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RE: Derelict knob

in Urban Exploration3 years ago (edited)

Super interesting post. There are so many rural Australian towns like this, though this is in worse shape than others I have seen.

Its funny that given the mine re-openned in 2015 the town hasn't come back to life.

I bought very cheap property in the remote NSW town of Collarenebri which has around 650 people about 15 years ago. It had some abandoned properties but still had shops, a school and a hospital and the Barwon river. It wasn't a mining town but was an agricultural hub that had lost its status to larger towns like Moree 150km away.

While I bought them to put solar panels on to get a feed in tariff, one property had a house (amoungst other buildings), which I spent about $30k doing up and now rents for $250 a week, much more than I expected.

It turns out that Federal government rent subsidy pays half the rent at that price so it pushed rents up.

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The entire town was for sale actually, the mining company bought it. Houses were $35,000 and land $15,000. Very cheap. Most of the houses are not in livable condition really, but a few opportunists went there and snapped up a house and now live very cheaply, if very basically.

Actually those prices are a bit high for a town with no shops or facilities and only 100 people.

I paid $35,000 for a large main street plot with a house and a 360 sqm former supermarket and a 60sqm shop and two big sheds.

I paid around $15,000 for 1000 sqm land on a quiet street of Collarenbri, which has much more facilities (incl a public olympic swimming pool and a school which the Feds spent $5M renovating.