Alice Springs offers FHBs affordable options under $500,000: HTW

Back around this time in 2015, a half-a-million dollars in Northern Territory’s Alice Springs would have net an investor or owner occupier a four-bedroom, two-bathroom home, possibly with a pool and situated in an established area, claim valuation firm Herron Todd White. 

In their July report on residential property market, HTW reiterate that claim as the broader market has softened over the past 12 months, with the homes providing varying levels of renovations. 

“We have also seen the completion of the first dwellings in the new suburb of Kilgariff. With land starting at $160,000 there are opportunities for first home buyers to take advantage of a First Home Buyers Grant and build their first home,” say HTW in the report.

“There have yet to be any completed dwellings sell in the subdivision, however, we note that a brand new three-bedroom, two-bathroom home with rendered finish, rear verandah and double carport is available at $555,000.”

Property Observer looked up recent sales under $500,000 on www.realestate.com.au and found a two-bedroom, one bathroom house at 15 Tietkins Avenue, Alice Springs, NT 0870 (above) sold for $427,000.