Melbourne apartment listed for $5,000 less than 2008 sale price
Staff reporterDecember 8, 2020
A Melbourne residential unit has come onto the market priced at $5,000 less than it was sold for more than a decade.
Located at 3206/31 A'Beckett Street, the apartment features two bedrooms, one bathroom, a combined kitchen and living area, and a car space.
It last sold in 2008, for $443,500.
It has been listed in 2020 for $438,000.
The sale reflects a growing concern about the stability of Melbourne's housing market in the current economic climate, with HSBC estimating prices could drop by as much as 17% if the current downturn is prolonged.
Another unit, on the same street, has also been recently listed with a price guide reflecting a likely loss on the investment.
Sam Liu, from Selling Melbourne Real Estate, has the A'Beckett Street listing.