Australian Real Estate Market Offers Properties Under $1 Million, Says Mortgage Broker

Properties with car spaces priced between $500,000 and $1 million are still attainable for first-time homebuyers in Australia, a mortgage broker has revealed. Quang Huynh, a Sydney-based mortgage broker, shared insights into the Australian property market, noting that detached houses within this price range remain available across various suburbs.

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Huynh's observations come after reviewing over 800 property transactions in the past six months, which provided him with a broad perspective on different interstate markets, buyer profiles, and price points. His findings suggest that the dream of homeownership, even for properties with parking, is not out of reach for many.

In the Illawarra region of New South Wales, a newly built three-bedroom home with a price guide of $900,000 to $950,000 is available in Tullimbar. This suburb is described as a rapidly growing, family-friendly area located about an hour and a half from Sydney's central business district. IMAGE3

For those with a lower budget, Ballarat East in Victoria offers a two-bedroom house with a price guide of $360,000 to $380,000. This property includes a carport, a bathroom, and a private courtyard. IMAGE4 A three-bedroom duplex-style house in the same suburb is listed for $479,000 to $499,000, featuring two bathrooms, a double garage, and a spacious yard. IMAGE5

Further afield, a four-bedroom property in Brookfield, Victoria, situated on a 557-square-metre block, is on the market with a price guide of $649,000 to $689,000. This home is close to amenities such as parks, walking trails, shops, public transport, and schools, and includes two bathrooms and a landscaped backyard. IMAGE6

Near Melbourne's CBD, a fully renovated four-bedroom house, located 22km from the city center, has a price guide of $900,000 to $950,000. This property features two bathrooms and a double garage on a 530-square-metre block and is surrounded by schools, shopping malls, parks, sporting facilities, and public transport. IMAGE7

In Warilla, within the Illawarra area, a two-bedroom house with a double car space is listed for $600,000 to $620,000. IMAGE8

Buyers looking for a more budget-friendly option in Ballarat East, Victoria, can find a three-bedroom house for $450,000 to $480,000. This property, located 110km from Melbourne's CBD, includes a bathroom, a lock-up garage, a shed, and a backyard. IMAGE9

In Sydney, a three-bedroom townhouse in Rouse Hill, featuring two bathrooms and a lock-up garage, is priced between $875,000 and $925,000. IMAGE10

Another option for buyers with a budget around $700,000 is a four-bedroom house in Harkness, Victoria, approximately 47km from Melbourne's CBD. With a price guide of $629,000 to $679,000, this home offers two bathrooms and a double garage. IMAGE11

A townhouse in West Wollongong is available for $679,000 to $699,000. This property includes two bedrooms, two bathrooms, and a garage, and is located a short distance from the Wollongong train station. IMAGE12

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