![]() The listing describes the area as, ‘.a major centre with high demand for rental properties from locals and prospectors needing secure accommodation makes rentals very hard to find. Some 573 km north-east of Perth's Mount Magnet is in gold mining territory. We think this is optimistic, but hey when your outlay is $40,000 who are we to quibble. The agent describes 28 Watson Street, Mount Magnet, WA as, ‘ready to rent and just right for a caring tenant….a very presentable investment property.just needing minor TLC. 28 Watson Street, Mount Magnet, WA 6638 $40,000 We say this is definitely worth a look! 4. It is modern, with a refurbished kitchen & bathroom and comes fully furnished. This would work perfectly as a holiday getaway, with the option to rent it when you are not using it. There is even an a la carte restaurant and bar. Our title does say ‘houses’ but we thought this unit on Magnetic Island, just off Cairns is a real gem? If you can squeeze into a 1 bedroom unit, this could be yours for $45,000! This holiday studio is actually set in a resort-style complex with all the amenities that come with a resort, like a large outdoor pool, tennis courts, children's playground, and BBQ area. What do you get for $45,000? The land is 1287sqm of freehold title with a single room - but you do get a 5 space carport and there is also a long drop toilet!ģ. The agent describes this as a, ‘well-loved basic one-bedroom 'old miners' shanty style above ground home.available for near land value only’. And while Coober Pedy is renowned for its below-ground dwellings, known as dugouts, you will be glad to know this listing is above-ground. Lot 905 Holly Crescent, Coober Pedy, SA 5723 $45,000įancy trying your luck in Coober Pedy, Australia’s outback opal capital? If a town 846 km north of Adelaide on the Stuart Highway sounds like your kind of town then there are bargains to be had. If you are thinking of rental returns, the median rent in Broken Hill is $260/week, while the median house price is currently $130,000. Local attractions include the iconic Palace Hotel, Living Desert State Park, Mad Max Museum and Broken Hill Regional Art Gallery. With an outlay of $29,000, this leaves you with some breathing room if you are thinking of building a cottage on the block. This is also why there are no internal photos of the property! You have been warned, but if you are after land in Broken Hill you will have 563 m² to play with and build a new home from scratch. It is expected but not confirmed the property will require full renovation or demolition’. Ok, this is not a fixer-upper by any means - in fact, the listing on clearly states, ‘the property is not in habitable condition and therefore viewings of the property are not able to be offered. Let's take a look at 10 of the cheapest houses in Australia right now.ġ. ![]() ![]() So if you're willing to roll up your sleeves, you might just have yourself a dream home, whether it's a tranquil rural getaway, holiday rental or countryside seachange. Yes, you read that right - we didn’t leave off any zeros! Hey, some will definitely need some work, and they might be a little remote, but compared to state median house prices, they're a bargain! More money in your pocket also means more options to renovate and expand. It may come as a surprise to you that there are houses for sale right now for under $50,000. The good news is that if you look off the beaten track, there are many rural towns with stacks of character where you get a lot for your hard-earned cash. With property prices in many Australian capital cities skyrocketing to record highs you will be forgiven for looking elsewhere in the hope of snagging a bargain.Īffordability is a serious obstacle, especially for first-time buyers in Sydney and Melbourne, where the median house price is close to or north of $1million.
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