In 1991, the average price of a home in Sydney was $183,000 which is miniscule by todays prices.
However one home buyer managed to secure a home in Tempe that same year for just $40,000. Even after renovations estimated at $35,000, the home buyer would still have a bargain on his hands.
The home featured in the article is located at 34 Barden Sreet, Tempe.
Source: Howe, M. 1991. "$40,000: Sydney's cheapest home". The Daily Telegraph Mirror, November 19: 7.
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