As Australia's national property market edges closer to a million-dollar median, buyers are increasingly looking outside the major capitals for affordability.
For those ready to make the move, here are seven regional properties on the market right now for $700,000 and under.
16 Casey Street, East Bendigo.
Price guide $495,000 to $540,000
This freshly updated weatherboard cottage pairs classic period character with low-maintenance living.
Behind the decorative verandah, the single-level home's interiors feature high ceilings, timber-style flooring, and a central living and dining zone anchored by a fireplace and split-system cooling.
"It has been extremely popular with mainly first home buyers and retirees looking for something low maintenance, so no work needs to be done to the property," PRD Bendigo listing agent Laurelle Brown said.
"Additionally, the price point is very attractive to them."
506A Howard Street, Soldiers Hill
Price guide $575,000 - $625,000
Built more than a century ago, this California bungalow sits on a 571-square-metre block in one of Ballarat's most tightly held pockets.
The home retains its original charm with New Zealand rimu flooring, ornate ceiling roses, picture rails, and a main living zone featuring a bay window.
The kitchen and bathroom have both been modernised, and a large backyard offers plenty of space to grow.
Ray White Ballarat sales agent Jo Thornton said the listing has attracted a mix of owner-occupiers wanting to renovate and extend at the rear to take advantage of the north-facing aspect.
"We have also had downsizers looking at the property given it is two bedrooms and that is all they need, but still room to garden and room to move," she said.
12 Edward Street, Tamworth
Price $649,000
Located in Australia's country music capital, this four-bedroom home offers a solid foundation for families or investors looking to add value.
The floorplan includes four bedrooms, one bathroom and a home office, while outside has a secure backyard, a garden shed, side access, and parking for three vehicles.
Listed with Karen Vial of McGrath Tamworth, the property is drawing interest from buyers looking to renovate and capitalise on a generous landholding.
90 Marius Street, Tamworth
Price $689,000
For buyers seeking a project with character, this double-brick Federation home in Tamworth ticks all the boxes.
Built in the early 1900s, it retains its original sash windows, high timber ceilings, and hallway arches.
Set on a level 821-square-metre block, the three-bedroom layout includes enclosed side and rear verandahs, with ample space for a future extension or a second dwelling.
"We're seeing strong interest from both local investors and out-of-town buyers, with the latter typically purchasing through established buyer's agent networks," McGrath Tamworth listing agent Jason Wherritt said.
"The property's central location and dependable rental appeal are key drawcards, particularly for those seeking a straightforward investment with scope for future improvement".
15 Magpie Street, North Bendigo
Price guide $580,000 - $630,000
Fully renovated and move-in ready, this three-bedroom home sits on a centrally located 580-square-metre block.
The floor plan includes two bathrooms and a rear sun room that flows out to an entertaining deck.
With easy side access, the property also offers future subdivision potential.
"Most of the inquiry so far has come from investors and buyer's agents," McGrath listing agent Jesse Forbes said.
"The presentation and renovation have been well received overall."
1/370 Townsend Street, South Albury
Price $609,000
Sitting at the front of a detached four-unit complex, this home offers house-like proportions without the maintenance.
Located just 750 metres from the dining and shopping hub of Dean Street, it features three well-proportioned bedrooms with built-in robes, a separate lounge, gas heating, and a covered alfresco area.
The property is listed through Jake Spargo of PRD Albury-Wodonga.
5/54 South Street, Wodonga
Price guide $290,000 to $309,000
Set in a complex of five units, this updated one-bedroom unit is ideal for first home buyers, investors or downsizers.
Located close to shops, cafes, parks and public transport, the unit is filled with natural light and features an open-plan living, dining and kitchen space.
Inside, the unit has one bedroom with a built-in robe, an ensuite-style bathroom and an updated kitchen with a dishwasher, an electric cooktop and an oven.
The property is freshly painted and has new floating floorboards, along with a split-system heating and cooling system.
PRD Albury-Wodonga listing agent Jake Spargo said the listing has generated inquiries from investors and first home buyers looking to break into the market.
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