One-person town Yarrabandai’s $100k mega land deal under offer

Forget the city squeeze – a property deal so extraordinary it sounds like fiction has captured the attention of property hunters, proving that Australia’s bargain hunt remains alive and well.

Nineteen blocks of rural land, along with an original cottage in the one-man town of Yarrabandai, were recently listed for an astonishing $100,000.

While the weathered cottage is more of a fixer-upper than move-in ready, its potential was undeniable, with multiple offers received for the expansive 20,200-square-metre parcel within mere days of hitting the market.

For less than the price of a luxury SUV, selling agent Tara Kelly of Century 21 – Central West stated that the property offers a massive slice of the Australian dream.

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While the property is yet to formally change hands, Ms Kelly confirmed to News Corp that the multi-lot sale is currently under offer but has not yet settled.

“It was actually very popular (which was surprising) as it’s basically out in the middle of nowhere,” she said.

“It’s kind of a little ghost village. There’s only a population of one out there, so I guess that was the reason for the pricing – that and it was zoned rural.

“So even though it has the different lots, it’s not like you can build on each lot (without council re-zoning).”

Multiple lots along Henry Parkes Way, Yarrabandai, NSW have sold for just $100k

An aerial image of the one-man town. Source: Google maps

The sale also included a weathered cottage.

Ms Kelly mentioned that the property attracted multiple offers, with the winning bid placed by a cash buyer.

“I wish we had another 100 of them to sell because it was really very, very popular,” she said.

“We had multiple offers and lots of interest.

“It’s surprising how many people are looking to buy something with cash, so they have no mortgage… which was the profile of the buyer.”

Advertised as a “rare land package opportunity” on realestate.com.au, the deal may certainly be considered the bargain of the century .

For context, the most recent sale in Yarrabandai was a two-bedroom house on a much smaller 1012-square-metre block, which sold for $65,000 in late 2023.

The home has certainly seen better days…

…and needs a good clean up.

By comparison, this 19-lot bundle offers nearly 20 times the land for only $35,000 more.

The Lachlan Shire Council, which governs the area, has identified a lack of housing as a key challenge in its strategic plan for 2025–2035.

With the region’s population ageing, there’s a growing need for diverse housing options – making this property a potential goldmine for developers or those with a creative vision.

A rural lifestyle with a dash of culture

Yarrabandai itself is a quiet speck on the map, but its surrounding towns are rich with history and culture.

Just a 45-minute drive away is Parkes, home to the world-famous CSIRO Parkes Radio Telescope – affectionately known as “The Dish” – which was one of several satellites used by NASA to televise the Apollo 11 moon landing in 1969.

This moment was famously captured in the Working Dog Productions film The Dish, starring Sam Neill.

Parkes is also home to the annual Elvis Festival.

One of the dusty roads dividing the allotments.

The property is ideal for those seeking a quiet rural lifestyle.

Meanwhile, Forbes, another nearby town – located just 40 minutes from Yarrabandai – boasts a charming mix of heritage landmarks and a median house price of just $420,000, according to PropTrack, making it one of the most affordable regional centres in the area.

The median has dipped 2.9 per cent over the past 12 months but has risen 47.4 per cent over five years.

As for Yarrabandai, there is no central township, although there are reminders of its old rail siding, which began operation in the late 1800s to help the region’s sheep and livestock growers transport their goods.

The post One-person town Yarrabandai’s $100k mega land deal under offer appeared first on realestate.com.au.