Bondi Bonanza

February 24th, 2022

Bondi Bonanza

2022-02-24 02:19

The idea that property prices were about to wane was scuttled last month with this sale in Sydney. There were a number of auction outcomes that stunned commentators but this one took the cake. A run-down, semi-detached house in Bondi was listed with a guide of $4.95 mil. After wild scenes during the auction with multiple bidders competing, the hammer came down at $5.65 mil – $700k over the reserve.

Similarly, a one-bedroom apartment in Birchgrove was first advertised for $750,000. It managed to sell for $1.532 mil – doubling its estimate.

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