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A vendor wanting to sell a 32-year-old home didn’t want the time and cost risks of construction. But a quick touch-up gave a big lift in looks – and price.
There’s an end in sight to the cycle of increases that has thrown the east coast-dominated housing market into decline. But it’s not making investors rush back.
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.
Home owners are fretting more than they should about missing out in a falling market, estate agents say.
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...