On the hunt for an affordable property in Canberra? We know that finding the right property can be overwhelming, especially when you’re on a tight budget, especially when it comes to the crazy Canberra property market.
That’s why we’ve put together a list of 10 cheap houses for sale in Canberra that have recently been on the market throughout Canberra.
Known for its high quality of life, low crime rate, and excellent education and healthcare systems, Canberra is a great place to live for families and professionals alike.
It’s no surprise that the ACT capital has been named the best place to live in Australia for several years in a row.
However, with the median house price in Canberra currently sitting at $946,022, finding an affordable property to buy or even cheap rent in Canberra can be a challenge. That’s why we’ve put together this list of cheap houses for sale in Canberra to help you find your dream home without breaking the bank.
With most of these available and recently sold properties sitting below the median house price, you have a better idea of what to expect in terms of price and features.
And just in case you’re not ready too buy a home yet, we’ve also got a round up of cheap rentals in Canberra to tide you over.
Broaden Your Knowledge: Alongside this article, our specialized resource on buy a house in Canberra offers more in-depth information to assist your decision-making.
So, let’s take a look at these options for your new home in our nation’s capital!
Cheap houses for sale in Canberra under $600,000
$545,000 – 22/363 Mirrabei Drive, Moncrieff, ACT, 2914, Australia
Size: 2 bedrooms, 1 bathroom
Looking for a modern and stylish townhouse that promises a low-maintenance lifestyle? Search no further! This cleverly designed two-bedroom townhouse is perfect for first home buyers, downsizers, or investors. It’s also the most affordable out of our cheap houses for sale in Canberra!
The open-plan living and dining area, which flows seamlessly into the courtyard, is perfect for entertaining or just relaxing after a long day. You’ll love the contemporary kitchen with its stone bench-tops, gas cooktop, and integrated dishwasher – perfect for whipping up a gourmet meal!
Located in the desirable suburb of Moncrieff, you’ll enjoy easy access to a range of local facilities, including parks, walking trails, and the picturesque “One Tree Hill” lookout. The Gungahlin Town Centre is just a stone’s throw away, providing you with even more amenities and conveniences.
Wondering if Moncrieff is one of the suburbs to avoid in Canberra? Check out our guide to find out!
Check out more houses for sale in Moncrieff ACT.
$549,000 – 6/139 Macfarlane Burnet Avenue, Macgregor, ACT, 2615, Australia
Size: 2 bedrooms, 1 bathrooom
On auction Saturday, 11 March 2023.
This well-presented townhouse in Macgregor is perfect for those who love a low-maintenance and peaceful lifestyle. With two good-sized bedrooms, an open-plan living area, and a functional layout, this townhouse offers both comfort and convenience.
You’ll love the north-facing courtyard, gas cooktop, secure single garage with internal access, and reverse cycle air conditioning.
Plus, with parks, walking trails, bike paths, and a golf course all nearby, you can enjoy the outdoors while being just minutes away from shops and amenities.
Check out more houses for sale in Macgregor ACT.
$579,000 – 61 Burrumarra Avenue, Ngunnawal, ACT, 2913, Australia
Size: 2 bedrooms, 1 bathroom
Looking for a modern and convenient home that’s ready to move straight into? Look no further! This house boasts an abundance of natural light, flowing seamlessly throughout the open-plan living and dining areas. With quality stainless steel kitchen appliances and fully fenced private courtyards, you’ll love entertaining family and friends.
This home is perfect for first home buyers, investors, or downsizers. Plus, with great schools, open spaces, and playgrounds nearby, you’ll have everything you need. And with the Ngunnawal Shopping Centre just a short drive away, you’ll have easy access to all the basics. This property is also a separate title, so there’s no need to worry about body corporate fees.
Featuring easy-care tile and carpeted floors, central heating, and insect screens for summer comfort, this home offers both comfort and convenience. The master bedroom includes full-length built-in wardrobes, while the fully tiled family bathroom boasts a combined bath and shower. With a huge courtyard and internal access to the garage, this home has it all.
And if you’re looking for dining options, you’re in luck – there’s a great variety of options just a short stroll away. Plus, with the city just 12 kilometers away, you’ll have easy access to all the excitement and entertainment it has to offer.
Check out more houses for sale in Ngunnawal ACT.
Cheap houses for sale in Canberra under $750,000
Sold – 8 Berkeley Street, Dunlop, ACT, 2615, Australia
Size: 3 bedrooms, 1 bathroom
This stunning property, recently sold at auction on March 1 for between $700,000 and $750,000 (approx.). The new home offers generous size, separate living areas, and plenty of outdoor entertaining space – perfect for those who love to entertain and enjoy the outdoors. With its neat and modern updates, you won’t have to lift a finger when moving in!
The open-plan style living and dining space is well laid out, creating a sense of space and flow. Plus, with the bonus addition of a second living area, study, or kids’ hangout space off the main living area, there’s plenty of room for everyone. The kitchen is also practical and well-appointed, with plenty of bench space, great storage options, and a breakfast bar.
The bedrooms are all well-sized and come with large built-in robes, with the master bedroom boasting a private and leafy outlook from the front of the house. The bathroom is similarly well-appointed, with a large shower and plenty of natural light thanks to a large skylight.
Outside, the covered outdoor entertainer’s deck flows seamlessly from the main dining area, creating the perfect opportunity for year-round entertaining with family and friends. The backyard is large enough for kids and pets to run around in, while still maintaining a low-maintenance approach for a carefree lifestyle.
Features of this property include 124m2 of internal living space, a 362m2 block size, timber flooring, ducted gas heating, ducted evaporative cooling, and close proximity to local schools, shops, and parks. With the Belconnen and Casey Town Centers just a 15-minute drive away, you’ll have everything you need right at your fingertips.
Check out more houses for sale in Dunlop ACT.
Above $699,000 – 28 Eric De Salis Street, Macgregor, ACT, 2615, Australia
Size: 3 bedrooms, 1 bathroom
Located on a quiet street in the sought-after suburb of New Macgregor, 28 Eric De Salis is the perfect family home in an ideal location. With parks, walking trails, and schools just a stone’s throw away, this property offers convenience and comfort at an unbeatable price.
Inside, the open-plan living area is filled with natural light from large windows and a glass sliding door that leads out to a decked entertaining area. The spacious kitchen overlooks the lounge and dining areas, providing plenty of bench and cupboard space.
The main bedroom is segregated at the front of the home, offering a large ensuite and built-in wardrobe for extra storage. The other two bedrooms are tucked away at the back of the house and also feature built-in robes.
The main bathroom boasts both a shower and bathtub, with a separate toilet and laundry with external access for added convenience. Plus, with a single garage with internal access and a gas wall furnace for the colder months, you’ll have everything you need at your fingertips.
The current owners have loved this home but have simply outgrown it, and are excited for a new owner to take over and create many new future memories. Don’t miss out on this opportunity to make this wonderful property your own!
Features of this property include a main bedroom with built-in robe and ensuite, open-plan living, a decked entertaining area, a garage with internal access, gas heating, built-in wardrobes in all bedrooms, a bathroom with a tub and separate toilet, and a laundry with external access. Plus, with close proximity to parks, shops, and schools, you’ll have everything you need in your backyard.
Check out more houses for sale in Macgregor ACT.
$699,000 – 12 Sisely Street, Macgregor, ACT, 2615, Australia
Size: 3 bedrooms, 1 bathroom
This extensively renovated three-bedroom house in Macgregor offers low maintenance living without sacrificing amenity or lifestyle. The open-plan living and dining area seamlessly transitions into a kitchen with plenty of cabinets, counter space, gas cooking, and a dishwasher. All three bedrooms feature built-in wardrobes and the bathroom includes a shower, toilet, and bathtub. A separate laundry room leads to the private yard.
For comfort, the living room is equipped with gas heating and a reverse cycle air conditioner. A single lock-up garage with internal access provides secure parking, while the rear courtyard offers potential for a garden haven or outdoor living space.
With high-quality flooring, window treatments, and lovely plantation shutters throughout, this home is move-in ready. Plus, with a solar system, extra storage cabinet, and garden shed, this home is perfect for first-time homebuyers or downsizers.
Features of this property include extensive renovations, freshly painted interior, new blinds and flooring, new appliances, three bedrooms with built-in robes, open-plan living and dining area, gas cooktop and electric oven, dishwasher, bathroom with bathtub, solar system, extra storage cabinet, gas heating and reverse cycle air conditioning, separate laundry, single garage with internal access, and a spacious rear courtyard.
Check out more houses for sale in Macgregor ACT.
Cheap houses for sale in Canberra under $800,000
Between $700,000 and $750,000 – 37 Bunima Crescent, Ngunnawal, ACT, 2913, Australia
On auction Saturday, 11 March
Size: 3 bedrooms, 2 bathrooms
This elegant and low-maintenance single-story home offers comfort and convenience in a top location. With three bedrooms and pristine condition, it’s an ideal investment or first home for young families.
The landscaping is also low maintenance, making it easy to enjoy the outdoor space. The property is ideally located near schools and shops, and just a short drive to the amenities of both the bustling Gungahlin Town Centre and Casey Market Town.
Ngunnawal is a peaceful and family-friendly suburb located in the northern part of Canberra. It’s known for its affordable home prices compared to the more pricey suburbs of Canberra like Forrest.
It offers a relaxed lifestyle with easy access to a range of amenities, including local shops, schools, parks, and public transport. Ngunnawal is a great choice for those who want a quiet and friendly community, while still being close to the conveniences of city living.
Check out more houses for sale in Ngunnawal ACT.
Above $750,000 – 6 Kingston Street, Evatt, ACT, 2617, Australia
SIze: 3 bedrooms, 1 bathroom
The current owners of this wonderful home have enjoyed it for the last decade, but have now outgrown it and are looking for the next family to make their own memories here. With a few minutes walk to the local primary school and a securely enclosed yard, it’s the perfect place for kids to play and run around.
The light-filled living spaces and north-facing entertaining deck were some of their favourite features where they could soak in the sun and relax while watching their children play. This secure and friendly neighbourhood is ideal for families and conveniently located just a few minutes drive from both Belconnen and Gungahlin town centres.
Highlights include newly renovated kitchen with quality appliances, fresh carpets, newly painted inside and outside, solar panels, and a double undercover carport.
Check out more houses for sale in Evatt ACT.
On auction – 2 Stump Jump Crescent, Dunlop, ACT, 2615, Australia
Size: 4 bedrooms, 2 bathrooms
On auction 15 March 2023
This is a great family home with plenty of space and a large corner block (790m2). The 4 bedrooms all have built-in robes and the main bedroom features a walk-in-robe and ensuite, opening onto the alfresco.
The recently recarpeted home also boasts a security system and ducted gas heating and evaporative cooling for year-round comfort. Dunlop is a convenient suburb with a modern Woolworths, parks, and walking trails nearby. Features include an oversized kitchen, double lock up garage, and 2,000L rainwater tank servicing toilets and laundry.
Check out more houses for sale in Dunlop ACT.
UV at $880,000 – 35 Jefferis St, Torrens, ACT, 2607, Australia
Size: 3 bedrooms, 1 bathroom
A well-maintained ex-government home with only one owner is located in a sought-after, quiet loop street in Torrens. With an Unimproved Value estimate of $880,000 and the upcoming Tram Line nearby, this property is expected to appreciate significantly in the coming years.
The newly renovated house features a renovated kitchen with new appliances, separate lounge, three bedrooms, new bathroom, new carpets, and hard flooring in the living areas. The large flat backyard has potential for future extensions, and a deep single garage contains power and lighting. Within walking distance to several schools, shops, and reserves. Close proximity to Southlands Mawson, Westfield Woden, and Canberra Hospital.
Check out more houses for sale in Torrens ACT.
FAQs on cheap homes in Canberra
What are the cheapest suburbs in Canberra?
The best suburbs in Canberra might not be the most affordable suburbs in Canberra, some options to consider include Charnwood, Macgregor, Ngunnawal, and Richardson.
Of course, the cost of housing can vary widely depending on a number of factors, so it’s always a good idea to do some research and work with a local real estate agent to find the best options for your budget.
Will Canberra house prices drop 2023?
Similarly, predicting whether or not house prices will drop in 2023 is challenging. According to Property Update, Canberra has been one of the strongest performing capital cities in the housing market. Prices increased by a whopping 25.5% in 2022.
That being said, if you’re considering buying a home in Canberra, it’s always a good idea to do your due diligence and research the market carefully.
How much does a house cost in Canberra?
In terms of the cost of a house in Canberra, the average price can vary widely depending on factors like location, size, and condition. According to recent data, the median house price in Canberra is currently around $950,000, but there are many homes available at a range of different price points. Again, working with a local real estate agent can help you find the best options for your budget and preferences.
