First published 12 Nov 2026, 9:51am
A house in a remote South Australian town in need of a new lease of life was Australia’s cheapest home sale in October, changing hands for just $47,000.
The sale of the Coober Pedy home was a tiny fraction of Australia's median house price, which reached $871,000 in October, according to the latest realestate.com.au Home Price Report .
Sales data from realestate.com.au has uncovered the cheapest property sales across the country last month, with low-priced properties uncovered in every state, including a $75,000 house in Queenstown in Tasmania, a $100,000 property in Broken Hill in NSW and a $187,000 unit in Canberra.
Here's a glimpse inside some of Australia’s cheapest properties to change hands in October.
An interstate investor snapped up 214 Ferrall Street, Coober Pedy and has wasted no time in bringing to back to its former glory.
The circa 1970s-80s built two bedroom, above-ground home had been vandalised but the new owner could see it was in good condition with only cosmetic work needed.
This fixer-upper in Coober Pedy, where most homes are located underground, sold for $47,000. Picture: realestate.com.au/sold
“He's already gotten in touch with the glazier, even though I only settled on Friday,” said sales agent Misty Mance from Andrews Property .
“He's planning all the materials he needs to fix the walls and bits and pieces. So he's very, very much looking forward to it. He said to me, ’I wouldn't recognise it in six months’."
A character-rich three bedroom in Queenstown in Tasmania cottage was Australia’s second cheapest sale, selling for $75,000.
This three-bedroom Queenstown home sold for $75,000, although it's in need of restoration. Picture: realestate.com.au/sold
Advertised as “ready for its next chapter” 71 Driffield Street , showed images of a bygone era with retro orange and brown wallpaper, green kitchen cabinetry, bold carpets and a dated bathroom
A lengthy list of repair works did not deter interest in this 1950s built Broken Hill renovator’s delight , which was snapped up for $100,000 ahead of its scheduled auction.
Sales agent Mitchell Halpin from Broken Hill First National said the home was placed on the market after the vendors realised the works it required were too big a job.
A half-renovated property in Broken Hill sold for $100,000. Picture: realestate.com.au/sold
“It needed a full reno…. re-flooring, restumping floors through the property, it needed a kitchen and bathroom done,” he said.
“The property had been partially or mostly rewired, had a new roof on the home as well, but then you needed to do external cladding. It needed to full renovation front to back, not top to bottom.”
In rural Victoria, strong buyer interest saw the sales agent field 42 offers to buy this 50-year-old, four bedroom home advertised for $79,000.
The fact that the home needed re-stumping and other works proved to be no deterrent, as it sold well over its asking price for $105,000.
This house just off the Sunraysia Highway in Speed, a town of 53 people in western Victoria sold for $105,000. Picture: realestate.com.au/sold
Sales agent Brett Driscoll from Ray White Mildura said 12 groups attended the first home open, with offers ranging from as little as $5000 to $105,000.
The new owners of 1 Goudie Street, Speed, are relocating from South Australia, and Mr Driscoll said buyer interest was mainly from owner-occupiers from across the country.
The retro property needed repairs and restoration. Picture: realestate.com.au/sold
“I had interest I think from nearly every state,” he said.
“I had quite a lot of buyers that were either Melbourne based, or sort of towards Melbourne, and Queensland and New South Wales interest as well.”
The cheapest home sale in WA was 3 Day Street, Kulin in the state’s Wheatbelt, selling for $140,000.
This house in Kulin, about three hours drive inland from Perth, sold for $140,000. Picture: realestate.com.au/sold
The two bedroom home’s listing noted it might need updating but had a functional layout and would suit first home buyers, renovators, or investors.
Advertised as “a renovation project at an affordable entry point”, 11 Ridgeway Street, Charleville was snapped up by interstate travellers for $100,000.
The character timber home was a two bedroom property but previous tenants had removed a wall making it a one bedroom residence.
It was in need of stump work, veranda repairs and other general maintenance works, which included termite damage.
The rustic property had a rich history. Picture: realestate.com.au/sold
“It was an old railway house that was built for American soldiers in 1992,” sales agent Becky Jeisman from Charleville Real Estate said.
While termites had deterred many buyers, a South Australian couple paid cash and were relocating to renovate the property.
In the Northern Territory, a one bedroom, one bathroom apartment in Mount Johns with MacDonnell Ranges views was snapped up for $175,000.
The outback rental property on the outskirts of Alice Springs sold for $175,000. Picture: realestate.com.au/sold
The tenanted property was in excellent condition and the complex included well-maintained lawns and gardens, a swimming pool and a basketball court.
A ground floor studio apartment in Lyons was the Australian Capital Territory’s cheapest sale at $187,000 last month.
A compact unit in Canberra sold for $187,000. Picture: realestate.com.au/sold
Offered in its original condition, the one bedroom apartment’s location was noted as a “real standout” for its proximity to local shops and the Woden Town Centre.
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