The Australian real estate market is thriving, with property prices on the rise. This pushes people to seek out the cheapest place to live in Australia while trying to remain on a budget. Australia is a country of 27 million people. Its largest cities are Melbourne, Sydney, and Brisbane, and its capital is Canberra.

1. Coober Pedy, South Australia

Coober Pedy is a suburb town in South Australia. It is an old mining town, and many residents still live underground in a bid to escape high heat levels in the area.

The town is often referred to as the Opal capital of the world because of the amount of opals that can still be found there.

The town is a popular tourist stopover as it is situated between Adelaide and Alice Springs.

2. Peterborough, South Australia

If you love affordable country living, you should consider moving to Peterborough in South Australia.

Peterborough was first named Petersburg, and it is located in South Australia.

It was one of the many places in the country renamed in 1917 due to the anti german sentiments from WW1. The town is popular for its railways.

3. Port Pirie West, South Australia

The town is often referred to as the ‘City of friendly people. It is popular for its relaxed lifestyle and pristine surroundings, which is a contrast to the busy Adelaide.

Unlike most suburbs in this list, Port Pirie has a larger population of around 18,000.

4. Tara, Queensland

Tara is a rural town in the Western Downs Region in Queensland. The town is popular for its sheep and cattle grazing area.

Although Tara is a rural community, it enjoys some of the best amenities the country offers, with excellent medical and school facilities.

It has a growing population of about 2,290 and is a very close-knit and friendly community.

The town is one of the cheapest places to live in Australia, with a growing property market.

5. Queenstown, Tasmania

Queenstown is a town in the state of Tasmania. The town has long been synonymous with mining and is located in a valley on the western side of Mount Owen.

The weather in the town is great for rain lovers as the town receives the highest amount of rain on the entire island of Tasmania.

Queenstown has a population of just above 2000 people, making it safer than most towns as most people are acquainted with each other.

6. Casterton, Victoria

Casterton is located in Victoria, Australia. The Glenelg River passes through the town, and this is a very popular landmark for the people of the town.

Casterton is also the birthplace of the Kelpie breed, which is celebrated with an annual event for the Australian Kelpie Muster.

Living in this small town comes with its perks. Casterton is a vibrant and close-knit community with clubs, schools, and other facilities available to locals and other visiting people.

7. Coonamble, New South Wales

Coonamble is one of the cheapest places to live in Australia. It is known as the hub for wheat growing, sheep rearing, and wool production.

The town has a lot of art deco buildings for art lovers and several country pubs and is popular for its country hospitality.

It is home to the largest rodeo and campdraft in the country, with a population of about 3000 people.

8. Manunda, Queensland

Located in the Cairns region of Queensland, Manunda is structured in a way that the southern part is mostly residential.

In contrast, the northern part contains amenities such as parks, sports grounds, and a community cemetery known as the Martyn Street Cemetery.

The town is great for people just starting a family with excellent schools and daycares and access to almost everything.

9. Charleville, QLD

Charleville takes the top spot as the cheapest place to live in Australia.

The town is the perfect location if you love a small, quiet life and want to get away from the hustle of the city.

Charleville is 8 hours from Brisbane by car and has a population of about 3000 people.

10. Rangeway, WA

If you love the beach, you will have an amazing time every day if you move to Rangewood.

Residents of Rangewood enjoy the city lifestyle without having to live in the noisy city. This is because the suburb is very close to Geraldton.

Roughly 2000 people live in Rangeway, and the suburb features schools, hospitals, and other vital amenities.