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 our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Housing Affordability Sydney

Comments

Be the first one to comment on this article
What would you like to say about this project?