Earlier this year an Enfield building in Sydney’s Inner West needed to be demolished after a wall, which adjoined a construction site, began to collapse during the night.
A sign of Sydney’s crazy property market is clearly displayed when people are willing to purchase a home without seeing inside or even getting a building and pest inspection done.
Property sellers could easily lose up to $90,000 and have fewer bidders at auction by scrimping on fixing the front fence or tidying-up the garden.
Manly residents are all sitting up to watch how much the 100 year old, derelict cottage located in Bonner Avenue will go for on auction day.
A house similar to the dilapidated old shack pictured will set you back $2.46 million in the suburb of Merryland (that’s what someone paid for a similar house in June 2015)
Ageing apartments in suburbs around Sydney, particularly in the eastern suburbs, lower north shore and southern beach suburbs, should be knocked down to make way for more modern replacements.