Skip to content
Subscriber Only
Business
Economics

Goldmine on Fire Sale! It's Cheaper Than a House in Sydney

Fancy owning an Australian goldmine? One’s for sale on minegraveyard.com.au, and for the price of an average Sydney house, you could add a dump truck and huts for more than 300 miners.

The end of Australia’s biggest resources boom since the 1850s has left a trail of unwanted assets nationwide. With mines shuttered, workers fired and companies in liquidation, billions of dollars of plant and equipment are being snapped up by buyers from Southeast Asia to the U.S. on online auction sites at knockdown prices.