What does $800,000 buy you in 2025? A state-by-state guide

The Australian property market is constantly shifting, with house prices influenced by demand, economic conditions, and interest rates. With a budget of $800,000, your options range from city apartments to suburban family homes—or even a coastal retreat, depending on the location.

This guide breaks down what you can expect to buy across Australia as of February 2025. Keep in mind that prices fluctuate, so it’s always worth checking the latest market trends before making a move.

New South Wales (NSW)

Sydney: In Australia’s most expensive city, $800,000 will typically buy a small one-bedroom apartment in inner-city suburbs like Alexandria or Redfern. In outer suburbs like Parramatta or Liverpool, you might secure a two-bedroom unit.

Regional NSW: Beyond Sydney, $800,000 stretches further. You could afford a three-bedroom house in Newcastle or Wollongong, or even a modest beachfront home in smaller coastal towns like Port Macquarie.

Victoria (VIC)

Melbourne: In Melbourne, $800,000 might buy a two-bedroom apartment in trendy suburbs like Richmond or Brunswick, or a townhouse in middle-ring areas like Sunshine or Heidelberg.

Regional VIC: Regional centres like Geelong or Ballarat offer excellent value, with spacious three- to four-bedroom homes. For those seeking a rural lifestyle, $800,000 could secure a small acreage property in areas like the Yarra Valley.

Queensland (QLD)

Brisbane: Brisbane offers relatively good value compared to Sydney or Melbourne. With $800,000, you could buy a modern three-bedroom apartment in South Brisbane or a family home in middle-ring suburbs like Carindale or Chermside.

Regional QLD: In regional Queensland, $800,000 can buy a larger home near the beach in the Sunshine Coast or Gold Coast, or a sizeable property in towns like Toowoomba, Mackay or Townsville.

Western Australia (WA)

Perth: Perth remains one of the more affordable capitals, with $800,000 securing a three- to four-bedroom family home in suburbs like Joondalup or Baldivis. Alternatively, you could purchase a luxury apartment in the CBD.

Regional WA: In areas like Busselton or Albany, $800,000 could afford a spacious home or even a lifestyle property in the Margaret River region.

South Australia (SA)

Adelaide: Adelaide’s property market offers charm and affordability. With $800,000, you can purchase a three-bedroom character home in sought-after suburbs like Norwood or Prospect, or a larger house in family-friendly suburbs.

Regional SA: In regional South Australia, $800,000 stretches to larger properties, including acreage in the Barossa Valley or a seaside retreat in Victor Harbor.

Tasmania (TAS)

Hobart: Tasmania’s capital offers good opportunities, with $800,000 buying a three-bedroom house in desirable suburbs like Sandy Bay or Battery Point. Townhouses near the waterfront are also an option.

Regional TAS: In Launceston or Devonport, $800,000 could secure a spacious family home or a property with scenic views in areas like the Huon Valley.

Northern Territory (NT)

Darwin: With a budget of $800,000, you could purchase a spacious four-bedroom house with a pool in suburbs like Nightcliff or Parap, or a modern apartment with ocean views in the CBD.

Regional NT: In regional areas like Alice Springs, this budget can buy a larger rural property or a well-located family home.

Australian Capital Territory (ACT)

Canberra: Canberra’s property market continues to grow. $800,000 might buy a modern three-bedroom townhouse in inner suburbs like Kingston or Braddon, or a modest family home in outer suburbs like Gungahlin.

Looking ahead

With various financial institutions and property analysts projecting modest property price increases in 2025 – driven by anticipated interest rate cuts, housing supply constraints, and ongoing population growth – what $800,000 can buy will continue to evolve across different markets. For more insights, check out the Ray White Property outlook report.

If you’re planning to buy, speaking with local real estate experts can help you understand market trends and identify the best opportunities for your budget. And when it comes to financing, a Nectar Mortgage broker can guide you through the loan process and help you secure a competitive deal. Get in touch today to explore your options and make your next property move with confidence.