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Adelaide’s housing boom continues with run-down home selling for $750,000 above asking price

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A dilapidated house with propped up walls has sold for $750,000 more than the asking price in Adelaide, where buyers and sellers are seeing big price bumps in recent months.

The cottage at Glenunga, in Adelaide’s inner-south-east was advertised for three weeks before being sold at auction for $2.05 million, despite its condition.

Agent Daniel Oliver had a feeling it would gain plenty of interest after advertising for the 1,200-square-metre property went live.

“Within two hours we actually got an offer that came in at $1.5 million, which was…



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