This house in the South Australian town of Mount Burr sold for $45,000 after the local mill's closure at the turn of the century, but house prices are rising sharply.
Supplied: South East Property Sales and ManagementHouse prices have risen sharply in Mount Burr with rising sales in other parts of the South East boosting confidence.Other houses are on sale in Mount Burr for around $300,000.A house in the small South Australian town of Mount Burr has sold for $425,000 — a record for the location and almost 10 times what the property sold for in 1999.
With house sales in South Australia's South East up 10.7 per cent on the year before, according to PropTrack, and up 78 per cent since March 2020 to an average of $494,000, agent Deon Howell said people were confident in doing renovations, even in small towns. The houses are almost all built out of wood rather than brick or stone, which are more typical in South Australia. Mr Howell said this was appealing to buyers from Victoria and NSW.
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