Cheap buy-in for savvy Mallee investors

A home at 6-8 Hoban Street, Watchem, is on the market for $49,000.

A home at 6-8 Hoban Street, Watchem, is on the market for $49,000.

STORIES of property in the Mallee being on the market for under $50,000 aren’t entirely unprecedented.

But it’s rare to have a town’s old bakery and post office thrown in.

That’s the case with a listing in the southern Mallee town of Watchem, where the asking price for 3250 square metres of land is $49,000.

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