Despite the realities our bank balance may command, we can’t help but wonder what sort of home $1million dollars could buy.
Around Australia, $1million dollars will buy you very different kinds of properties. In some cities, the inordinate number affords you crumbling squalor or what is known as a “renovators dream.”
In others, you’ll be looking through a mini-mansion with a backyard and sprawling bathroom.
Sadly, the latter is increasingly rare with the eye-watering average national house price steadily increasing.
Check out the differences in the homes below.
.PNG?resize=380%2C285)
Sydney, Australia
As of December 31st, 2017 the average price of a Sydney home was listed as $895,324 according to Corelogic.
So it’s not surprising that the below for sale home made headlines for it’s outrageously derelict quality and shockingly high price.
The dual level terrace located in Newtown in Sydney was in such a bad state people had to sign a waiver before they entered – but was still priced at $1million dollars.
Gulp.
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
Brisbane, Australia
Brisbane’s average home price is considerably lower than Sydney’s.
You’ll be looking at $491,391 as an estimated average, but here’s what you can get for $1million dollars.
This property is a brand new two bedroom two bathroom unit in Brisbane city with botanical views, PLUS access to a pool and fitness center.
When can we move in?
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
Melbourne, Australia
Melbourne is often on a par with Sydney real-estate prices, with the average cost of a home can be between $900,000 and $800,000.
The homes available vary just as much as Sydney in condition – this Timeless Terrace house sold for $1,210,000 and is located just out of Melbourne city in Fitzroy North.
The 2 bedroom, 1 bathroom home has a sprawling courtyard and newly renovated interiors – not too shabby!
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
Adelaide, Australia
Ahh, Adelaide – where it was actually difficult to find a home that valued at $1million.
It makes sense then the median home sale in the metro area of Adelaide is just $465,000, as of December 2017.
The closest we could find to the $1million price range was the below home, located just outside of Adelaide city in St Peters and priced at $995K.
The 1890’s Bluestone Villa has 4 spacious bedrooms, 1 bathroom with a spa bath, massive backyard and a lock up garage.
A dream come true.
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
Hobart, Australia
A home in beautiful Hobart will set you back $807,500 on average, and the metro area is considered a high demand market.
The below home is located in West Hobart and will only consider offers over $1.2 million.
For that price you’ll be getting 4 bedrooms, 2 bathrooms THREE car spaces.
Yep, 3.
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
Perth, Australia
It may seem far away, but Perth is considered something of an oasis in the property market – simply because it’s one of the only capital city markets not in high demand.
The average cost of home in the Western Australian city is still huge at $841,000 for a home in the metro area.
The following Burswood home is priced at $1,188,000 for 4 bedrooms, three bathrooms and two car spaces. There’s also a a sizeable courtyard and the home is split over three levels.
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
Canberra, Australia
Canberra’s average house price reached over $700,000 for first time ever in April 2017. The cost of a buying a home in Canberra remains under $800,000, making it marginally cheaper than other capital cities around Australia.
This home is located in Griffith and has 6 bedrooms, lush gardens, two bathrooms and one car space – all for less than $1million!
There’s is a slight catch, the interior does look a little like it was decorated by your Mum…
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
Darwin, Australia
The Darwin housing market is considered to be low demand and as of December 2017 the average cost of buying a home was just $515,000 second lowest only to Adelaide.
Which means our $1Million budget can buy you quiet a lavish spread.
The below waterfront property features 4 bedrooms, a pool, 4 bathrooms and two car spaces.
image credit realestate.com.au
image credit realestate.com.au
image credit realestate.com.au
