There is a yacht club in (Andamooka), the small town of Andamuca, South Australia, but none of the yachts are inside. There is only one asphalt road in the whole town, with a lot of old buildings on both sides.
A house with an area of 768 square meters has recently traded for just A $15,000. Last year, 29 properties were traded in the town of Andamuka, including a 1137-square-meter oversized four-bedroom house that sold for just A $70,000.
According to real estate research firm CoreLogic, the median value of Australian real estate is A $552000 and the price of ordinary property in capital cities is about A $655000.
Prices in the small town of Andamuka are still on a downward trend, with the median price of independent homes down 8.9 percent last year and 76.0 percent over the past decade.
The town of Andamuka rose due to the mining of Australian gems, and the rise and fall of the town changed with the Roxby-Daunes (Roxby Downs) not far away. After the mining boom ended, Roxbi Downes area housing prices also showed a downward trend. Most of the inhabitants of Andamuka work in Roxby Downes, or retired. An estate agency in Andamuka called Andamuka "a mining town in the wild," and attracted some buyers because of its proximity to other mining towns.
Australia`s second-cheapest town is also a mining settlement, (Norseman)., a small Northman town in the (Esperance) region of Esperance, Western Australia. Northman is about 726km from Perth, the capital of Western Australia, with a population of 600people and a median property price of A $39500.
The new state property does not seem to have anything to do with cheap property, but there are still some cheap properties in the state, just a little far from Sydney, the capital.
(Lightning Ridge), the cheapest town in New York, is also an Australian gemstone mining town. Lightning Ridge`s median real estate price was A $95000, just below the median price of A $100000 for the Brocenhill (Broken Hill).
Sydney`s cheapest urban area is still (Ambarvale). In Anbar, in the (Campbelltown) district of the town of Kimbo. The median price of a local apartment is about A $ three hundred and sixty thousand.
The cheapest area in Australia (median independent house price):
South Australia, Andamuka, $34625
Western Australia, $39,500
Talla, Queen`s town (Queenstown), A $67000
Dechart (Dysart), Kunzhou, A $75000
Rosbury, Tata, $76250 (Rosebery),
The cheapest area in new state:
Lightning Ridge, $76250
Brooke Hill, $100000
Picco Mountain (Peak Hill), A $105250
Braverina (Brewarrina), A $110000
Lake Cajerigo (Lake Cargelligo), A $130000
The cheapest area in Victoria:
Bill Chip (Birchip), A $87500
Tim Bora (Dimbola), A $102000
Wallaknabil (Warracknabeal), $109000
Motoa (Murtoa), A $115000
Donald (Donald), $117000
The cheapest area in Kunzhou:
Deshalter, $75000
Corinville (Collinsville), $77500
Richmond (Richmond), $77500
Mora (Moura), $80000
Canamara (Cunnamulla), A $85500
