheAdvertiser&utm_medium=Email&utm_campaign=Editorial&utm_content=ADV_AM-PM_CUR_01&net_sub_id=311202432&type=curated&position=5&overallPos=5 CHEAPEST TOWNS IN AUSTRALIA (Suburb, state, median house price) 1. Peterborough, SA – $69,000 2. Rangeway, WA – $70,000 3. Tara, QLD – $72,000 4. Charleville, QLD – $77,500 5. Merredin, WA – $80,000 6. Monto, QLD – $85,000 7. Rosebery, TAS –$85,000 8. Queenstown, TAS – $91,500 9. Mount Morgan, QLD – $100,000 10. Dysart, QLD –$103,750
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Post by bunyip on Jun 24, 2020 13:01:23 GMT 7
Even if they offered those houses for free most people wont want to live there.
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Post by isleboy on Jun 24, 2020 13:56:11 GMT 7
Even if they offered those houses for free most people wont want to live there. They are usually reasons, of why they cheap. One could be due to lack of rain, very high temperatures during summer, dust storms... The one mentioned in Tassie is in a mining area. Maybe there's a higher health risk around that area. |
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Post by bear on Jun 24, 2020 14:54:15 GMT 7
Sellers in the listed areas can only hope, and imho it's the early bird that'll get the best prices. These are the areas that will appreciate much more in value over the median term through increased demand due to new economic norms of affordability.
Your own roof over your head is the better option if the only others are exhorbinant rent or sleeping rough under a bridge; especially if you've defaulted and have been lucky enough to retain some equity in the form of cash. The next 5-10 years will see many people on steep learning curves.......
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Post by bunyip on Jun 24, 2020 15:43:04 GMT 7
Sellers in the listed areas can only hope, and imho it's the early bird that'll get the best prices. These are the areas that will appreciate much more in value over the median term through increased demand due to new economic norms of affordability. Your own roof over your head is the better option if the only others are exhorbinant rent or sleeping rough under a bridge; especially if you've defaulted and have been lucky enough to retain some equity in the form of cash. The next 5-10 years will see many people on steep learning curves....... You say its a better option the sleeping under a bridge, but l guess most people sleeping under a bridge don't have a spare $70,000 to buy one of these places or they wouldn't sleeping under a bridge, also its not possible to save up $70,000 if you are on a centrelink payment, to many on a centrelink payment buying a $70,000 house is just as much out of reach as buying a $1 million house. ALso theres the issue of loneliness and isolation and lack of things to do living in one of these middle of no where woop woop places, this could create or worsen mental illness, also theres a saying ' small towns , small minds' the locals may be narrow minded and prejudice against someone whose not working and on a centrelink payment moving in. Peronally l would prefer renting a tiny 1 bedroom flat in a city or large population centre then own a large comforatable house in woop woop. Lastly you would have to own a car living out there, public transport is poor or non existant and cars are expensive to run, |
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Post by tasjo on Jun 24, 2020 17:19:00 GMT 7
Queenstown and Rosebery are about 2-2.5 hrs drive from Burnie... they are in the middle of nowhere and mining towns.
Queenstown has more of a community than Rosebery but... its still a town that is pretty much closed by lunch time Saturday and largely closed over winter. Recently there have been a couple of accidents at the mine that have affected the town significantly and the job prospects are pretty terrible. Rosebery would be worse unless at the mine, a lot of people work shift work and stay on site during their shifts.
Theres always reasons why properties are cheaper but without work or facilities its only a small part of the package.
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Post by bear on Jun 24, 2020 19:14:14 GMT 7
Sellers in the listed areas can only hope, and imho it's the early bird that'll get the best prices. These are the areas that will appreciate much more in value over the median term through increased demand due to new economic norms of affordability. Your own roof over your head is the better option if the only others are exhorbinant rent or sleeping rough under a bridge; especially if you've defaulted and have been lucky enough to retain some equity in the form of cash. The next 5-10 years will see many people on steep learning curves....... You say its a better option the sleeping under a bridge, but l guess most people sleeping under a bridge don't have a spare $70,000 to buy one of these places or they wouldn't sleeping under a bridge, also its not possible to save up $70,000 if you are on a centrelink payment, to many on a centrelink payment buying a $70,000 house is just as much out of reach as buying a $1 million house. ALso theres the issue of loneliness and isolation and lack of things to do living in one of these middle of no where woop woop places, this could create or worsen mental illness, also theres a saying ' small towns , small minds' the locals may be narrow minded and prejudice against someone whose not working and on a centrelink payment moving in. Peronally l would prefer renting a tiny 1 bedroom flat in a city or large population centre then own a large comforatable house in woop woop. Lastly you would have to own a car living out there, public transport is poor or non existant and cars are expensive to run, As far as affording a place goes, I did quantify it with this statement; "especially if you've defaulted and have been lucky enough to retain some equity in the form of cash." As for all of your other arguments against the idea, I'd put most of them down to personal choice...... personally I can think of nothing worse than living in a tiny one bedroom room flat in a major population centre. Some of these places are actually populated with the vulnerable, disadvantaged and disabled and have quite good public transport to the nearest population centre a few times per day, have good infrastructure, modern medical facilities, supermarkets that keep prices down because they are part of the community and know the score. Isolation and loneliness is also a personal thing; some people crave for it, others abhor it. Mount Morgan was once the largest gold mine in the southern hemisphere. It's 40 klm's from Rockhampton, 80 klm's from the Capricorn Coast, gateway to the Keppel Islands. It has a great community spirit with a large arts, craft and music community and being elevated has a much cooler climate than other places in the region. Your "small town, small minds" comment definitely applied 25 years ago, nowadays however it certainly doesn't. Cheers bear |
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Post by bunyip on Jun 27, 2020 5:16:10 GMT 7
perhaps you are correct, l think it depends on the town , for example some small outback towns are hot dusty hell holes with out of control crime, its not just cities that have crime, but there are also plenty of nice peaceful small towns with nice scenery and things to do like fishing and bushwaking, it comes down to the town and its location
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Post by mspurple on Jun 27, 2020 14:10:07 GMT 7
There are houses around the area I live in for very similar prices and some of the towns are honestly the best places for community spirit, medical and other services and tranquility- minimal crime. Then there are the other towns where the houses cost the same and the crime is through the roof and the community is toxic to itself. If you know which towns are good you could be investing in a lovely future for yourself if you had that sort of money at your disposal.
Just curious if anything even grows at Queenstown yet? Last I was there it looked like a nuclear bomb had gone off! Not one tree, plant nor blade of grass which I guess could be some garden fanatics dream because not even weeds grew there last I was there lol. I did hear the town had picked up substantially resident wise though.
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Post by tasjo on Jun 27, 2020 20:06:32 GMT 7
Queenstown is quite different to how it was 20 yrs ago but large areas are still bare... its a quirky place, some new people have changed it in parts but theres still a long way to go.
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