Real estate: Where you can buy a house for under $40,000 - realestate.com.au

Whilst the property may be the cheapest house a person could theoretically live in, there are vacant blocks of land in Broken Hill that are available for $40,000 or less – with the cheapest being $25,000 for a 680 sqm block of residential land.

The longest period the house was on the market was 596 days, initially being listed in 2011 and taken off the market in 2013.“The property has stood vacant for many years and has deteriorated without general upkeep and an owner being present,” Ms Bennett said. People that are currently struggling to get on the property ladder in city areas could come to Broken Hill for an easier opportunity.

Demand for cheaper real estate in NSW would be driven, not only by rising home ownership costs in Sydney, but a broad shift by some professionals who worked from home to seek a lifestyle change.

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