With the Federal Government rolling out major changes to the first home buyer scheme , many buyers are now hunting for properties that sit within the new state-based price caps.

As house prices continue to climb, townhouses are emerging as an appealing option by offering the chance to secure a home in a sought-after suburb without stretching the budget or giving up valuable space. They're also a smart choice for downsizers who want the ease of low-maintenance living, but prefer more room and privacy than an apartment can offer.

From a striking architectural townhouse in Thornbury to a stylish beachfront complex in Palm Beach, here are some of the best townhouses currently for sale across Australia.

View Living Senior Reporter, January Jones gives her pick of the property listings.

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