With house prices soaring around the country, you would be hard pressed to find real estate any cheaper - or with as much historical gravitas - as in Terowie.
The old railway town, which lies around 220 kilometres north of Adelaide, was founded back in the 1870s, during South Australia's pioneering days.
The cheapest property currently up for sale in Terowie is a four-bedroom stone house with an asking price of $150,000. The house had been on the market for about six months, with the owner possibly willing to come down in price to $130,000 for the right buyer, Hogarth said. But one major change to the railway line caused the town's population to shrink rapidly in the 1970s.
"There's a great history there and it's a great little town with wonderful, beautiful stone cottages," he said.While Terowie once had two pubs, two primary schools and a hospital, the town is much quieter these days.Leanne Adams has been running Terowie's general store for the past 15 years.Adams said many of the locals who live in Terowie had been there for most of their lives.