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Work-in-progress houses going cheap all over Australia

Run-down houses are being offered for bargain prices across Australia.

Prospective house buyers across the country are joining in with the growing craze for snapping up run-down, derelict and unwanted homes for next to nothing.

A property in the Perth suburb of Kelmscott was recently advertised as the worst house in Australia by Perth Property Solutions, warning potential buyers that they were looking at "an A-grade dump".

But despite the reverse-advertising, the property was under offer less than 24 hours after going on the market as buyers scrambled to snap the building up for a bargain price.

Rob Caruso of Perth Property Solutions said he received an offer of just $50 for the house, which eventually sold for $240,000.

Five Victorian houses were recently offered for free on a website set up by Joe Torre, after he was inspired by the story of Coburg resident Saima Qureshi, who gave away her three-bedroom home for free on the condition that the new owners paid for it to be relocated.

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