Spot the $460,000 two year price difference in Maroubra sale

Spot the $460,000 two year price difference in Maroubra sale
Jonathan ChancellorDecember 7, 2020

The property at 33 Parer Street, Maroubra (pictures from recent sale above) fetched $1.46 million at weekend auction through N G Farah agent Cameron Airlie.

The two bedroom semi on 310 square metres had last sold at $1 million in March 2013 (pictures from previous sale below).

Can you spot the $460,000 difference? 

I can't. But am advised there was just a fresh coat of paint. It has gone up 20% per year, so a bit more than the supposed overall annual Sydney median price growth.

Damien Cooley, the chief auctioneer at Cooley auctions, advised there were 13 registered bidders.

This time the price guidance was $1.2 million plus while in 2013 it was around $900,000, according to CoreLogic RP Data records which also show the suburb's median has increased from $1.1 million to $1.4 million over the period. 

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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