Sydney's weekend cheapest $400,000 at Camperdown as SMSF investors sell and buy

Sydney's weekend cheapest $400,000 at Camperdown as SMSF investors sell and buy
Sydney's weekend cheapest $400,000 at Camperdown as SMSF investors sell and buy

Sydney had just two weekend apartment sales under $500,000 sold at weekend auction.

The cheapest was $400,000 for a studio apartment at 605/144 Mallett Street, Camperdown which sold auction eve.

It last sold at $279,000 in 2009, reflecting 5.6% annual price growth.

The 32sqm apartment sold through Charles Bailey at Urbane Property.

It sold by a SMSF investor to a SMSF investor, currently renting at around $380 a week, reflecting 4.9% gross yield.

But there was the prospect of around $420 a week, buyers thought.

The other sub-$500,000 sale was $440,000 at Blackett.

APM had Sydney's median auction price as $1.15 million at the weekend. 

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: 
Smsfs Investor Opportunity

Comments

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