Many Australians are still looking for a tree change for less than $300,000 and, despite the past two years’ big property price rises across the country, there’s still plenty of choice away from the urban centres.
“We’re getting so many people from Sydney and Melbourne looking for a different lifestyle,” said Tara Nadge, of LJ Hooker Broken Hill, where homes are in the top three cheapest in the country, with a median price of $170,000 – despite 19.7 per cent price growth over the past year.
“They just find it a nice place to stay where everyone’s so friendly and welcoming, and people find they fit in easily. We have a big arts community here and lots of festivals, like the Mundi Mundi Bash and the Broken Heel Festival on the anniversary of Priscilla: Queen of the Desert, and we have lots of jobs going.”
According to the latest Domain House Price Report, there’s plenty of choice in affordable tree-change spots for a fraction of the price of homes in the capital cities.
| State | LGA name | Median house price |
| QLD | Murweh | $127,500 |
| WA | Coolgardie | $130,750 |
| NSW | Broken Hill | $170,000 |
| TAS | West Coast | $170,000 |
| NSW | Cobar | $180,000 |
| VIC | Hindmarsh | $187,500 |
| QLD | North Burnett | $192,500 |
| VIC | Buloke | $195,000 |
| SA | Port Augusta | $200,000 |
| SA | Port Pirie | $200,000 |
| VIC | Yarriambiack | $200,000 |
| QLD | Balonne | $203,500 |
| SA | Tatiara | $215,000 |
| SA | Whyalla | $216,500 |
| QLD | Banana | $227,500 |
| SA | Wakefield | $233,000 |
| QLD | Charters Towers | $235,000 |
| QLD | Hinchinbrook | $240,000 |
| QLD | Burdekin | $250,000 |
| SA | Coorong | $250,000 |
Another popular location in NSW has proved to be Warrumbungle in the central west, between Tamworth and Dubbo, where homes are priced around $256,500, and that’s after the stunning price lift of 31.5 per cent since June 2021.
“We had a lot of inquiry during COVID and we’re still getting a fair bit now,” said Jane McWhirter of Davidson Cameron & Co.
Source: Domain