Yahoo Finance $340,000: Entire Aussie town goes up for sale
If Australia’s sky-high property prices are making homes in your local area look unaffordable, never fear: a tiny, and we mean tiny, Australian town has listed itself for sale for just $340,000.
That’s around 35 per cent of Sydney’s median house value.
The former mining town of Lappa is two hours’ drive from Cairns and has been put up for sale for the first time in more than three decades by the town’s ‘owner’ and mayor, Tim Prater.
The Far North Queensland one-acre town features just three buildings: a rustic train station, a single house (formerly a church), and a beerless BYO pub that also doubles as a museum.
Lappa’s closest neighbours are more than 5 kilometres away, but don’t turn your nose up at the tiny rural town – it’s powered by off-grid solar and NBN internet.
Prater listed the town for sale on Facebook last week, admitting that the sale “is not for everyone”.
“There is still work to be done to restore Lappa,” he wrote.
“The reward on completion is a perfectly placed stop for visitors to the Chillagoe Caves as well as a potential Lions Den of the Western Tablelands connected to Cairns via bitumen highway.
“Lappa’s charms include pristine seasonal creek and waterfall and rock pools an easy ten minute walk away.”
Prater said he purchased Lappa 32 years ago, and had initially planned to live there for only five years.
But his reasons for finally departing the small town are personal.
“My mother recently passed away and has left dad by himself,” he told 7NEWS Queensland.
Interested parties should get in touch with Prater via his Facebook post, which has already been shared more than 500 times, liked 350 times and has nearly 500 comments.
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