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Christopher Niesche: House prices in Australia have come roaring back to life
4 Apr, 2021 05:00 AM
5 minutes to read
Like New Zealand, house prices in Australia are rapidly scaling new heights. Photo / Getty Images
COMMENT:
By any measure the house for sale at 76 Nicholson Parade in Australia s Cronulla is a dump. The derelict two-bedroom home in Sydney s south had been lying derelict for 35 years, is uninhabitable and was in such poor condition the estate agents had to warn potential buyers to watch their footing as they inspected the property.
As the auction got underway in pouring rain last weekend and the buckets the real estate agents placed in the kitchen to catch water from the leaking roof quickly filled up, buyers were unperturbed.
Australian Home Prices Grow at Fastest Rate in 32 Years theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.