Five regional apartments for less than $300,000

Five regional units for less than $300,000

Regional Australia's recent real estate boom may have you putting your home ownership aspirations to one side, but there are still parts of the market where you can get a foot on the property ladder for less than $300,000, if you're willing to consider investing in a unit instead of a house.

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We've rounded up some of the most affordable apartment listings, including townhouses, currently on the market. All median house prices listed are sourced from CoreLogic.

Price guide: $195,000 to $210,000

Ballarat Central median house price (CoreLogic, June, 2021): $630,000

Ballarat Central median unit price (CoreLogic, July, 2021): $355,000

This one-bedroom, one-bathroom apartment in Ballarat Central would make an ideal investment property or first home, according to the listing.

Offered with vacant possession, it has an estimated rental valuation of $190 to $200 a week and is located within an easy walk of the Federation University campus and shops.

Listing agent Dale Van Duin of Harcourts Ballarat said that there had been 23 enquiries on the property with five interested parties.

He said that it was "rare" to find a property in the Ballarat market that still yielded around 5 per cent, with all of the interested parties looking to keep the unit as an investment property.

Price: $225,000 to $240,000

Dubbo median house price (CoreLogic, July, 2021): $409,000

Dubbo median unit price (CoreLogic, July, 2021): $272,500

Tenanted until May 2022 and currently producing $265 per week in rental income, this two-bedroom Dubbo apartment could be an ideal entry-level investment.

Features include separate laundry room, electric cooking, breakfast bar and timber-look flooring.

It's listed with Samuel Shooter of S.J. Shooter Real Estate.

Price guide: $235,000-plus

Devonport median house price (CoreLogic, June, 2021): $350,000

Devonport median unit price (CoreLogic, June, 2021): $284,250

This two-bedroom, ground floor unit in Tasmania's Devonport was recently subject to an extensive renovation, according to the listing.

Offered unoccupied it has a projected rental value of around $270 per week.

Features include a new kitchen and wardrobes to both bedrooms.

It's listed with Tony Reid of Halliwell Property Agents.

Price: $299,000

Moving to the upper end of our $300,000 budget could score you a three-bedroom, townhouse-style property in the NSW city of Tamworth.

Featuring a separate kitchen, lock-up garage and second downstairs toilet, the property is currently tenanted at $320 per week.

It's listed with Jason Wherritt of Burke & Smyth.

Price: $199,000 each

Warrnambool median house price (CoreLogic, June, 2021): $450,000

Warrnambool median unit price (CoreLogic, June, 2021): $345,000

There's not one but two properties available for sale at 8 Denney Street in Warrnambool, and at $199,000 a piece you could snap up both for less than it would cost you to buy one house in many parts of Australia.

Each flat is currently returning $160 a week in rent and are centrally located, according to the listing.

They are on the market with Fergus Torpy of Ray White Warrnambool.

This story Five regional units for less than $300,000 first appeared on Illawarra Mercury.