What $1 million buys you in the Australian property market
GOT money to spare or are you just hoping you win big in Lotto this weekend? Check out what $1m will buy you across Australia.
GOT plenty of money to spare or are you just hoping you might win big in the Lotto this weekend?
Well if your finances extend to $1 million or more, and you’re in the market for a new place to call home, what you money will buy in different parts of Australia can vary significantly.
From a unit in inner city to an entire farm in northern Victoria the one thing they all have in common is their million dollar price tag.
CHEAP HOMES: Near to capital cities
According to realestate.com.au there are 499 properties in the greater Brisbane area with a $1 million plus price tag.
These include a four-bedroom home at Allamanda Place, Chermside West, about 7km from the CBD. The ultra-contemporary home has a $1.01 million asking price.
The property has a huge storage room/wine cellar, multiple rooms with sound proof bi-fold doors, air conditioning, a swimming pool and is on 768 sqm
BUYING OR RENTING: realestate.com.au
BARGAIN SUBURBS: They exist but be quick
Much further north in Port Douglas, $1 million will buy you a three-bedroom villa within the Sheraton Mirage Port Douglas.
The villa is among 130 privately owned properties in the five-star resort which fronts a 2km stretch of beachfront land.
The villa is east facing and overlooks the par 3 eighth hole of the golf course. The total property area is 225sq m.
In Sydney offers over $1.075 million will snare you an apartment in Kent St which has one bedroom and two bathrooms.
The apartment in the Stamford Marque has views of the Harbour Bridge, city and western harbour. It has open plan living areas, two terraces and an internal laundry.
Head to northern New South Wales and a four-bedroom house in Sallywattle Drive, Suffolk Park in Byron Bay has a price guide of over $990,000.
The award-winning home is an open plan design, with a full-width outdoor deck.
There is an imported stone island kitchen, a home study and a pergola covered outdoor area.
In North Melbourne two terraces at Harker St are priced between $1.1 million and $1.2 million.
The two terraces are on one title and are suitable to renovate, rent out of redevelop subject to council approval.
The terraces are close the hospital and university. Each terrace has two bedrooms, a “serviceable kitchen” and bathroom and lane access.
Travel a lot further out of Melbourne and your money buys you a lot more.
For $1 million you can secure a farm at 268 Cottman Rd, Beverford Victoria.
The lifestyle property near Swan Hill in northern Victoria is on three titles and has storage dams, a large packing shed and a 30 pallet cool room.
The property is suitable for large scale vegetable production.
An apartment in Balfours Way, Adelaide in South Australia will set you back $1.15 million.
The Sky Home, sub-penthouse apartment is on the 17th floor of the Altitude building. It has three bedrooms and has city views. Balconies convert to all weather sun rooms.
The apartment has built in iPod stations and built in surround sound speakers.
In Port Lincoln, South Australia it’s hard to find any properties which sit just around the $1 million mark.
But a property with luxury eco-lodges and a homestead on 101ha in the region comes with a $1.49 million price tag.
The deal includes a homestead and two luxury eco lodges. There is a permanent billabong and walking trails on the property.
The development opened in 2009, and was awarded Best New Development at the 2009 South Australia Tourism Awards.
In Perth, a four-bedroom home at Palmerston St, comes with a $1.099 million price tag.
The home is on 486 sq m of land and would be suitable, to renovate, demolish and redevelop.
In up market Peppermint Grove a three-bedroom townhouse on Stirling Highway is priced at $1.095 million.
The home has been fully renovated including the installation of new bi-fold doors.
