Australia’s cheapest house sold in WA for $8000 as experts predict how property market will unfold in new year

Australia’s cheapest and most expensive houses sold in 2023 have been revealed, as experts predict how the country’s property market will unfold in the new year.

A property in remote WA has been revealed as Australia’s cheapest house sold in 2023, which was put on the market for less than the price of a second-hand car.

The $8000, three-bedroom house on George Cowcill Street at Kambalda East sold in June 2023.

Kambalda East is a town in the Goldfields-Esperance region of Western Australia, located about 631km east of Perth with an approximate population of 802.

The property was built in 1969, has one bathroom and had been home to a hoarder.

Camera IconA three-bedroom house on George Cowcill Street at Kambalda East in Western Australia in June sold for just $8,000, making it Australia’s cheapest house Credit: realestate.com.au/suppliedCamera IconA three-bedroom house on George Cowcill Street at Kambalda East in Western Australia in June sold for just $8,000, making it Australia’s cheapest house Credit: corelogic/suppliedAustralia’s cheapest houses in 2023$8,000: 14 George Cowcill Street, KAMBALDA EAST, Western Australia, June 2023$19,000: 78 Shaw Street, COOLGARDIE, Western Australia, June 2023$19,000: Lot 60, Chadwick Road, COOBER PEDY, South Australia, April 2023$23,000: 6 Sirdar Place, MOUNT MAGNET, Western Australia, April 2023$26,000: Lot 39, Hospital Road, ANDAMOOKA, South Australia, October 2023

Source: PropTrack, REA Group’s realestate.com.au

Camera IconIn 2023, $19,000 bought a three-bedroom house at Coolgardie, 555km north-east of Perth Credit: realestate.com.au/Tony Maddox Re/supplied

On the other end of the spectrum is Australia’s most expensive house sold in 2023, which was revealed to be a mansion in Bellevue Hill, Sydney.

Boasting panoramic views of Sydney Harbour Bridge and the Opera House, the ritzy property was purchased for $76 million — which is a staggering 9500 times the selling price of Australia’s previously mentioned cheapest house.

The buyer, a flower wholesaler, bought the 1891 heritage-listed home known as

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