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Sydney property: Magic won't happen at the moment, says agent who sold Chippendale apartment for $150,000 less than its purchase price - Vimarsana News

Sydney property: Magic won't happen at the moment, says agent who sold Chippendale apartment for $150,000 less than its purchase price

To sell an inner-city Sydney apartment today requires frank conversations with vendors, and a clear price guide for buyers. This one sold for $150,000 less than five years ago.

Source: afr.com
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Duncan GradyAgent Duncan
Coronavirus Australia: Investors are selling apartments to buy bigger houses, as shown by this unit in North Sydney - Vimarsana News

Coronavirus Australia: Investors are selling apartments to buy bigger houses, as shown by this unit in North Sydney

Share We speak to the team behind the weekend’s most intriguing property sale. The property: A one-bedroom, one-bathroom apartment at 68/48 Alfred Street, Milsons Point, NSW. Sold before auction for $925,000. Who was the agent/agency? Todd Houghton, Duncan Grady, Raine & Horne North Sydney. How long was this on the market? [Grady] Two-and-a-half weeks. The one-bedroom apartment at 68/48 Alfred Street, Milsons Point, NSW, sold for $925,000.  Why did this one sell? [Houghton] The clients buying this were people from out of the area, wanting to secure something close to Sydney. They bought it...

Source: afr.com