Sydney's cheapest weekend auction sees $407,000 Punchbowl apartment sale
Ray White’s John Yatmas advised a $380 a week rental was achievable but it sold to an owner occupier
Jonathan ChancellorApril 12, 2021
Sydney’s cheapest weekend auction sale was a $407,000 Punchbowl sale, when a two bedroom unit sold for above its $350,000 price guide.
Ray White’s John Yatman had advised a $380 a week rental was achievable for the recently repainted 1970s top floor apartment, but it sold to an owner occupier.
The owner occupier had been on the hunt for a place within close walking distance to the shopping centre and station.
"She mentioned about the metro 2024 upgrade happening to our station as a big reason why she chose this particular unit," Yatman said. "
And because it was a red full brick building with only six in the block," he added.
The 5/19 Dudley Street apartment had last sold at $126,000 in 1999.
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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