For nearly three decades, the former Moe Hospital has stood as a decaying relic of the past, its shattered windows and graffitied walls a stark reminder of neglect in Victoria’s Latrobe Valley.

Model Jennifer Hawkins and husband Jake Wall’s Whale Beach mega mansion is still under ongoing construction after four years, while a savvy neighbour has purchased the lot in an off-market deal.

Homeownership feels out of reach in many places. These cities offer lower prices and plenty of opportunities for innovative entrepreneurs.