Where you can snap up a home for just $30,000
More than a dozen homes in the mining town of Coober Pedy are being auctioned off for as little as $30,000 for an unusual reason.
The properties in the regional South Australian town are being sold in an attempt to recoup unpaid council rates.
Andrews Property director Warren Andrews said 16 properties are up for sale, due to years of outstanding rates payments.
They ranged from residential blocks, commercial premises and incomplete underground dwellings or “dugouts” that needed plumbing or electricity fitted, he said.
Andrews went on to say that some properties were in good condition, while others needed major refurbishments.
Their prices started from about $5000 for an 800sqm residential block, to $800,000 for an entire office building.
Andrews said the prices were great value for money, as prices that low wouldn’t be commonly seen outside the regional town.
The price of a three-bedroom home varied between $30,000 to $550,000, he said.
“I’m expecting a lot of buyers to be external. Coober Pedy attracts a lot of interest from NSW and Victoria. It’s very cheap real estate,” he said.
The town of Coober Pedy is located in the centre of South Australia, nine hours from the capital of Adelaide and boasts a population of only 1,500.
It is known as the “opal capital of the world” for its opal mining.
Coober Pedy real estates and the district council have long been auctioning off homes in the hopes of recouping outstanding rates payments, as in 2021, 33 properties went to auction for the exact same reason.
Although the town of Coober Pedy is located deep in the outback, Andrews said people have already shown interest on the auctions, with many seeing it as a desirable place to live away from bustling city life, or a great place to purchase an investment property.
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