In Sydney, $750,000 will buy you a small unit in the inner city. In Melbourne, that will get you a two-bedroom townhouse. But in Queensland, you could use that money to buy a whole town.
Yes, that’s right – the entire 16-home town of Allies Creek is up for sale.
There doesn’t appear to be a catch either; Sutton Nationwide Realty agent Julie Sutton said the options for the property are limitless.
“It’s totally up to whoever buys it what they do with it, the possibilities are really endless.”
Near Monogorilby, the central Queensland town, just 58 kilometres from Mundubbera and 373 kilometres from Brisbane, comes with a host of features.
As well as 16 individual queenslanders – a combination of two, three, and four-bedroom homes – the property includes three saw mills, street lights, streets, a Telstra depot, and a mountain of equipment.
There’s also an old school hall perfect for events or community gatherings, and a giant dam full of fish and fresh-water crayfish.
Ms Sutton said half of the homes are currently tenanted, so buyers could live off that income or develop the property in to anything they like.
“It could be set up as a caravan park, or used for music festivals; all 40 acres are cleared.”
The saw mills are decommissioned, but Ms Sutton said they could be reopened by a keen vendor, as the property also comes with enough commercial equipment to undertake some serious heavy duty work.
“It comes with so much; a 25-ton excavator, a crane, a big mulcher. Just even what’s in the houses themselves,” she said.
The property was first put on the market last year for $2.1 million by the husband and wife owners. The price was later dropped to $1.5 million. However, after the death of her husband the vendor decided to slash the price in half.
With the vendor keen to sell, Ms Sutton said it should sell quickly.
“The interest has been incredible, so we’re anticipating it will sell soon.”