$425,000 Greenacre sale the cheapest Sydney weekend sale
Jonathan ChancellorDecember 7, 2020
An investor paid $425,000 for the pre-auction purchase of the weekend's cheapest sale which was 4/11-17 Davidson Street, Greenacre.
It was a three bedroom, one bathroom unit, sold well ahead of auction through Town and Country agent Hui Zhu.
One of just 10 under $500,000 sales across Sydney, it was snapped up within seven days.
It last sold at $175,000 in 2001.
It now is for rent at $450 a week, reflecting 5.5% gross yield.
Eagle Vale was the suburb with the cheapest house sale - $442,000 for a three bedroom on Crozier Street.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.