PHOTO: FILE
A real estate agent is proposing that a collection of seemingly abandoned homes in the outback could play a role in addressing Australia’s housing crisis. In the town of Mount Isa, Queensland, located 1,800km outside Brisbane, approximately 117 properties have been left vacant. John Tully, a sales agent from City and Country Realty, believes these neglected houses could offer a solution to the increasing demand for rental properties in urban areas and the challenges faced by first-time homebuyers.
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Tully points out that over the past decade, more than 50 unused homes have surfaced in Mount Isa, potentially indicating that individuals acquired these properties at lower prices years ago and subsequently relocated. He emphasizes that the required renovations are primarily cosmetic, asserting that the structures are not in a state of disrepair but have been abandoned.
Over 100 properties in the mining town have years of overdue rates and are likely abanonded. Picture: News Corp Australia
Highlighting the intense competition for rental properties on the east coast, Tully underscores the opportunity for individuals to purchase homes in Mount Isa, securing both a residence and employment. Local council records reveal that many of these houses have accumulated three years or more in overdue rates. While some might still have occupants, a significant number have been left unattended.
Tully argues that these neglected properties negatively impact the overall community, lowering the value of neighboring houses. He urges state and federal governments to provide grants for first-time homebuyers to renovate these rural properties, envisioning a swift resolution to the housing problem.
Real Estate Agent John Tully is encouraging struggling renters and homeowners to relocate to Mount Isa, where he says there are dozens of “abandoned” houses. Picture: Supplied
With a current median house price of $299,000 in Mount Isa, Tully highlights the affordability of housing in the area. He suggests that even after renovations, these homes could yield attractive rental incomes. Additionally, he emphasizes the lower competition for rental properties in the regional town, making it an appealing option for those seeking housing and employment opportunities.
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While Mount Isa faces a housing shortage, Tully contends that grants could stimulate construction activity, drawing more tradespeople to the area. Despite the national trend of rising house prices, Tully sees potential for growth in Mount Isa and urges individuals, both young and old, to consider relocating and investing in the revitalization of these abandoned homes.
SOURCE: NEWS.COM.AU
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