Ah, the classic rite of passage that is buying a home. For most of us, this signifies the achievement of an ultimate goal. We can finally rest easy, knowing that a roof over our heads means we’ll never be without shelter. So since we’ve covered what $250,000 will get you in real estate, what if we look at 500k houses for sale? Do you get double the real estate for double the price?
We’ve been hearing about the voracious property market all year round, and the proof is in the pudding. In 2021, house prices in Sydney rose over 24%, with 15% in Melbourne 15% 20% in Brisbane. So where exactly does this leave a buyer in this market?
With higher prices comes a higher deposit. How much deposit for a $500k house? Experts would recommend at least 20%, which amounts to $100,000. So if you’re on the hunt for ways to save up, we’ve got you covered.
So we’re rounding up all 500k houses for sale in nine different Australian cities.
But if real estate isn’t your bag right now, you could also use your $500,000 to snag the 2021 Lamborghini Huracan STO. Or for something that you can hand down to future generations, perhaps the Hermès Himalaya Birkin bag. The choice is yours.
A 500k House for Sale in Sydney
- Price Guide: $500,000
- Size: 1 bedroom, 1 bathroom
We kick things off in the most expensive city in Australia—Sydney. You’re on the sixth floor of an inner-city apartment building here, near all the best amenities like public transport, shops and eateries. While you might be paying top dollar for a relatively small unit, it also comes with a shared swimming pool, gym, and BBQ entertainment area.
A 500k House for Sale in Melbourne
- Price Guide: $490,000 – $515,000
- Size: 2 Bedroom, 1 Bathroom
With the same price tag in a different city, you’re getting an extra bedroom. This modern and cosy 2-bedroom apartment sits in the thick of the city. Alongside the luxury amenities of apartment buildings, offerings include high-rise views that stretch all the way to Port Philip.
A 500k House for Sale in Brisbane
- Price Guide: $500,000
- Size: 3 Bedrooms, 2 Bathrooms
Tucked away in a quiet residential block, you’ll find this sunlit Brisbane apartment. For the same price, we’re already in a larger space spanning 159m2 with a whole extra bedroom.
A 500k House for Sale in Perth
- Price Guide: $500,000
- Size: 2 Bedrooms, 2 Bathrooms
A cosy little kitchen and open-plan living and dining make this Perth apartment perfect for couples and those living solo. The building’s facilities are one of the main draws, but so is the convenience of nearby public transport, cafes and entertainment.
A 500k House for Sale in Adelaide
- Price Guide: $475,000-$495,000
- Size: 2 bedrooms, 2 bathrooms
Here’s a lovely north-facing apartment that captures all the sunlight as well as sweeping views. The unit is ideal for those wanting to be at the centre of it all—just below you are Central Markets, China Town & bustling Gouger Street.
A 500k House for Sale in Gold Coast
- Price Guide: $490,000
- Size: 2 Bedrooms, 2 Bathrooms
This little gem boasts a number of charms—from the leafy balcony view, to the two ensuite bedrooms and our personal favourite, a short 200 metre stroll to the boardwalk. What more could you ask for?
A 500k House for Sale in Hobart
- Price Guide: $495,000
- Size: 2 Bedrooms, 1 Bathroom
A warm, inviting home in a town that’s getting all the buzz. We quickly took to this little home just a short walk to Carlton Beach. Private, yet minutes away from restaurants, shops and highly sought-after schools.
A 500k House for Sale in Cairns
- Price Guide: $450,000
- Size: 3 Bedrooms, 1 Bathroom
This 3-bedroom house proves that $500,000 in real estate truly varies from city to city. Out of the nine cities and nine 500k houses for sale, this is the largest. With beautifully polished floorboards throughout and tons of storage space, this house can be moved into instantly or redesigned to suit even bigger families.
A 500k House for Sale in Darwin
- Price Guide: $500,000
- Size: 2 Bedrooms, 2 Bathrooms
In this stylish modern complex, you’re a little further away from downtown but close to the beach. The resort-style facilities will keep you feeling like you’re on vacation all year-round.
Looking for more 500k houses for sale, browse our search page to check out some amazing listings available right now. But don’t just stop there, download our app to get the full Soho experience. Just remember to shortlist or swipe left on our listings so we can send you others that better match what you’re looking for.