Thanks to the property downturn, some houses are going for $7,000

PHOTO: The $7,000 house in Hay. (Source: realestate.com.au)

It ain’t much to look at, but it’d cost you less than a second-hand car.

According to realestate.com.au, a home on Murray Street in Hay, a town in NSW’s south west, was the cheapest house sold this year at $7,000.

Sitting on 506 sqm, the dilapidated house has all been written off because it required so much work done, said real estate agent Therese Murphy.

“The house was trashed and there were loose bricks everywhere,” she told realestate.com.au.

But the rock-bottom price worked – buyer interest surged after the house was listed under the four-digit figure.

It’s not the only house in Australia with discounted price tags – a number of other houses in Australia have been selling at eyebrow-raising prices that could give some first-home buyers a foot in the door.

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