Australia's cheapest houses - Mullewa's $60,000 offerings: Investar

Australia's cheapest houses - Mullewa's $60,000 offerings: Investar
Australia's cheapest houses - Mullewa's $60,000 offerings: Investar

Mullewa is the cheapest suburb to purchase a house across Australia, according to Investar’s latest market report.

The property investment firm states that the median price for a house in Mullewa is $60,000.

Mullewa is a town in the Mid West region of Western Australia, 450 kilometres north of Perth and 98 kilometres east-northeast of Geraldton.

It is the gateway to Wildflower country.

Its affordable pricing is followed by Norseman in WA at $65,000 and Andamooka at $75,000 in South Australia.

Suburb

State

Dwelling type

Bedrooms

Median listing price

Mullewa

WA

House

3

$60,000

Norseman

WA

House

3

$65,000

Andamooka

SA

House

1

$75,000

Zeehan

TAS

House

3

$78,500

 

       

Mullewa has a four bedroom home at 68 Jose St (above) that is for sale for $65,000. It last sold at $69,000 in 2006.

Another example would be a three bedroom home at 8 Main Road (below) that is for sale from $65,000.

The fibro residence, on 849 sqm, is tenanted at $185 per week, an almost 15 percent gross rental yield.

Australia's cheapest houses - Mullewa's ,000 offerings: Investar

 

Tags: 
House Prices Investar

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