One-man Yarrabandai’s $100,000 mega land deal on offer – realestate.com.au

Forget the city rush – a property deal so extraordinary it sounds like fiction has captured the attention of property hunters, proving Australian bargain hunting is still alive and kicking.

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.

Although the weathered cottage is more of a fixer-upper than move-in ready, its potential was undeniable: multiple offers were received for the sprawling 20,200-square-foot lot within just days of it hitting the market.

For less than the price of a luxury SUV, sales agent Tara Kelly of Century 21 – Central West said the property offers much of the Australian dream.

MORE NEWS

Marlboro Man’s ranch is up for grabs

$1 million+ less in 3 months: Australian suburbs hit hard

Delay in roof repair leads to shocking discovery

Although the property has yet to formally change hands, Ms Kelly confirmed to News Corp that the sale of multiple lots is currently being offered but has not yet been completed.

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

“It’s like a little ghost town. There’s only one person living there, so I think that was the reason for the pricing – and it was rurally zoned.

“So even though it has different plots, it’s not like you can build on every plot (without rezoning from the municipality).”

An aerial view of the one-man city. Source: Google Maps

---

The sale also included a weathered cottage.

---

Ms Kelly said multiple bids were made for the property, with the winning bid placed by a cash buyer.

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

“We had several offers and a lot of interest.

“It’s surprising how many people want to buy something with cash, so they don’t have a mortgage… which was the buyer profile.”

Advertised as a “rare land package opportunity” on realestate.com.au, the deal could 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 1,012 square meter block, which sold for $65,000 in late 2023.

The house has certainly seen better days…

---

…and needs a good cleaning.

---

By comparison, this bundle of 19 lots offers almost 20 times as much land for just $35,000 more.

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

As the region’s population ages, there is a growing need for diverse housing options, making this property a potential gold mine for developers or those with a creative vision.

A rural lifestyle with a touch of culture

Yarrabandai itself is a quiet speck on the map, but the surrounding towns are rich in 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’ – one of the many satellites used by NASA to televise the 1969 Apollo 11 moon landing.

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 that divide the allotments.

---

The property is ideal for those looking for a peaceful, rural lifestyle.

---

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

The median has fallen by 2.9 percent in the past twelve months, but has risen by 47.4 percent in five years.

As for Yarrabandai, there is no central municipality, although there are reminders of the old railway track, which came into use in the late 19th century to help the region’s sheep and cattle farmers transport their goods.