Australian House Prices: What $500,000 Buys

Based on the average house in Australia's economic powerhouse, Sydney, $520,000 will buy you an average Australian house. That's approximately equivalent to US$335,000 or Euro260,000.


So, what will half-a-million Aussie dollars buy across the nation? How average is average? A slick townhouse, a large family home in the 'burbs' or a fancy apartment in the CBD?

Have a look at this snapshot of some of the best houses, apartments or townhouses up for sale and auction across Australia — you might be very surprised to see what $500,000 buys.

(thanks Andy)