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 |
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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.
