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7 Touristy towns around Australia to buy property under 500K

By Georgia Parry

Promoted by Lendi.

Despite the expensive nature of property in Australia, there are still deals to be found for less than 500k in Australian towns with growing tourism industries.

If you’re looking to invest in a holiday house in a popular tourist destination, it can turn into an expensive venture, but don’t worry.  Despite the expensive nature of property in Australia, there are still deals to be found for less than 500k in Australian towns with growing tourism industries.

Smiths Lake, New South Wales

Due to its prime location and proximity to popular waterways such as Myall Lakes and Wallis Lake, and beaches like Cellitos Beach, Blueys Beach and Boomerang Beach, Smiths Lake is a small but popular tourist attraction with a population of 1,077. The median sales price of houses in the area is $422, 500, while the number of investors already buying in the area, according to the 2011 census is growing. Surrounded by lush coastal forests and some of the most magnificent waterways in NSW, rental prices in the area are on the way up.

Bendigo, Victoria

Bendigo made its mark on the world 150 years ago after the gold rush. Large quantities of gold were found in Bendigo between 1850 to 1900, more than anywhere else in the world, and the Central Deborah Gold Mine, which still operates today and attracts a steady tourist trade from all over Australia. This along with the vintage trams, historic gold rush era architecture, and the Golden Dragon Chinese Museum are a few of the reasons why Bendigo is a brilliant holiday location, hence why investors ownership in Bendigo as of 2011 was at 46.4%.

Margaret River, Western Australia

Located several kilometres to the south west of PerthPerth, TAS Perth, WA is Margaret River, a compact but diverse tourist location that offers a variety of attractions. The median sales price of houses is $490,000. Visitors to the region have access to some of Western Australia’s premium wineries, microbreweries, beaches and forests, giving the Margaret River the luxury reputation it deserves. The combination of plentiful amenities and the beauty of the region only increases its appeal. The town stretches between two lighthouses north and south, and its waters host migratory whales from June to November, drawing crowds from all over Australia.

Port Lincoln, South Australia

Another city worth looking into is Port Lincoln. Located in the Eyre Peninsula, South Australia, it’s sometimes known as the ‘Seafood Capital of Australia’ and a popular destination for tourists. Established 1802, Port Lincoln was originally considered an alternative site for the state's capital, Adelaide. The median sales price for homes in the area is $314,500, while the number of investor owned properties in the area sat at 39.9% as of 2011. With a population of 14,500 people, Port Lincoln overlooks Boston Bay and boasts the largest fishing fleet in the southern hemisphere.

Stanthorpe, Queensland

Stanthorpe is located south-east of Queensland. Founded by tin miners, the town was celebrated for being the largest mineral field in Queensland and its alluvial tin mining. Nowadays, the area is recognised for its winemaking and diversity of produce. Situated at the heart of the Granite Belt, its picturesque views and productivity have earned Stanthorpe its name as a popular tourist destination. The median sales price of houses in the area sits at around $231,000 and with an already growing rate of investor ownership. From wineries and microbreweries to a spectacular countryside inhabited by balancing prehistoric granite boulders, Stanthorpe is a holiday destination perfect for both relaxation and those with an adventurous palate.

Coles Bay, Tasmania

The beauty of Coles Bay is renowned and revered, and that, of course is thanks to its stunning beaches and scenic views. Coles Bay is an idyllic seaside town overlooking Oyster Bay with a median house sales price of $387,000. The town is the main entry point to exploring the Freycinet National Park, and on the list of top ten beaches in the world, Wineglass Bay. A must visit destination for tourists to Tasmania, they flock from all over the world for hiking, kayaking and the obligatory Instagram snap of the iconic bay.

Katherine, Northern Territory

The Katherine region covers approximately 241 square kilometres, in which there are 11 national parks to explore. The median sales price of homes in the area rounds off to $332,000. Known as the place ‘where the outback meets the tropics,’ Katherine is famous for its natural beauty, and is home to stunning waterfalls, gorges, thermal springs and never ending landscapes. Tourists visit the area to kayak, trek, fish, and delve into the local historical culture. With a range of activities to choose from and endless stunning vistas, it is no wonder that the town of Katherine, is an increasingly popular tourist destination.

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AUTHOR:

Georgia Parry is a content writer at Lendi.com.au, Australia’s largest online home loan platform. Lendi makes it simple to get a better investment property loan online.

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podcast

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Many investors who would have been successfully approved for finance last year are struggling now to either begin or continue their property investment journey because of the current financial climate.

In this episode of the Smart Property Investment Show, broker John Manciamelli and Momentum Media director Alex Whitlock joins host Tim Neary to discuss how APRA changes and the royal commission have resulted in a tighter lending economy and what that means for Australian investors.

They discuss what traps investors should avoid if they are trying to obtain finance, the four key growth drivers in a property market and unpacking trust structures while revealing one type of trust that you should miss.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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When buying property, it’s important to focus on what’s important. Investor Katarina Taurian shares just what exactly is important to her: having the mindset of looking past superficial cosmetic matters and homing in on the structural suitability and potential of a property.

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In this episode of the Smart Property Investment Show, Katarina joins host Tim Neary to unpack her entry into the property market and experiences of rentvesting, and how the Smart Property Investment Show was vital  in a number of decisions which she made along the way.

Katarina discusses about the team that she had help her along the way, why she thinks that you should never skimp on a good solicitor and accountant, and the red flags which tell her why buying a new property doesn’t necessarily mean buying a better property.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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Why buying new property doesn’t mean buying better property
object(stdClass)#1356 (52) {
  ["id"]=>
  string(5) "18524"
  ["title"]=>
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  ["alias"]=>
  string(55) "busting-perceptions-of-a-doom-and-gloom-property-market"
  ["introtext"]=>
  string(187) "

Media hype would have you believe that the Australian property market is in dire circumstances at the moment and that there is no money to be made.  But is that really the case?

" ["fulltext"]=> string(3319) "

In this episode of the Smart Property Investment Show, regular guests Steve and Victor of Right Property Group join host Phil Tarrant to discuss the current state of the Australian property market as it is portrayed in the media, and analyse if things are as dire as we are being led to believe.

They will compare regional markets with capital cities as investment options, reveal some areas which they consider to be poor investments at the moment while also discussing some of the markets where they see future potential.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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AREAS MENTIONED: 

Hobart
Sydney
Perth
Brisbane
Shepparton
Cambridge Park
Geelong
Wollongong
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Newcastle
Orange
Dubbo
Bathurst
Armidale
Bendigo
Cairns
Ipswich
Emerald
Port Hedland
Surfers Paradise

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Busting perceptions of a doom and gloom property market

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