Infamous Snowtown bank for sale: Title Tattle

Infamous Snowtown bank for sale: Title Tattle
Jonathan ChancellorFeb 19, 2012

The infamous Snowtown bank has been listed for sale.

Hale Real Estate director Nigel Christie says the Snowtown property has a $200,000 price guide. It’s located about 150 kilometres north of Adelaide.

Convicted murderers John Justin Bunting and Robert Joe Wagner used the former bank's vault to store their victims’ bodies in barrels in 1999.

The bank has more recently been used to shoot scenes for the film Snowtown.

It comes with the four-bedroom former manager's residence for the State Bank of South Australia.

The property on a 1,000-square-metre corner block on the corner of High Street and Railway Terrace needs updating, Christie says.

"It has this solid brick home, which is in excellent condition, which you could rent out, plus it's got a shop you could rent out," he adds.

"The vendor used the bank as a music room and games room," he told Adelaide Now.

Buyers’ agent Tim Mansfield says selling agents have a duty to tell buyers if a property has an unsavoury past.

A High Street four bedroom house set on a 1618 – which has a rental return of $150 per week – is currently listed at $158,000 through Butterfield Real Estate.

A five-bedroom timber cottage on Railway Terrace listed at $89,000 appears to have been snappily sold.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.