Global Power | Local Knowledge | Uniquely Personal
中文

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.

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

Subscribe Now