This could be Australia's most affordable mansion
What could well be Australia’s cheapest mansion has been found – and it's listed for roughly a quarter of the value of Sydney’s median house price.
89 Harris Street in Queensland's coastal town of Emerald is a Spanish-style property located three hours inland from Rockhampton, and it's on the market with an asking price of just $360,000.
With a sweeping footprint, four bedrooms and statement kerb presence flourished by nine handsome arches, it is a true bargain.
"EXTENSA MANSIÓN ESPAÑOLA!" headlines the listing. In English it translates to "extensive Spanish mansion".
The town has experienced strong house price growth over the past five years.
"This sprawling Spanish type mansion is one of a kind for sure. Extremely deceptive from the street, you will not believe the layout of this home," the listing reads.
The vendors paid $300,000 for the five-bedroom, Spanish Mission-inspired property nine years ago, Domain's Pricefinder data shows. They scored it for under the asking price at the time, with historical campaign records on Pricefinder showing a $400,000 price guide.
A mid-range home in Sydney, Australia's highest-value capital city, hovers around a median of $1,552,000.
Inside Harris Street, vast red-tiled floors, wood chandeliers, a fireplace with an ornate chimney and decorative sconces in the living rooms and bedrooms lend character true to the Spanish style.
The outdoor zone shows enormous promise, with a deep patio and large, built-in brick barbecue beneath an angled roof, with exposed beams.
The median house price in Emerald is $345,000, according to Domain's latest House Price Report.
Image: Getty