Where is the Cheapest Places to Buy a House in NSW

November 7, 2023
Where is the Cheapest Places to Buy a House in NSW

Key takeaways:

  • Sydney offers affordable housing in its inner-west, south-west, and western suburbs, contrasting with higher prices in the eastern and north shore areas.
  • Rural NSW presents lower-priced property options and potential growth due to increasing regional migration.
  • Utilizing online resources like to filter and set alerts for property listings can streamline the process of finding affordable houses in Sydney.

New South Wales is the most populous state in Australia, with a population of over 8 million people. For those asking, where is the cheapest place to buy a house in NSW, we’re here to help!

According to recent data, the cheapest town to buy a house in NSW is Broken Hill, with a median house price of around $190,000.

There is also Hay, located in the state’s southwest. The median value for a house in Hay is approximately $148,000, making it an attractive option for those looking for an affordable property.

Other towns and suburbs where it is possible to pay off a house for less than $250 a week include Coonamble, and Moree. There are still some areas where property prices are more affordable. In this article, we will explore some of the cheapest places to buy a house in NSW.

While these areas may not have the same level of amenities and infrastructure as larger cities like Sydney, they offer a more affordable option for those looking to enter the property market. By exploring these areas, prospective buyers may be able to find a property that fits their budget and lifestyle needs.

Cheapest Places to Buy a House in NSW

Looking for an affordable place to buy a house in NSW? Here are some of the cheapest areas to consider.

Northern Rivers

House for sale in Lismore NSW

The Northern Rivers region of NSW offers some of the most affordable housing options in the state. Lismore, Casino, and Kyogle are just a few of the towns in the area where you can find houses for under $200,000.

These towns offer a relaxed lifestyle with easy access to beautiful beaches, national parks, and other natural attractions.


Newcastle is a vibrant city with a growing economy and a thriving arts and culture scene. While housing prices in the city have increased in recent years, there are still some affordable options available.

Suburbs like Windale, Shortland, and Mayfield offer houses for under $400,000, making them a great choice for first-time homebuyers or those on a tight budget.

You can also explore our round up of the best suburbs in Newcastle to learn more about the region.

Rural Areas

House for sale in Broken Hill NSW

If you’re looking for a more rural lifestyle, there are plenty of affordable options in NSW’s rural areas. Towns like Broken Hill, Forbes, Parkes, and Cowra offer houses for under $200,000, while larger towns like Dubbo and Bathurst have houses available for under $300,000.

These areas offer a slower pace of life and plenty of opportunities to enjoy the great outdoors.


While Cronulla is known for its high-end real estate, there are still some affordable options available in this beachside suburb. Units and small houses can be found for under $500,000, making them a great choice for those who want to live near the beach without breaking the bank.

No matter where you choose to buy a house in NSW, it’s important to do your research and work with a reputable real estate agent to ensure that you get the best deal possible. With a little bit of patience and persistence, you can find an affordable home that meets all of your needs and fits within your budget.

How to Find the Best Deals

When searching for the cheapest places to buy a house in NSW, it’s important to know how to find the best deals. Here are some tips to help you navigate the process:

Where is the cheapest to buy house in NSW?

Using Online Platforms

One of the best ways to find affordable housing in NSW is to use online platforms such as These platforms allow you to search for properties in specific areas, filter your results by price range, and even set up alerts for new listings that meet your criteria.

3 Common Mistakes to Avoid

When searching for affordable housing, it’s important to avoid common mistakes that can lead to missed opportunities or unnecessary expenses.

1. Waiting to contact the seller or agent

One common mistake is not contacting the seller or agent promptly after finding a property of interest. It’s important to call or e-mail the seller as soon as possible to express interest and ask any questions you may have.

2. Not considering extra costs

Additionally, it’s important to be aware of any potential hidden costs, such as inspection fees or legal fees, that may not be included in the advertised price.

3. Not doing the correct research

Another common mistake is not doing enough research on the area where the property is located. It’s important to research the local market and understand the average property prices in the area.

This will help you determine if the property is priced fairly and if there is potential for growth in the future.

Understanding the Property Market in NSW

Where is the cheapest to buy house in NSW?

When it comes to buying a house in New South Wales, there are many factors to consider. Understanding the property market in NSW is crucial for anyone looking to invest in real estate.

This section will provide an overview of the NSW property market, including Sydney vs rural areas and investment opportunities.

Sydney vs Rural Areas

Sydney is the largest city in Australia and is known for its high property prices. However, for those wondering where to buy a house in Sydney under $1.5 million, despite the general trend, there are opportunities to find houses for sale in Sydney that are surprisingly affordable, especially when you look towards the inner-west, south-west, and western suburbs as opposed to the pricier eastern suburbs and the north shore

“On the other hand, rural areas in NSW offer even more affordable options. The cheapest town in NSW is Hay, where the median value for a house is about $148,000.”

When deciding between Sydney and rural areas, it is important to consider factors such as population growth and job opportunities. While Sydney has a higher population and more job opportunities, rural areas offer a quieter lifestyle and a closer connection to nature.

Investment Opportunities

Investing in property in NSW can be a great way to build wealth. There are many suburbs in NSW where first-home buyers can buy for less than $800,000.

With research suggesting that how much is a house in Sydney can vary greatly, savvy investors can find opportunities in the upper north shore, inner west, city, east, and south regions of Sydney.

Investing in property in rural areas can also be a great opportunity. Rural areas offer lower property prices and the potential for growth as more people look to move away from the city. However, it is important to research the area thoroughly before investing.

Factors such as population growth, job opportunities, and infrastructure development should be considered.


By following these tips and avoiding common mistakes, you can increase your chances of finding affordable housing in NSW.

Remember to use online platforms to search for properties, pay attention to reference numbers, and do your research on the local market. With these strategies in mind, you can find the best deals and secure your dream home.

Investing in Villas vs Traditional Houses

Oxbridge House for Sale in South Yarra, VIC

When it comes to investing in property, there are many options to consider. One of the most important decisions to make is whether to invest in a villa or a traditional house. Both options have their own unique advantages and disadvantages, and it’s important to weigh these up carefully before making a decision.

Benefits of Investing in Villas

Villas are a popular choice for property investors, particularly in areas like NSW where there is a high demand for affordable housing. There are several benefits to investing in a villa, including:

  • Lower cost: Villas are often cheaper than traditional houses, making them an attractive option for investors on a budget. This is particularly true in areas where land is at a premium, such as in Sydney or Wollongong.
  • Lower maintenance: Villas are generally smaller than traditional houses, which means they require less maintenance. This can be a big advantage for investors who don’t want to spend a lot of time or money on upkeep.
  • Better rental yields: Because villas are often cheaper than traditional houses, they can offer better rental yields. This can be particularly attractive for investors who are looking for a steady stream of income.

Traditional Houses as an Investment

While villas have their advantages, traditional houses are still a popular choice for property investors. Some of the benefits of investing in a traditional house include:

  • Greater potential for capital growth: Traditional houses are often located in more established areas, which means they have a greater potential for capital growth. This can be a big advantage for investors who are looking to make a long-term investment.
  • More versatile: Traditional houses are often more versatile than villas, as they can be used for a variety of purposes. For example, they can be used as family homes, rental properties, or even commercial properties.
  • Better resale value: Because traditional houses are often located in more desirable areas, they can offer better resale value. This can be a big advantage for investors who are looking to sell their property in the future.

Ultimately, the decision to invest in a villa or a traditional house will depend on a number of factors, including your budget, your investment goals, and the local property market. It’s important to do your research and weigh up the pros and cons of each option before making a decision.

Suggested reading: Expand your knowledge with our top-tier article on buying a house in Sydney. This is a must-read for anyone considering a property investment in the area.

FAQs on ‘Where is the cheapest to buy house in NSW?’

Q: What is the cheapest coastal town to live in NSW?

A: Stuarts Point on the NSW north coast is the most affordable coastal town in NSW, with a median house price of $316,000.

Q: What is the cheapest city to buy a home in Australia?

A: The cheapest city to buy a home in Australia is Broken Hill, New South Wales, with a median house price of $235,000.

Q: Which Australian state has the cheapest house prices?

A: Tasmania has the cheapest house prices in Australia, with a median house price of around $300,000.

Q: Are house prices dropping in NSW?

A: Yes, house prices in NSW have been dropping since January 2022. This creates a window of opportunity to get into the property market as the Sydney market picks up again.

Q: Where is the best place to retire in NSW?

A: Nelson Bay is a great place to retire in NSW. It has a stunning coastal location, a foodie scene, and is close to Newcastle and Wollongong.

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Our AI match engine will match you with over 150,000+ properties and you can swipe away or shortlist easily. Making your home buying journey faster and easier.