Redback Boots boss Mark Cloros bought one of the worst houses on the best street and transformed it within two years. Now it’s time to hang up his boots.
A waterfront home with knockout views of Sydney Harbour is the fourth record-breaking sale in about as many weeks,and more buyers are looking.
Six parties placed bids on the five-bedroom house with swimming pool,and it soared more than $1 million above its reserve.
For single home buying hopefuls,the prospects are limited. Couples have more options – if they’re willing to compromise.
Three parties – a Mosman upsizer,downsizer,and a Balmoral investor – registered to bid on the five-bedroom house,which had a price guide of $8 million.
More than one in four sellers in some unit-heavy neighbourhoods are losing money,but there could be some improvement ahead.
They were among 11 buyers,mostly first timers flanked by their parents,who registered to bid on the two-bedroom apartment.
They outbid eight other buyers for the two-bedroom home spanning just 76 square metres. The cottage last sold for $395,000 in 2000.
There’s slim chance of a bargain and owners who decide to sell have strong odds of securing a deal,but can it last?
You can save hundreds of dollars a month now,but get it wrong and it could cost you thousands.
The property last sold for $9.2 million just over two years ago. The house had been demolished since,and the site subdivided into two lots.