In a property market in which price spikes make headlines every other day, there are still pockets where properties can be bought for roughly the price of an SUV.
A round-up of sub-$100,000 listings across Australia reveals what is possible if buyers are happy to look further afield and roll up their sleeves. Each has a catch – for example, how about no bathroom or kitchen? However, all have merit, especially for buyers with the skills to rejuvenate them.
This is how far $100,000 goes in towns and cities around the country…
Ready to get dirty? A project awaits, about five hours north-west of Sydney. There is no bathroom or kitchen, and everything will need to be done from scratch. However, at an “accessible price point”, the listing says, whoever takes the plunge will score a property in a place where the median house price is almost $600,000.
Dubbo, on the Macquarie River, is best known among tourists as the home of the Taronga Western Plains Zoo.
This weatherboard house in the mining city, in outback Queensland, is ripe for someone with the nous and skills to finish it off and make it their own. Listed for $99,000, the property has timber floors and raw walls and ceilings, in one of the area’s best streets. Add a pool or a shed, the listing advises, and it could be the perfect family base.
Mount Isa’s mines produce lead, silver, copper and zinc. The industry supports the property market, which has experienced a 5.8 per cent median house price growth over the past 12 months.
“Calling all renovators, builders, and visionaries!” says the listing, in a historic west coast hamlet of Tasmania. Beyond the canary yellow front door is … who knows! You’ll need to ask the agent for pictures or inspect it yourself.
The vendor, hoping for $80,000, is open to leaving building materials for the buyer as a helping hand. The water and power have been switched on, so all the buyer has to do is sharpen their tools.
The elevated timber home has retained almost all of its heritage character, including VJ walls and a handsome verandah. The high-set house is on a substantial, 1012-square-metre block in the largest town in Queensland’s south-west. The dangling carrot is its price guide of $85,000.
Charleville attracts visitors who use it as a gateway for exploring the outback, and is a main drop-in point for local pastoralists.
The old timber church, sitting on more than 1000 square metres in a town on the Eyre Peninsula, has a price guide of $96,800. The buyer can access shops, schools and medical facilities in the city of Whyalla, about 50 kilometres away.
The church has dual street frontage and could be converted into a residence or business, the listing says. There are many fine examples of church renovations that the buyer can take inspiration from.
An affordable weekender or summer retreat is this two-bedroom cabin in a caravan park on the shore of Lake Glenmaggie, Gippsland. It comes fully furnished – just bring a towel and a toothbrush.
The layout has the potential for expansion by adding a third bedroom (where the shower has been removed, as per park rules). The site is within walking distance of amenities. Asking price? $65,000.
This $90,000 property in the Queensland town was once a church hall and is now a neat, single open space with a kitchenette and shower. Air-conditioned for the outback conditions, with a ramp for access, carpeting and built-in shelving. It may be suited to worker accommodation, the listing advises.
The town has been written into Aussie folklore. It inspired the Slim Dusty song Cunnamulla Fella, about a stockman who subsists “on damper and wallaby stew”.