Weak price growth in Blue Mountains in weekend's cheapest sale
Sydney weekend auctions remain strong but the price growth is questionable especially in the Blue Mountains.
That was evident in last weekend's cheapest sale as recorded by Australian Property Monitors.
It was a house in the most distant Blue Mountains village of Mount Victoria which sold for $225,000.
It had last sold nine year ago at $248,000.
The three bedroom 1970’s cottage has is situated on a 1359 square metre block.
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.