This freestanding, three bedroom home in Marrickville is being sold at auction by the Marrickville Council to recoup unpaid rates.
The data was collected from May 2014 to May 2015 and examined how much the listed property price fell during that time on average.
The prestigious Northern Beaches suburbs of Mona Vale and Avalon showed an average drop of properties sold via private treaty falling at 6.7% and 6.6% respectively. Continue reading “Price Discounting On Northern Beaches Properties”
Whilst the WestConnex motorway development might help Sydney locals create 9500+ jobs and bypass 52 traffic lights, it seems that the land acquisition team responsible for making offers on properties lying along the proposed route have bypassed fair market value in their offerings to home owners.
What could cause a 56.5% increase in the median housing price in a suburb in one year?
Although for most sellers in Sydney now is a rosey time to have your property on the market it appears that some vendors in Sydney’s Eastern, Northern Beaches and North Shore suburbs may be over reaching on price.
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)
Property in Dulwich Hill appears to be on the rise since the light rail linked the inner west surburb to Sydney’s CBD in early April 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.
Saturday the 8th of August was destined to be a record smashing day with 848 auctions scheduled across the city.
As the many Sydney Auctions haven’t been faring well, North Shore property sales have boomed in February with multi-million dollar homes sold under the hammer in front of packed crowds.