The 12 Final Suburbs Where You Can Snag a Home for Under $500,000

9

Affordable Suburbs in Capital Cities Under $500,000

Several suburbs across Australian capital cities offer median house prices below $500,000, making them attractive options for homebuyers. Below is a selection of these suburbs:

1. Smithfield Plains, SA – Median price: $500,000; Distance from CBD: 25.77 km
2. Elizabeth Downs, SA – Median price: $500,000; Distance from CBD: 23.36 km
3. Osborne Park, WA – Median price: $498,000; Distance from CBD: 3.72 km
4. Laidley, QLD – Median price: $495,500; Distance from CBD: 59.12 km
5. Melton South, VIC – Median price: $495,000; Distance from CBD: 33.99 km
6. Woodridge, QLD – Median price: $495,000; Distance from CBD: 16.43 km
7. Northbridge, WA – Median price: $493,250; Distance from CBD: 0 km
8. Davoren Park, SA – Median price: $482,500; Distance from CBD: 23.45 km
9. Midland, WA – Median price: $482,500; Distance from CBD: 12.48 km
10. Melton, VIC – Median price: $465,000; Distance from CBD: 30.60 km
11. Elizabeth North, SA – Median price: $451,750; Distance from CBD: 22.80 km
12. Berrimah, NT – Median price: $250,000; Distance from CBD: 6.15 km

These suburbs highlight the potential for affordable housing options within proximity to capital cities.

Source: Domain House Price Report Dec 2024