Buying property on a $650,000 budget: where value still exists
Once considered a healthy budget, $650,000 is now entry-level for Australian property. Here’s where buyers and investors can still find value — and where to tread carefully.
Australian property prices have taken a sharp turn, testing the budgets of those looking for a home in the more affordable segment of the market. (Image source: Harley Kingston/Shutterstock.com)
It’s a little bizarre to think that $650,000 is regarded as a small budget when it comes to buying property in Australia but that’s the new reality.
That sort of money is hardly chicken feed.
Based on 2025 data, it would take an Australian with an average income and average expenditure more than 40 years to save $650,000 (assuming they save at the national average savings rate and do not invest the money).
Even if our Joe or Jane Average aggr…
