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HOME DESIGNS UNDER $500K

Serving Sydney, Hunter, South & Central Coast

House Designs Under $500K

For over 60 years, Masterton Homes has been building high quality homes across Sydney, the Hunter Valley, Central Coast, Southern Highlands, Illawarra, South Coast and the Eurobodalla region of NSW. Our collection of house designs under $500k includes carefully selected options that combine practical layouts, modern finishes, and trusted construction standards. If you’re searching for affordable house designs in NSW, Masterton offers homes that deliver the ideal balance of space, comfort, and long term value, backed by decades of experience from one of Australia’s most awarded home builders. *Based on Sydney Pricing. Correct as of March 2026.

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AWARD WINNING UNDER $500K

Home Designs

Masterton’s range of house designs under $500k includes homes from both our Evolve and Ultimate Collections. Within this price range, buyers can access almost every Evolve Collection home, including single and double storey layouts, as well as most Ultimate single storey homes and a wide selection of Ultimate double storey designs.

These house designs are typically suited to standard suburban blocks and feature three to five bedroom layouts, expansive open plan living zones, and practical designs that support modern family living. With efficient floorplans and carefully considered inclusions, Masterton delivers homes in this price range while maintaining our trusted construction standards built over more than 60 years.

Under $500K Home Designs

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Showing 12 of 27 Home Designs
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Accent MK2 MK2
  • bed4
  • bath2.5
  • car2

Sizes available

Ascot Elite
  • bed4
  • bath2.5
  • car2
  • width14.5m
Ashby
  • bed4
  • bath2.5
  • car1
Bayview
  • bed4
  • bath2
  • car2
  • width14.5m

Sizes available

Belmont
  • bed3
  • bath2.5
  • car1

Sizes available

Brentwood Twin
  • bed4
  • bath2
  • car2
  • width15.5m
Cascade Option 1
  • bed4
  • bath2
  • car2
Cello
  • bed4
  • bath2
  • car2
Concerto Elite
  • bed4
  • bath2.5
  • car2
  • width14.5m
Elkington Premier
  • bed4
  • bath2.5
  • car2
  • width15.5m
Hampton
  • bed4
  • bath2
  • car2

Sizes available

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WHY CHOOSE MASTERTON FOR HOUSE DESIGNS

Under $500k?
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    Decades of Building Experience

    With over 60 years of experience, Masterton Homes is one of the most trusted home builders in Sydney and across NSW. We’ve mastered every stage of the building process, from selecting practical, cost effective house designs to delivering high quality homes that stand the test of time. Our strong understanding of local council requirements and NSW building standards ensures your home is compliant, carefully planned, and professionally delivered.

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    Premium Quality

    As one of Australia’s most awarded builders, Masterton maintains consistent construction standards across all collections. Homes available under $500k span a broad selection of both Evolve and Ultimate designs, offering greater flexibility in size, layout, and inclusions while maintaining quality workmanship and considered detailing. Backed by our independent 4-Star iCIRT rating, you can build with confidence.

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    Comprehensive Service

    At Masterton Homes, we understand that building a home within a defined budget requires clarity, structure, and expert guidance, which is why we offer a complete end to end home building service from initial consultation through to final handover. Our experienced team provides clear communication, transparent pricing, and consistent support throughout your journey, helping you confidently build your new home, so you can speak with a Masterton New Home Consultant today to get started.

LUXURY INCLUSIONS FOR HOMES

Under $500k

House designs under $500k at Masterton Homes include options from both our Evolve and selected Ultimate Collections, offering a balance of affordability, quality, and modern living. Evolve homes feature streamlined selections and practical inclusions designed for everyday functionality, while Ultimate homes under $500k provide upgraded finishes and enhanced specifications within an accessible price point.

With quality flooring, functional kitchen layouts, durable materials, and thoughtfully considered design details, these homes are built for long term comfort, with flexible upgrade options available to help buyers personalise finishes and features while staying within budget.

*Based on Sydney Pricing. Correct as of March 2026.

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THE FINANCE HELP YOU NEED FOR A HOUSE DESIGN

Under $500k?

Masterton’s Home Lending Hub, in partnership with Trinity Financial Services, simplifies the lending process by giving you access to more than 50 lenders. Whether you’re looking to secure competitive rates or explore construction loan options, our lending specialists guide you through fixed, variable, redraw, and line of credit facilities.

You can also take advantage of Homepay, Masterton’s flexible “Build Now, Pay Later” solution. With up to 12 months of no out-of-pocket repayments on land and construction, Homepay provides additional flexibility while your new home is being built.

Whether you’re upgrading, expanding, or building your first home, Masterton’s finance solutions help bring your dream to life sooner.

Our team guides you every step of the way: choose your design, finalise your selections, build with the latest materials and craftsmanship. With this support, your dream double story home can become a reality sooner.

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FEATURED HOMES

Our most popular designs
Brentwood Twin
Brentwood Twin

The Brentwood Twin dual living home offers a smart, flexible layout with a self contained granny flat, ideal for multi generational living or rental income. Featuring open plan living, a modern kitchen with island bench, and spacious bedrooms, it’s designed for comfort, functionality, and long term value.

Santa Monica
Santa Monica

The Santa Monica home design offers a modern, family friendly layout with a central kitchen featuring an island bench and optional butler’s pantry. Open plan living and dining areas flow seamlessly to an alfresco, creating the perfect space for everyday living and entertaining.

With a dedicated home theatre, light filled bedrooms, and a spacious master suite, this home design delivers comfort, style, and functionality for growing families.

Bridgedale
Bridgedale

The Elkington is a refined single-storey home crafted for modern family living. Featuring four bedrooms, a luxurious master suite, zoned secondary accommodation and flexible breakout spaces, the design delivers comfort and functionality throughout.

Light-filled open-plan living with raised ceilings flows seamlessly to the alfresco, while a dedicated theatre room and gourmet kitchen with walk-in pantry complete this thoughtfully designed family home.

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Dual Living & Duplex House Designs

Under $500k

Looking for more value from your build? Masterton Homes offers selected dual living and duplex designs that can deliver two homes under $500k, making them an ideal solution for multi-generational living or smart property investment. Whether you’re accommodating extended family or creating an additional income stream, these designs maximise your block’s potential while maintaining comfort, privacy, and modern living.

Ready to knock down and rebuild your dream home? Learn more about our KDR process.

OUR BLOG

Explore the latest articles

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Building For Multi-Generational Living: A Growing Trend

The shape of the Australian household is changing. More families across New South Wales are embracing a model that was once commonplace: multiple generations living together under one roof. This return to shared family living arrangements isn’t just about nostalgia;...

New Home Designs

Pros and Cons of Building a Duplex

New Home Designs

Duplex Home Design: the quiet achiever

Demand for Duplex homes continues to grow as Aussie’s seek out more inventive ways to get into and keep up with the property market. Even more so for high demand suburbs around Sydney, on our harbour and across our stunning...

FAQS

Home designs under $500k

Masterton Homes a multitude of house designs under $500k across both the Evolve and Ultimate Collections, providing a range of options to suit different lifestyles and budgets. Final pricing for homes under $500k will vary depending on block conditions, site costs, and selected inclusions, ensuring each home is tailored to your specific requirements.

Homes in this price range include almost all Evolve designs under $500k, along with a wide selection of Ultimate single and double storey homes under $500k, typically offering three to five bedroom layouts and spacious open plan living areas. Explore your house design options under $500k today.

 

*Based on Sydney Pricing. Correct as of March 2026.

Yes it does! Pricing for house designs under $500k can vary depending on site conditions, local council requirements, and any additional works required. An initial consultation with a Masterton New Home Consultant will help clarify the full scope of your build and provide a clear understanding of associated costs.

 

Many of our Evolve Collection two storey designs may be available within this price range, depending on block and specification.

 

*Based on Sydney Pricing. Correct as of March 2026.

Yes. Upgrade options are available, allowing you to personalise finishes and features within your budget—however, more extensive selections may take the total investment beyond $500k, yet still providing exceptional value.

In most cases, yes. Suitability depends on block size, access, and site conditions. Our team can assess whether a KDR (Knock Down Rebuild) project aligns with your chosen design and budget.

With over 60 years of experience and a reputation for quality construction, Masterton provides structured guidance, trusted building standards, and practical designs that support growing families and budget-conscious homeowners. Explore our designs online, visit a display home, or speak with a new home consultant.

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Warwick Farm NSW 2170

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311 Willoughby Rd, Naremburn, NSW 2065
02 9743 6699