University of NSW economics professors sell in Annandale

UNIVERSITY of NSW economics professors Bill Schworm and Denise Doiron sold their Annandale at weekend auction with price expectations of $1.85 million.

The result ended up at $2.1 million after flying past the $1.9 million reserve.

The three-bedroom, one-bathroom Pritchard St house on 252sqm was renovated in 2003. They had paid $325,000 in 1993. The couple are selling the two-level house to downsize with plans to live offshore for part of the year.

Belle Property Annandale agents Robert Clarke and Michael Hallit had the listing, which was pitched just above the suburb’s $1.76 million median price for three-bedroom houses.

The March quarter Annandale auction clearance rate was 74 per cent from 28 auctions, which was higher than the inner west’s 65 per cent success rate, according to CoreLogic.

This article was first published in the Sunday Telegraph.