Think you’re locked out of buying a home? The big-city bargains for less than $500,000 – but you might have to spend a bit on petrol!

  • First home buyers willing to spend a little more on petrol could find themselves a bargain when house hunting in Australia’s major cities.

The average budget of an Australian first home buyer is $500,000, reported Domain.com.au, which seems a pittance when looking at prime real estate in the heart of places like Sydney or Melbourne.

Although this amount will likely stretch to a cosy one-bedroom apartment, buyers looking for a standalone house must be prepared to get up a little earlier for their morning commute to work

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