Core Viewpoint - The cheapest house in Australia has been sold after a prolonged period, with plans for renovation into a short-term backpacker accommodation [1][7]. Group 1: Property Details - The property, located at Van Brugge St 527 in Coober Pedy, was previously listed for AUD 20,000 and was the cheapest property on RealEstate [3][12]. - The house was in a severely dilapidated condition, with significant damage including missing walls, a broken sink, and debris throughout [5][9]. - The last resident was a Greek woman who maintained the property well until her passing, after which it fell into disrepair [9]. Group 2: Buyer Intentions - The buyer intends to restore the house to address the accommodation shortage for backpackers, particularly those on a working holiday visa [7]. - The renovation is expected to be labor-intensive due to the extent of the damage [5][7]. Group 3: Market Context - With the sale of this property, the title of the cheapest property in Australia has shifted to another house in Coober Pedy, listed at AUD 28,000 [12][13]. - The market for low-cost properties is seen as a potential opportunity for first-time buyers or those unable to afford more desirable homes [13].