Did you see? The demand for cheap houses for sale in rural Victoria has recently seen a huge spike. And we think we know why.
Before the interest rate raises started in May 2022, the interest rates were at a record-low 0.1%. Happy renters were suddenly seriously considering buying their first home because it was finally financially within their reach, and the Melbourne real estate market exploded. The best places to live in Victoria were getting even pricier.
Then, when the RBA continued to increase the rates, avid first home buyers got spooked. Living centrally became unaffordable once again, but the desire of home ownership was still there.
So what do you do when you want to buy a house but can’t afford the hefty price of city-living? You consider the regions. And, if you’ve already looked into the cheapest houses in Victoria, we’re coming in with our round up of cheap houses for sale in rural Victoria.
Don’t give up on your dreams just yet! These 7 affordable houses will inspire you to head out of the pricey hustle and bustle and into the regions.
Like a house but it’s been sold? Just set up your match profile on Soho and add the suburb to your interested areas. We’ll send you new listings as soon as they become available!
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Greater Shepparton VIC
- Price guide: $330,000 – $350,000
- Suburb median house price: $440,000
This appealing solid brick residence boasts a convenient central location and great street appeal. It’s sure to attract attention with its spacious layout and desirable features.
Highlights:
- Convenient location: Minutes from Victoria Park Lake, Maude St Mall, and Shepparton Marketplace, with nearby schools and childcare options.
- Spacious and versatile living: Open living area perfect for lounging or dining,plus a large secondary living area with a gas log fire for a cozy ambience.
- Comfortable bedrooms: Two generously sized bedrooms with built-in robes and ceiling fans for added comfort.
- Functional kitchen: Well-equipped kitchen with ample storage, bench space,electric cooking, and a dishwasher.
- Outdoor space: Huge carport providing shelter for multiple vehicles, plus additional shed storage.
- Land size: Set on a spacious 561m2 block.
Don’t miss out on this opportunity to own a charming and conveniently located home!
About the Suburb
Shepparton, the bustling heart of the Goulburn Valley, is a city with more to offer than meets the eye. Sure, it’s Australia’s food bowl, where orchards stretch as far as the eye can see and farmers markets overflow with fresh produce.
But dig a little deeper, and you’ll find a vibrant arts scene, a rich Indigenous heritage, and a surprising amount of cool.
Get around on the handy bike paths, soak up the sun at Victoria Park Lake, or catch a show at the impressive Riverlinks complex.
Foodies will revel in award-winning restaurants and the iconic SPC Ardmona factory outlet, while families can bond over mini golf and laser tag. Whether you’re seeking fresh air, cultural immersion, or simply a delicious adventure, Shepparton delivers.
Price guide: $445,000
This delightful 3-bedroom cottage in South Central Shepparton offers the perfect blend of character and modern convenience. With its close proximity to Victoria Park Lake and walking distance to the CBD, it’s an ideal location for nature lovers and urban explorers alike.
Highlights:
- Characterful charm: Clinker brick exterior, high ceilings, ornate period details,hardwood floors.
- Modern updates: New kitchen, bathroom, separate toilet.
- Spacious living: Open-plan living, dining and kitchen area, ideal for entertaining.
- Outdoor haven: Spacious rear yard with undercover area, perfect for relaxing or barbecues.
- Convenient location: Walking distance to CBD, undercover parking for two vehicles.
Perfect for:
- Those seeking a charming character home with modern updates.
- Nature lovers and outdoor enthusiasts.
- Families looking for a spacious and convenient location.
- Investors seeking a potential Airbnb opportunity.
See more homes for sale in Shepparton.
Mooroopna VIC
- Price guide: $275,000
- Suburb median house price: $395,000
Calling all handy homeowners and investors! This 3-bedroom house in Mooroopna presents a unique opportunity to renovate and unlock its full potential. While the property requires work due to past flooding, its prime location, spacious layout, and large block offer exciting possibilities.
Ready for your vision:
- 3 spacious bedrooms: Perfect for families or potential rental income.
- Large lounge and dining area: Ideal for creating a comfortable living space.
- 918 sqm block: Ample space for outdoor entertaining, landscaping, or future additions.
- Good shedding: Provides storage for tools and equipment.
- Central location: Close to Mooroopna Golf Course, Primary School, and amenities.
Note: The property requires renovation due to flooding in October 2022. Sanitation processes have already been completed.
About the Suburb
Mooroopna is approximately 150 km north of Melbourne. It is the largest town in the Shire of Campaspe, with a population of over 10,000 people.
Mooroopna is a relatively affordable place to live, with median house prices well below the Victorian average. The suburb also has a good range of rental properties available, making it a good option for people on a budget.
In terms of liveability, Mooroopna offers a variety of amenities and services, including schools, shops, restaurants, and cafes. The town also has a number of parks and recreation areas, making it a great place to raise a family.
One of the main benefits of living in Mooroopna is its proximity to Shepparton, the largest city in northern Victoria. Shepparton offers a wider range of amenities and services, as well as more employment opportunities.
See more houses for sale in Mooroopna.
Wodonga VIC
- Price guide: $355,000
- Suburb median house price: $529,000
This comfortable 2-bedroom unit ticks all the boxes for first-time buyers or investors. With its convenient location, modern updates, and easy-care layout, it offers excellent value and low maintenance living.
Highlights:
- Spacious bedrooms: Both with built-in robes for ample storage.
- Bright living & dining areas: North-facing for natural light and comfortable entertaining.
- Modern kitchen: Features good storage, electric stove, and floating floors.
- Updated bathroom: Includes bath, vanity, and separate shower.
- Climate control: Gas wall furnace and split system air conditioning for year-round comfort.
- Functional extras: Separate laundry, secure backyard with shed, gas hot water,undercover car space.
About the Suburb
What’s Wodonga like? Locals will say it’s a pleasant suburb, with enviable greenery, decent shopping and pubs and restaurants.
Straddling the Murray River on the NSW/VIC border, Wodonga is a dynamic city with a big personality. Shopaholics rejoice in the vibrant CBD, while outdoor enthusiasts can tackle the trails of Wodonga Regional Park or kayak down the mighty Murray.
Cycle paths weave through the city, making it easy to get around, and the Wodonga Bus Terminal provides connections to nearby towns. History buffs will love exploring the heritage-listed buildings, while families can have a blast at the Splash Aqua Park or the Wodonga Library’s interactive spaces.
Wodonga’s friendly atmosphere, diverse offerings, and stunning natural surroundings make it a top choice for those seeking a city with soul.
Price guide: $345,000
This neat and tidy 2-bedroom townhouse is perfect for first-home buyers, investors, or downsizers seeking a peaceful and convenient lifestyle.
Highlights:
- Modern & low-maintenance: Brick veneer construction, low-maintenance block,quiet cul-de-sac location.
- Spacious & comfortable: Two good-sized bedrooms with built-in robes, open living & dining area.
- Year-round comfort: Ducted evaporative cooling, gas heating, and solar panels for energy efficiency.
- Functional layout: Well-equipped kitchen with ample storage, separate laundry,single lock-up garage with internal access.
- Outdoor haven: Covered alfresco area, established gardens, lock-up garden shed, additional off-street parking.
- Bonus features: Walking tracks nearby, close to Federation Store for convenient shopping.
Ideal for those seeking a comfortable, easy-care home in a peaceful location.
See more properties for sale in Wodonga.
Warrnambool VIC
- Price guide: $340,000 – $360,000
- Suburb median house price: $612,500
Escape the ordinary and embrace a permanent vacation in this 3-bedroom home within the Hopkins River Holiday Park. Enjoy:
- Spacious living: Open-plan kitchen, dining, and lounge area for relaxing and entertaining.
- Modern kitchen: Full-sized with ample storage, bench space, and breakfast bar.
- Comfy bedrooms: Master with walk-in robe, 2nd & 3rd with built-in robes.
- Climate control: New split system air conditioning for year-round comfort.
- Resort-style living: Access to 2 pools, tennis court, playground, jumping pillow,mini golf, and more!
- Nature lover’s paradise: Located directly on the Hopkins River, with boat ramp and fishing pontoons nearby.
About the Suburb
Residents of Warrnambool will tout its liveability. From the nearby beaches offering coastal living, to verdant gardens speckled throughout the neighbourhoods, you’ve got great nature at your doorstep.
When it comes to nature’s offerings, this property is also in easy access—the beautiful Hopkins river sits just nearby where locals love to fish. Step onto the property and you can continue to enjoy the temperate weather in the alfresco areas.
Price guide: $440,000
This 2-bedroom home offers a comfortable and convenient lifestyle in Warrnambool, close to shopping, schools, and transport.
Highlights:
- Spacious & functional: Master bedroom with walk-in robe and semi-ensuite,second bedroom with built-in robe.
- Relaxing outdoor space: Private undercover area ideal for entertaining or enjoying nature.
- Convenient extras: Single garage with driveway, formal lounge, split system air conditioning, second toilet, garden shed.
- Prime location: Short stroll to Northpoint Shopping Centre, handy to schools and transport.
- Perfect for: Retirees, first home buyers, or investors.
Check out more houses for sale in Warrnambool.
FAQs on Cheap Houses For Sale in Rural Victoria
Where are the cheapest houses to buy in Australia?
When we wrote about the cheapest houses in Australia, the most affordable properties were found scattered throughout the country. From Queensland to the Western Australia, here’s where you might find the most budget-friendly homes:
How much is a hectare of land in Victoria?
According to a report from Rural Bank Australia, the current price per hectare of land sits at around $3,092 per hectare. Since this statistic dates back to 2020, it’s likely that the price has grown since.
From the year before the report, in 2019, the median price per hectare has increased by 31.9%.
Where is the cheapest housing in Melbourne?
According to Soho’s article on the cheapest suburbs in Melbourne, some of the most affordable housing in this capital city can be found in Melton, Tarneit, Coolaroo, Dallas and Hoppers Crossing, to name a few.
Read our article to check out the rest!
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