More bang for your Aussie buck: What will $500k buy you around the world?

Feeling the pinch of Australia’s sky-high property prices? With well-documented housing crisis still making headlines across the country, many overseas properties seem to be even more of a bargain.

That half a million you’ve diligently saved likely won’t stretch as far as you’d like here — perhaps barely even securing a foothold in some major cities — but what if we told you that the same sum could unlock a significantly different property reality elsewhere? In fact, what $500,000 can buy around the world might just shock you.

From chic European apartments to sprawling Southeast Asian villas and character-filled South American houses, the global property market offers a stark contrast to the affordability challenges many Aussies face. But where to begin your overseas property hunt? Here are a few destinations to get you started — some in well-charted locations and some off-the-radar.

Kea, Greece

A decade after Greece’s financial meltdown and property in the country can still be had for a song. But when it comes to fantasy destinations here, the idyllic Greek Islands — with weeping ocean views, private pools, endless Mediterranean sun and a lifestyle of long lunches and daily siestas — are top of mind.

“This delightful villa in Kefalonia offers the kind of laidback island life that most can only dream of,” said mortgage broker at Sydney-based agency, Liberty, Steven Tropoulos. “You’d wake to views over lush green hills, enjoy breakfast in your private garden, and spending lazy afternoons by your pool. The villa is perfect for those seeking tranquillity, authenticity, and a connection to nature. Plus, it’s also just a short drive to the sparkling Ionian Sea and to charming local villages.

“Alternatively, for the same price, you could buy a tiny Sydney studio — one with no view, no pool and no sea breeze!”

Las Vegas, USA

Offering a unique lifestyle with its 24/7 entertainment, vibrant culinary scene and abundant sunshine, Las Vegas offers much more than simply ‘the Strip.’

“This charming ground-level condo is situated in the sought-after Desert Shores community and presents an exceptional opportunity for a home,” said founder and buyer’s agent at Austin Buyers Agents, Luke Bindley.  “Residents can enjoy community perks such as two pools, a clubhouse, and a gym, all while benefiting from included utilities.

“With its prime location near public transportation, schools, parks, and shopping centres, the property is also move-in ready with a large internal area and high desirability for either a young family or working professional. A property like this in Sydney would be easily surpass the $1 million price tag.”

Phuket, Thailand

Gorgeous beaches, luxurious resorts, and postcard-perfect outlying islands — it’s unsurprising that Phuket has mass holiday appeal. Luring millions of Aussies annually, Thailand’s largest island has long been reigning as a holidaymaker go-to.

“This luxury villa is an exceptional buy,” said Mr Tropoulos. “Offering four bedrooms, a private pool, and high-end finishes, in one of Thailand’s most sought-after lifestyle destinations — and all for $427k, which significantly less than what a comparable property would cost in Australia’s coastal hotspots. Or, for the same price, you could buy a modest two-bedroom apartment in Sydney’s Lakemba — with no tropical sunsets, no pool, and definitely no palm trees!”

Southland, New Zealand

Known for Fiordland National Park, home to snow-capped mountains and fjords like the famed Milford Sound Southland — situated in the country’s southernmost region — offers a diverse range of outdoor adventures, stunning scenery and a slower pace of life.

“Many Australians are making the move to New Zealand and Southland is known for its laidback lifestyle, allowing residents a perfect balance between work and home life,” said Mr Bindley. “This region offers a strong sense of community, safety, and access to high-quality education for all.

“For just half a million dollars, you can purchase this home on 3 acres — in comparison, in Sydney the  median unit price has now surpassed a million dollars!”

Budva, Montenegro

A jewel on Montenegro’s Adriatic coast, the town of Budva is a blend of ancient history and vibrant modern life. Encircled by medieval walls, its charming centre id a labyrinth of narrow cobblestone streets, historic churches and bustling squares. Beyond the ancient citadel, Budva boasts stunning sandy beaches, a lively marina, and a dynamic nightlife, making it a popular destination for both cultural immersion and coastal relaxation.

“On the market for $449k this stylish one bedroom apartment offers a perfect mix of coastal beauty and vibrant Mediterranean culture,” said Mr Tropoulos.  “Here, you can wake up to views of crystal-clear water, spend your days exploring the medieval old town, and enjoying evening strolls along the charming promenades lined with cafes and restaurants.”

Costa Rica

Safe, stable, beautiful and abundant in picturesque beaches and lush jungle, Costa Rica is the jewel in Central America’s crown. Famed for having no army, a stable economy and being the bastion of eco-tourism, this place is an expatriate melting pot, making it great for a sea change or for retirement.

“It is estimated that a move to Costa Rica can allow a single person to live on around $1500 per month , compared to more than double in an Australian city,” said Mr Bindley. “This affordability has led to an increase in foreigners making the move here.”

Set in a small, hill town in the Guanacaste province on the west shore of Lake Arenal — an area known for its cool, crisp air and panoramic mountain views — this three bedroom property pairs space and luxury.

“The home sits on a one acre lot and offers two terraces, a nice spacious open kitchen, studio and grand living room,” continued Mr Bindley. “The house is built at the same height of the trees so you can see the monkeys, sloths, toucans, iguanas and even pumas — you even have your private river access!”

Beausoleil, France

Nestled on the French Riviera, a stone’s throw from Monaco, Beausoleil lives up to its name, “which means ‘beautiful sun’. Offering a captivating blend of historic architecture, stunning views of the Mediterranean sea and a relaxed, sophisticated atmosphere, its hillside location also provides a tranquil escape, whilst the glamour and excitement of nearby Monaco is within easy reach.

“This elegant two-bedroom apartment in Beausoleil offers a quintessential French Riviera lifestyle,” said Mr Tropoulos.  “Nestled between the glamour of Monaco and the beauty of the Cote d’Azur, it’s the perfect spot to immerse yourself in French culture, art, and cuisine, all while enjoying the mild, year-round climate.”

Tuscany, Italy

Charming, romantic and beautiful, Italy’s region of Tuscany has long held an irresistible pull for travellers and it’s not just because of the food (though admittedly that’s a big part). Located in the centre of the country, the mishmash of bustling Renaissance cities, epic art, amazing architecture, wondrous wine, and ridiculously tasty cuisine (and all set against a backdrop of medieval hilltop towns, rolling hills and olive groves) means it’s a real La Dolce Vita capital.

“This charming two-bedroom apartment in the heart of Empoli, Tuscany, offers an authentic slice of Italian life,” said Mr Tropoulos.  “Think morning espressos in the piazza, walks to the local market, weekends exploring vineyards,and easy train rides to Florence — and all for just $420k!

“Fully restored with modern comforts, while retaining its historic soul, it’s a home made for long lunches, slow living and soaking up the rhythms of everyday Italian culture. Or, for the same price, you could choose one of the only 12 three-bedroom properties currently available in Sydney for $500k — properties without the Tuscan sun, centuries-old streets, or handmade pasta just around the corner.”