Sydney's cheapest at $500,000 in Strathfield South amid long weekend auction offerings

Sydney's cheapest at $500,000 in Strathfield South amid long weekend auction offerings
Sydney's cheapest at $500,000 in Strathfield South amid long weekend auction offerings

There was just the one reported sale at $500,000 or less at Sydney on the long weekend.

It was a $500,000 sale in Strathfield South.

The 11/1-3 Therry Street offering (below) was sold pre-auction through Richard Baini at Richard Matthews Real Estate.

11/1-3 Therry Street, Strathfield South

It was a 69 sq m two bedroom apartment in a 1966 block of 11.

It last sold at $243,000 in 2007, so doubled in price over the eight year period.

The most affordable property reported sold at the weekend on the outskirts of Sydney was a two-bedroom 72 sqm, 1980 built, strata home at 4/40-42 Ocean View Road, Gorokan, sold for $300,000 by Raine and Horne Charmhaven.

It didn't double in the past 13 years pricewise, having last traded at $160,000 in 2002.

Jonathan Chancellor

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.

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Housing Affordability Sydney

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