Data reveals 43 suburbs with house medians below $300,000

ANALYSIS

If you thought buying a house in Australia meant spending upwards of a million dollars, think again.

New PropTrack data has revealed dozens of regional towns across the country where homes are still selling for under $300,000, including one location with a rock star connection.

Bear in mind, Australia’s cheapest markets are priced that way for a reason. They may have a lack of demand from other buyers due to falling population, a lack of employment opportunities, or because a nearby mine has closed down.

But if a cheap house is what you’re after, there are 43 suburbs across the nation that fit under that $300,000 price bracket.

The most affordable market is in the outback South Australian town of Coober Pedy, where the median house price is just $77,500. Known for its opal mi