Despite rising prices, there are still pockets of value in the market, with new data revealing 43 suburbs across Australia where houses or units can still be snapped up for under $400,000.

A win for anyone seeking affordable investment property Australia.

According to PropTrack, the Northern Territory leads the pack with 22 suburbs under the $400K mark.

Darwin stands out, with both Berrimah and Lee Point offering low median house prices, and 20 unit markets, including the Darwin CBD falling under the threshold.

Hotspotting’s Autumn 2025 Price Predictor Index highlights Darwin as one of the country’s best-performing markets, with surging sales activity and strong growth forecasts for the year ahead.

Among the major capitals, Melbourne features eight affordable unit markets, including Albion (37km from the CBD), where the median price is just $281,000.

Adelaide offers seven budget-friendly options, led by Elizabeth Vale at $315,000.

In Sydney’s high-priced market, three suburbs still fall under $400,000, Normanhurst, Vineyard, and Carramar.

Meanwhile, the ACT has two (Lyons and Hawker), and Hobart has one, Gagebrook.

REA Group economist Anne Flaherty warns that these opportunities are vanishing fast.

“Access to metro areas drives demand, and with prices still rising, it’s possible this list could disappear entirely within two years,” she says.