When Purchasing a Home Around the World, How Far Does $500,000 Go?
As many of us are stuck at home, we could all use a virtual vacation, and what better way to “travel” than to look into real estate in countries outside of the U.S.? Markets across the globe differ in relation to the demand and influences on their economies. Whether you’re looking to enjoy the hustle and bustle of a city or seeking peace in a quiet countryside, half a million dollars can land you the perfect property in your dream location.
It comes as no surprise that we are obsessed with the real estate market. Whether it’s in our backyard or 5,000 miles away, we want to learn more about it. So pack your bags and have your ATM account ready as we go house shopping across the globe together!
What Can $500,000 Get You in Real Estate Around the World?
Sydney is the largest metropolis in Australia. The metro area is home to nearly 700 suburbs, 15 regions, and is within 40 miles of 20 national parks. Though it started as a colonial post in 1788, Sydney has become a major economic and cultural center. Although it’s more on the expensive side of living, the Emerald City is considered one of the most livable cities in the world. If you fancy a sunrise swim at Bondi Beach or crave the adrenaline of a hot air balloon ride, your expectations will not fall short in Sydney.
- $500,000 USD = A$700,000
- The median home value in Sydney is A$986,000.
This charming 1 bedroom, 1 bathroom apartment is listed at A$699,000 ($491,329). You’ll find floor-to-ceiling windows, neutral-toned details, and a modern kitchen with granite countertops. With a balcony that overlooks the bustling city below, you’re seemingly in the center of it all. Surry Hills is home to many fabulous restaurants, trendy coffee shops, and a growing nightlife scene. No need to worry about Australian slang; here is a list of the most popular terms to show you’re a true Aussie.
New Delhi, India
New Delhi is the capital of India and the largest commercial city in Northern India. A go-to destination for all things business and government, New Delhi has many opportunities within their booming job market. Whether you’re a foodie and want to explore the city on a Delhi Food Walk or an architecture buff looking to gaze at the sculptures in the Mandir of Swaminarayan Akshardham, New Delhi has everything a true adventurer seeks.
- $500,000 USD = ₹36,000,000
- The median home value in New Delhi is ₹32,600,000.
In the calm and quiet locality of East of Kailash, you’ll find this 4 bedroom, 4 bathroom townhouse listed at ₹37,500,000 ($502,819). Throughout the 2,250 square feet of space, you’ll find stunning attention to detail and multiple balconies for you to enjoy the balmy weather. The East of Kailash locality is highly sought after due to its easy access to parks, community gardens, shopping, and restaurants. Don’t forget to pack your ball gown as this neighborhood is described as posh and will help you live out your fanciest dreams.
Johannesburg, South Africa
Johannesburg is the largest city in South Africa, with a population of over 5.5 million people. The megacity status of Johannesburg is largely due to the 1886 discovery of gold in the area, earning it the nickname “The City of Gold.” To get a taste of Johannesburg’s culture, head to Maboneng Precinct, or “Place of Light”. It’s a neighborhood filled with cafes, shops, art galleries, and entertainment venues. Although there are numerous places to spend your weekend, you’ll find most locals having a jol and rooting for their favorite rugby team at the nearest pub.
- $500,000 USD = R8,000,000
- The median home value in Johannesburg is R3,139,760.
This beautiful 5 bedroom, 3 bathroom home listed at R7,250,000 ($445,266) is located in Houghton Estate, just northeast of the city centre. Recently renovated, this 8,395 square foot home sports a contemporary feel. With a pool and jacuzzi in the backyard, this property is great for families or those looking to be the party host of the year. A fun fact about Houghton Estate - Nelson Mandela was born here!
Although Dubai has long been a booming textile hub, the discovery of oil here in 1966 accelerated the city’s development at an impressive pace. It is now a regional and international trade center relying on trade, tourism, real estate, and aviation to keep its economy thriving. Said to be a birder's paradise, bird watchers flock to Dubai throughout the year to get a look at some of the 320 bird species that travel through this region. Some other draws in this area include the fascinating skyscrapers, global cuisine, and the breathtaking art that Dubai features in its international art fair every year.
- $500,000 USD = AED 1,836,500
- The median home value in Dubai is AED 2,580,000.
This 2 bedroom, 3 bathroom apartment is listed at AED 1,840,000 ($500,952) and comes with not one but two balconies that overlook the glassy marina in Dubai. With a fully equipped fitness center, cinema room, swimming pools, and more, you’ll never have to leave! If you do choose to leave your 1,345 square foot apartment and explore, you’ll be within walking distance of the Marina Mall, the tram station, and the JBR Walk, which is home to many shops and restaurants. For the daredevils out there, Dubai is home to the tallest building in the world, Burj Khalifa. You can get a view of the city from the observation deck, which is a whopping 2,716.5 ft high.
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