Sydneysiders can still make a sea change or a tree change for under $750,000, if they’re willing to look beyond the commuter belt and further afield. Towns on the Mid North Coast of NSW would be within reach on that budget, although buyers are likely to be a few paces back from the sand. Nambucca Heads on the NSW North Coast.
Credit: A household in which one partner earns the average income and the other works half the week could borrow enough money to buy a home worth $756,250, recent modelling from comparison platform Canstar shows. That assumes they save a 20 per cent deposit plus transaction costs. If both partners work full-time, their budget would stretch to $1,075,000, although a single worker’s budget would be $465,000.
That budget would stretch to the median house in the Nambucca Valley Council, priced at $682,500 on Domain data for the March quarter. The MidCoast Council region, which includes Forster and Tuncurry, also has a median house price of $670,000. Buyers could also look inland and make a tree change to towns such as Orange ($687,500), Bathurst ($645,000), Wagga Wagga ($591,500), Albury ($581,000) or Tamworth ($510,000).
Sydney’s median house price is almost $1.63 million. PRD Real Estate chief economist Dr Diaswati Mardiasmo said, despite the return to CBD offices, it had never been a better time to move to regional Australia.
The tree change wave over the past few years had sparked the opening of new cafes and restaurants and prompted local areas to.
