Cabramatta had Sydney's cheapest auction offering - what you get for $400,000
Sydney's cheapest auction offering sold a week before Saturday's scheduled auction at Cabramatta.
It went for $400,000 through Sam Tea at Richardson & Wrench Cabramatta. There were just nine sales at weekend auction at $500,000 or below.
The 39/65 McBurney Road, Cabramatta apartment was a two bedroom with balcony.
It last sold at $260,000 in 2011 and $216,000 in 2004, and at $98,500 in 2001.
The late 1970s block's previous highest sale was $370,000 in late 2014 for a 68 square metre two bedroom. It was then put out for rent at $310 a week, reflecting around 4.3% rental yield.
It sold in 2001 at $103,000.
Sydney's other sub-$500,000 weekend auction sales were:
7/10 Betts Avenue, Blackhurst, one bedroom unit $460,000
8 Leonard Street, Colyton, three bedroom house $471,000
8/21 Mount Street, Constitution Hill two bedroom house $490,000
18/12 Enmore Road, Newtown studio $460,000
16/13-17 The Strand, Rockdale one bedroom unit $435,000
9/16-18 Roslyn Gardens, Rushcutters Bay studio $432,000
24/543-551 Elizabeth Street, Surry Hills studio $455,000