But how much more bang, exactly? We’ve rounded up a few city properties to see what the same amount of money will buy you in a regional area. Take a look.

The median house price in Sydney is $1,033,892. For that, you can find a five bedroom duplex in Greenacre, 19 km from the CBD. A brand new build with high quality finishes, it’s set on a low maintenance block of 355 sqm.

Move out to Cootamundra in the gorgeous Riverina region and your money will buy you Arrowna, a 45.8ha farmlet offering an unparalleled lifestyle opportunity. There’s a spacious four bedroom house with a wide deck from which to enjoy the rolling hills, 3 paddocks and 8 horse enclosures.

Melbourne’s median house price is $828,720. Like Sydney, that won’t buy you a family home in the inner suburbs without some serious compromise.

If inner city living is important to you, consider a two bedroom townhouse over three levels in Kensington including an oversized balcony on which to entertain, a sleek interior and lock up garage.

The median house price in Sydney is $1,033,892. For that, you can find a five bedroom duplex in Greenacre, 19 km from the CBD. A brand new build with high quality finishes, it’s set on a low maintenance block of 355 sqm.

Move out to Cootamundra in the gorgeous Riverina region and your money will buy you Arrowna, a 45.8ha farmlet offering an unparalleled lifestyle opportunity. There’s a spacious four bedroom house with a wide deck from which to enjoy the rolling hills, 3 paddocks and 8 horse enclosures.

Melbourne’s median house price is $828,720. Like Sydney, that won’t buy you a family home in the inner suburbs without some serious compromise.

If inner city living is important to you, consider a two bedroom townhouse over three levels in Kensington including an oversized balcony on which to entertain, a sleek interior and lock up garage.

For the median house price in Adelaide, $460,946, there are some excellent opportunities. You can find historic charmers in inner city suburbs if you don’t mind a small home (and a bit of DIY), or modern townhouses a little further out. This three bedroom courtyard home is a great option for the young family – it’s a very doable commute at 12 km from the CBD and has a small low maintenance garden.

Move out to Jamestown, two and a half hours north of the city, and you can bag yourself a substantial family home with up to five bedrooms, wine cellar and 10ft ceilings – all on a 2,600sqm block. For refined country living, this one’s unbeatable!