Five under $500,000 - February 4, 2019
Millennials, this is your year. House prices have cooled in some states so we’re in a buyers’ market. If you have a deposit on your hands, now could be the time to hand it over. And it you don’t, save your little heart out and try to get in before we come out of the slump. If this guy in Sydney can do it, maybe you can too.
Here’s a bit of inspo for you.
8 Coal Mine Road, Saltwater River, Tasmania
About an hour and a half from Hobart, you’ll find this magnificent waterfront gem, priced from a very attractive $345,000. It has two-bedrooms, a pretty basic kitchen, living area and one bathroom. But you needn’t worry about the motel-style interior. You’ll either be sitting around the fire pit or stepping straight from the backyard onto the beach. It’s serene, but there’s also a pub just 10 minutes away, so you’re never far from a coldie. When you’re not there, whack it on Airbnb. Places around these parts bring in between $80 and $200 a night.
15 Exhibition Road Mount Barker, SA
We try not to play favourites, but we’re a bit in love with this circa 1900s cottage about 33-kilometres out of Adelaide. The recently restored three-bedder has high ceilings, timber floors and twin French doors that open out to the alfresco area. There’s also an adorable office out the back, plus a chook pen and a cubby house for the cherubs. It’s going for between $435,000 to $455,000.
12/36 Waterloo Crescent, St Kilda
You guys, this is ridiculous. Although this one-bedder is small, it’s on the market for a steal: $225,000 - $245,000. It’s on the first floor of a small block, has a balcony and a car park. This strikes us as a good deal, because last year a smaller studio nearby sold for $340,000, so this one’s worth a squiz. Just check the body corp fees and make sure the building is in good shape before you leap to make an offer.
4/16 St Neot Avenue, Potts Point, Sydney
Meanwhile, in Sydney, it’s still almost impossible to find a place near the city for less than half a mill, but this one-bedder in an Art Deco block of eight could be a go. It has a sweet modern kitchen and bathroom. Sure it’s a lot for what it is (the asking price is a bit over $500,000), but you’re snagging a spot in a vintage block that’s ready to move into. The alternative in this hood is a studio going for $480,000+. At least if you choose this one you get an actual bedroom.
50 Ferrier Street Lockhart, NSW
This little shack needs a shitload of work, but it’s going for just $98,000. Yeah, you’ll need to get on the tools, but just imagine what she’d look like with a bit of elbow grease. It has three bedrooms, a dining room, rock solid combustion stove and open fire place. Definitely worth a second glance… if you’re prepared for a total lifestyle overhaul, because it’s about 40-minutes out of Wagga Wagga and three hours from Canberra.