Buy a house for under $50,000

Bargain basement homes (that you can really live in!)

In these crazy times where median house prices have soared well out of the reach of most average-earning Aussies, believe it or not, there are still a few bargains waiting to be snapped up.

Okay, so you won’t be living in the lap of luxury, but for less than $50,000, you could be a home owner!

Each of these is an actual house – no caravans or sheds here! – and is in liveable condition.


Ah, the serenity!

  • Potential home owners in sunny Queensland should head outback and check out this two-bedroom cottage in peaceful Muttaburra for $48,000.
  • You’ll have over 1,000m2 of your own land and a quaint cottage featuring french doors leading onto your front verandah, and an open plan kitchen and living area.
  • Or if you need an extra bedroom and can scrape another $10,000 together, how about this home in Mitchell, asking $60,000.
  • Also on over 1,000m2 of land, this character laden home has lots of beautiful original features include ceiling roses and intricate woodwork above doorways – and it was once the local Ambulance Station!


If you’re not afraid of getting your hands dirty with a little DIY, check out these renovator’s delights in Victoria.

  • This 2 bedroom cottage in Birchip in the Mallee region is just down the road from the local school – and it’s already got split system air conditioning installed!
  • Sure, it needs a little work to knock it into shape – but with a price tag of $39,000, you could be a home owner.
  • Or head further west to Jeparit – birthplace of former Prime Minister Sir Robert Menzies.
  • Here you could have your very own renovator’s delight on over 1,000m2 for just $45,000.
  • The home needs lots of TLC but there’s 3 bedrooms and 2 separate sheds on the property, so it’s a great start!

New South Wales

You might be surprised to learn that you can buy a house in NSW for under $50,000!

  • Simply head to Broken Hill to strike gold.
  • There’s a couple of options here, including this $30,000 cottage in the centre of town. Sure, some of the floors are missing – but if you’re up for some DIY, you could have it ship-shape in no time!
  • Or check out this 3 bedroom character filled home next to the local school. This also needs a lot of love – but it’s in a great location and had lots of potential.
  • Or consider this cottage in Gulargambone, three hours north of Mudgee. Reduced to just $45,000, it offers 2 bedrooms and a sleep-out, along with a functional kitchen (with new fridge!) and bathroom/laundry (with new washing machine!).

Western Australia

For a bargain in WA head to Norseman, 726 kilometres east of Perth at the start of the Eyre highway.

South Australia

  • Fancy an underground house? Head to the mining town of Cooper Pedy and check out this 5 bedroom ‘dugout’.
  • Sure, it’s not quite a house yet, but it’s certainly got the makings of one – and it’s priced at only $25,000.
  • If living above-ground is more your thing, head to Lock on the Eyre Peninsula, where you can snap up this 3 bedroom air conditioned home for just $40,000.
  • And in Wirrabara this gorgeous old stone house is on 2,860m2 and priced at just $45,000 – but it is of course in need of a lot of TLC.


To nab a housing bargain in Tassie, head to Rosebery on the west coast.