Cheapest Places to Live in Australia

June 17, 2022
cheapest place to live in australia

The Australian real estate market is thriving, with property prices on the rise. This pushes people to seek out the cheapest place to live in Australia while trying to remain on a budget.

Australia is a country of 27 million people. Its largest cities are Melbourne, Sydney, and Brisbane, and its capital is Canberra. 

Australia is a diverse country in terms of the population, it is a developed nation, and there is a new wave of migration toward the land. 

No wonder the United Nations’ international migrant stock 2019 listed Australia as one of the top 10 countries to migrate to.

As migrants or citizens, we can all agree that the cost of living around the world is increasing. 

For anyone looking to cut costs and move to a cheaper neighbourhood, here are some of the cheapest places to live in Australia.

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1. Coober Pedy, South Australia

cheapest place to live in australia
House for sale in Coober Pedy
  • Median house price: $72,000
  • Average rent price: $180/week

Coober Pedy is a suburb town in South Australia. It is an old mining town, and many residents still live underground in a bid to escape high heat levels in the area. 

The town is often referred to as the Opal capital of the world because of the amount of opals that can still be found there. 

The town is a popular tourist stopover as it is situated between Adelaide and Alice Springs. 

Coober Pedy is one of, if not, the cheapest place to live in Australia, with a very low cost of living and a close-knit community. 

Here are more homes for sale in Coober Pedy.

2. Peterborough, South Australia

cheapest place to live in australia
House for sale in Peterborough
  • Median house price: $101,000
  • Average rent price: NA

If you love affordable country living, you should consider moving to Peterborough in South Australia. 

Peterborough was first named Petersburg, and it is located in South Australia. 

It was one of the many places in the country renamed in 1917 due to the anti german sentiments from WW1. The town is popular for its railways. 

Peterborough is a small town. However, 50% of the town’s population are from different parts of the world, making it a very diverse community and still closely knitted. 

Here are more homes for sale in Peterborough.

3. Port Pirie West, South Australia

cheapest place to live in australia
House for sale in Port Pirie
  • Median house price: $116,000
  • Average rent price: $250/week

The town is often referred to as the ‘City of friendly people. It is popular for its relaxed lifestyle and pristine surroundings, which is a contrast to the busy Adelaide. 

Unlike most suburbs in this list, Port Pirie has a larger population of around 18,000.

However, it has remained a friendly, safe, and cheap place to live in Australia. 

Here are more homes for sale in Port Pirie.

4. Tara, Queensland

cheapest place to live in australia
House for sale in Tara
  • Median house price: $125,000
  • Average rent price: NA

Tara is a rural town in the Western Downs Region in Queensland. The town is popular for its sheep and cattle grazing area. 

Although Tara is a rural community, it enjoys some of the best amenities the country offers, with excellent medical and school facilities. 

It has a growing population of about 2,290 and is a very close-knit and friendly community. 

The town is one of the cheapest places to live in Australia, with a growing property market. 

Here are more homes for sale in Tara.

5. Queenstown, Tasmania

cheapest place to live in australia
House for sale in Queenstown
  • Median house price: $170,000
  • Average rent price: $250/week

Queenstown is a town in the state of Tasmania. The town has long been synonymous with mining and is located in a valley on the western side of Mount Owen. 

The weather in the town is great for rain lovers as the town receives the highest amount of rain on the entire island of Tasmania. 

Queenstown has a population of just above 2000 people, making it safer than most towns as most people are acquainted with each other. 

Here are more homes for sale in Queenstown.

6. Casterton, Victoria

cheapest place to live in australia
House for sale in Casterton
  • Median house price: $300,000
  • Average rent price: NA

Casterton is located in Victoria, Australia. The Glenelg River passes through the town, and this is a very popular landmark for the people of the town. 

Casterton is also the birthplace of the Kelpie breed, which is celebrated with an annual event for the Australian Kelpie Muster. 

Living in this small town comes with its perks. Casterton is a vibrant and close-knit community with clubs, schools, and other facilities available to locals and other visiting people. 

The town also has several attractions, ranging from the Glenelg River to the Australian Kelpie centre and the Island park that locals and tourists enjoy. 

Here are more homes for sale in Casterton.

7. Coonamble, New South Wales

cheapest place to live in australia
House for sale in Coonamble
  • Median house price: $127,000
  • Average rent price: $200

Coonamble is one of the cheapest places to live in Australia. It is known as the hub for wheat growing, sheep rearing, and wool production. 

The town has a lot of art deco buildings for art lovers and several country pubs and is popular for its country hospitality. 

It is home to the largest rodeo and campdraft in the country, with a population of about 3000 people. 

If you ever think of moving to Coonamble, go for it! You’ll enjoy a great culture and a close-knit, rural community. 

Here are more homes for sale in Coonamble.

8. Manunda, Queensland

cheapest place to live in australia
House for sale in Manunda
  • Median house price: 386,000
  • Average rent price: $470/week

Located in the Cairns region of Queensland, Manunda is structured in a way that the southern part is mostly residential. 

In contrast, the northern part contains amenities such as parks, sports grounds, and a community cemetery known as the Martyn Street Cemetery. 

The town is great for people just starting a family with excellent schools and daycares and access to almost everything. 

It has a population of about 5,390 people, and they are a close community. The suburb features parks and is really close to the CBD. 

Here are more homes for sale in Manunda.

9. Charleville, QLD

cheapest place to live in australia
House for sale in Charleville
  • Median house price: $75,000
  • Average rent price: $230/week

Charleville takes the top spot as the cheapest place to live in Australia. 

The town is the perfect location if you love a small, quiet life and want to get away from the hustle of the city. 

Charleville is 8 hours from Brisbane by car and has a population of about 3000 people. 

A fun fact about Charleville is that the military used the airport as a secret base during World War II. 

Here are more homes for sale in Charleville.

10. Rangeway, WA

cheapest place to live in australia
House for sale in Rangeway
  • Median house price: $105,500
  • Average rent price: $260/week

If you love the beach, you will have an amazing time every day if you move to Rangewood.

Residents of Rangewood enjoy the city lifestyle without having to live in the noisy city. This is because the suburb is very close to Geraldton. 

Roughly 2000 people live in Rangeway, and the suburb features schools, hospitals, and other vital amenities. 

Here are more homes for sale in Rangeway.

Liked our round up of the cheapest place to live in Australia?

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