Open for inspection: What you can buy for under $1.5 million across Australia

With the Reserve Bank of Australia's decision to keep the cash rate on hold at 3.60 per cent, affordability is certainly at the forefront of many buyers' minds right now.

From an architecturally-designed home in Blackmans Bay to Federation elegance in Windsor, these are the best buys under $1.5 million around Australia.

View Living Senior Reporter, January Jones gives her pick of the property listings.

Victoria: Federation elegance in Windsor

Getting into the Windsor market under $1.5 million is a difficult task, however this brick Federation home may just be the entry in. Located moments from Chapel Street and the vibrant Prahran market, this three-bedroom home offers convenience and character.

Behind the red brick facade lie two bedrooms with built-in robes, with an optional third bedroom or additional living space. The modern, light-filled kitchen leads out onto a north-facing courtyard, complete with built-in seating and low-maintenance plants.

Tasmania: Architectural design in Blackmans Bay

Built in 2023, this architecturally-designed home in Blackmans Bay features contemporary style with sweeping ocean views. Located on a quiet street, the four-bedroom home includes three bathrooms, a spacious master suite with walk-in-wardrobe and ensuite, living room with floor-to-ceiling windows and centrepiece wood fire.

The interior design throughout the home is thoughtful and elegant. A kitchen with black cabinetry offers a stylish heart of the home, while each bathroom has its own unique look with colour and terrazzo. The outdoor space is well-designed with attractive landscaping, in-built watering system and an outdoor shower.

South Australia: A one-of-a-kind home in Victor Harbor

For buyers not satisfied with an ordinary home, check out this truly unique home in Victor Harbor. Located on a 1399-square-metre block, the cylindrical, boat-inspired home features 4.5-metre timber ceilings, round feature windows and even a spiral staircase.

Ideal for those looking for peace and tranquility, the home is surrounded by forest-like gardens. The outdoor areas feature established gardens frequented by local birdlife, multiple outdoor entertaining zones, raised garden beds ready for veggie planting and a shed offering storage for a multitude of hobbies.

Western Australia: Fully renovated in Scarborough

Beautifully renovated and ready for its next owners, this Scarborough property offers the perfect combination of character with modern conveniences. Built in 1948, the home includes many original details including coffered ceilings and ceiling roses.

Comprising three bedrooms, two bathrooms, an open-plan layout and private outdoor courtyard, the property also features a well-appointed alfresco area with built-in television and ceiling fan in the spacious front yard.

New South Wales: Modern living in Caringbah

If you're after a modern family home, this property in Caringbah has a lot to offer. The duplex features an open-plan kitchen and living area that leads out onto a fully-equipped outdoor entertaining area. The backyard includes careful landscaping with mature trees and lawn, water feature and built-in barbecue.

Set over two levels, the first floor features a generous master bedroom with ensuite, two bedrooms and an additional bathroom. The property also includes a secure, lock-up garage and large laundry.

Queensland: Classic charm in Murarrie

If you're after comfort, charm and space to move around, this renovated home in Murarrie could just be the place. Set over two levels, the 1980s home features three bedrooms, one bathroom, and a spacious kitchen and living area that leads onto two outdoor decks.

The lower level is ideal for use as a home office, guest bedroom or additional storage space. A large grassed backyard offers plenty of space for outdoor activities and entertaining.