Houses going for a song away from mortgage belts

Thursday 04 June 2009

Article by Mozo

Australians could pick up a home for less than the cash available under the first-home buyers grant, news.com.au has found.

The news site has searched far and wide to see what kind of property is available for $14,000 or less and found a few bargains that may be appealing to cash-strapped Aussies not afraid of a spot of graft.

Although buyers will be lucky to find a parking space for less than the grant, properties are going for a song in parts of the country away from the biggest mortgage belts.

News.com.au reports: "In Rockhampton, a three-bedroom Queenslander ‘with pine interior’ has been on the market for two months, listed for $9,000. The catch: the proud new owners will have to cart the house away, since the sticker price doesn’t include land."

However, it notes that with millions of Aussies rightly worried about home loan debts, a knock-down property such as this may be particularly appealing.

In a separate report, the Herald Sun has this week revealed that many Aussies are looking to make a quick buck by taking part in clinical trials, with the number of applications doubling in the past year.

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