Core Insights - A property in Coober Pedy, South Australia, is being marketed as the cheapest in Australia, priced at only AUD 20,000, which is less than the cost of a hatchback car [1] - The property has attracted a buyer who is interested in purchasing the dilapidated house located at 527 Van Brugge St [1] - The real estate agent humorously noted that the house has more "windows" than other listings, referring to the holes and debris left by vagrants and graffiti artists [1] Property Details - The three-bedroom property will be sold "as is" and requires some cleaning work [3] - The property was previously a family home but was vacated due to unforeseen circumstances [3] - The agent believes the project is suitable for those with time and vision, as property prices in the area are on the rise [3] Market Trends - Coober Pedy is experiencing significant growth in property prices, with the median house price nearing AUD 100,000, having increased by 24.4% over the past 12 months [5] - The current median price in the area is AUD 99,500, up from AUD 69,000 just two years ago [5] - The low property prices, high return potential, and job prospects in the area are attracting investors from various regions, particularly New South Wales and Queensland [7]