It has long been part of the dream of middle-class Australia to climb up the ranks and eventually become proud owners of their very own homes. However, some very practical concerns often get in the way of these people’s dreams to become homeowners. One of these concerns is cost. It is often very expensive to buy a house in the best real estate areas in Australia, simply because so many people want to live there. The high demand of the houses in these areas tends to boost the prices in order to sell the houses only to the very highest bidders. Conversely, one might want to opt for a cheaper house, perhaps even the cheapest one possible. However, a different problem arises in this scenario. The cheapest homes that one can buy are often hardly even fit to live in, which is usually why they are cheap in the first place. The cheapness usually originates from shoddy materials used in the construction of the building or perhaps the neighbourhood in which the house is located in is unsafe or in some way unpleasant to live in. Hence, the best thing to do in these situations is to find a balance between these two. In order to do this, one must decide, first, what exactly “Affordability” means. In this case, for the purposes of brevity, a house will be considered affordable if it can be purchased for under the amount of 350,000 dollars.Here are five great suburbs in Australia where you can buy a house for less than 350,000:Penrith: this suburb of New South Wales provides a great mix of lifestyle and convenience and it positively littered with things to do, from sports complexes to shopping centers, museums and parks. A one-bedroom unit in this suburb can be bought for a very affordable 295,000 dollars.Box Hill: this suburb located in the province of Victoria provides a more hip lifestyle than the more sober Penrith, something that can be seen when looking the demographics of the suburb which are skewed young and single. A single unit house in this suburb cost’s on average a little over $305,000.Liverpool: this suburb can be found in New South Wales, Sydney to be precise, and the true joy of living in this excellent neighbourhood is the vibrant multicultural vibe one gets from living here. It is in addition a major metropolitan center, something that really adds to its class. A single room unit can be purchased here for just 285,000 dollars!Toowoomba: this Queensland neighbourhood is quickly becoming a popular spot for new homeowners thanks to its rustic charm and natural beauty. A single bedroom unit can be purchased here for just 233,000 dollars.Mount Gambier: this South Australian suburb is possibly the most affordable on the list. A double bedroom unit can be purchased for not 200, not 190, not even 180, but a measly 178,000 dollars!