Two parties registered for the spacious luxury home with a rental return of $1300 a week and south-facing leafy views.
Some of Sydney’s ritziest suburbs have recorded falls in house prices,even as competition increased in more affordable areas.
It’s got neighbourhood spirit,great infrastructure and it’s within walking distance of the beach – but at a lower price point.
Even an interest rate cut and first home buyer policies announced in the election campaign won’t necessarily help a typical wage earner to buy the average house.
The five-bedroom home has been rebuilt into a contemporary coastal retreat,and could be a lucrative investment for the new owner.
Prices have soared again,but it is possible to buy a home at this price point if you can find the right places to look.
How would their housing policies affect a high-income couple in Sydney,a median-income couple in Melbourne and a low-income couple in Brisbane?
The typical Sydney house costs $28,200 more than three months ago as interest rates started to fall,but some areas rose more than others.
The $3.89 million beach house will be listed for private sale,as the couple said it deserves a market that is “confident and optimistic”.
Young people who feel locked out of the property market say neither of the major parties’ strategies will help solve Sydney’s housing crisis.