The ten cheapest places to buy a home in Australia

With just 316 residents and only one road, a tiny town in the outback has been revealed as the cheapest place in the county to buy a home.

The median price for homes in the dusty mining community of Andamooka, 600km north of Adelaide, is just $20,000 - less than the cost of a new Holden Astra Sedan.

The figure pales in comparison to the median price of $821,438 in Australia's most expensive city, Sydney.

This graphic shows the top five places in Australia with the lowest median house price, according to CoreLogic Data. The map compares these prices to the price in each state capital in the country. The place with the lowest median is Andamooka which is 600km north of Adelaide, South Australia

This graphic shows the top five places in Australia with the lowest median house price, according to CoreLogic Data. The map compares these prices to the price in each state capital in the country. The place with the lowest median is Andamooka which is 600km north of Adelaide, South Australia

The median price for homes in the dusty mining community of Andamooka (pictured), 600km north of Adelaide, is just $20,000 - less than the cost of a new Holden Astra Sedan. House prices in the town are almost entirely dependent on the health of the mining industry in the Roxby Downs nearby

The median price for homes in the dusty mining community of Andamooka (pictured), 600km north of Adelaide, is just $20,000 - less than the cost of a new Holden Astra Sedan. House prices in the town are almost entirely dependent on the health of the mining industry in the Roxby Downs nearby

Adamooka (pictured), which has just 21 days of rain each year, was established as an Opal mining settlement in the 1930s. The earliest miners lived in rough dugouts driven into the side of a slope - and many homes there now are simple structures on stumps built into hills

Adamooka (pictured), which has just 21 days of rain each year, was established as an Opal mining settlement in the 1930s. The earliest miners lived in rough dugouts driven into the side of a slope - and many homes there now are simple structures on stumps built into hills

The second cheapest place to buy a home is Balgal Beach, a suburb north of Townsville, Queensland where the median price is $25,000, according to CoreLogic data.   

In third place is the town of Curlwaa on the New South Wales-Victoria border where the median price is $30,000.  

Andamooka, which has just 21 days of rain each year, was established as an Opal mining settlement in the 1930s.

The earliest miners lived in rough dugouts driven into the side of a slope - and many homes there now are simple structures built into hills.

Homes currently for sale include a $20,000 run-down house (pictured) with one bedroom and one bathroom, built aside a mound of muddy earth

Homes currently for sale include a $20,000 run-down house (pictured) with one bedroom and one bathroom, built aside a mound of muddy earth

$40,000 can buy this quaint one-bedroom shack with space for car next to the town's one sealed road

$40,000 can buy this quaint one-bedroom shack with space for car next to the town's one sealed road

At the top of Andamooka's range is a six-bedroom house (pictured) with two bathrooms and space for three cars on sale for $255,000

At the top of Andamooka's range is a six-bedroom house (pictured) with two bathrooms and space for three cars on sale for $255,000

Homes currently for sale include a $20,000 run-down house with one bedroom and one bathroom, built aside a mound of muddy earth. 

Double that figure can buy a quaint one-bedroom shack with space for a car next to the town's one sealed road. 

At the top of the range is a six-bedroom house with two bathrooms and space for three cars on sale for $255,000. 

The top ten cheapest places to buy a home in Australia

1. Andamooka – South Australia

Median sale price: $20,000

2. Balgal Beach – North Queensland

Median sale price: $25,000

3. Curlwaa – New South Wales

Median sale price: $30,000

4. Collarenberi – New South Wales

Median sale price: $35,000

5. Meekatharra – Western Australia

Median sale price: $50,000

6. Dolphin Heads – Queensland

Median sale price: $51,0000

7. Leonorra – Western Australia

Median sale price: $51,500

8. Cunnamulla – Queensland

Median sale price: $52,000

9. Tingha – New South Wales

Median sale price: $52,500

10. Norseman – Western Australia

Median sale price: $52,800 

The second cheapest place to buy a home is Balgal Beach (pictured), a suburb north of Townsville, Queensland where the median average sale price is $25,000, according to Core Logic data

The second cheapest place to buy a home

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