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Units dodge the doom and gloom in Sydney

Discussion in 'Real Estate' started by Jacque, 31st Mar, 2009.

  1. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    Quality apartments and townhouses are selling faster than they can be advertised.

    The moment Newtown real estate agent Poh Ling Ee hangs up her mobile phone, it starts ringing again. She looks flustered. Everyone within earshot looks irritated.

    "Sorry but I'm just so stressed at the moment," she apologises. "I don't know which way to turn. It's very hard."

    The reason? She's selling an attractive two-level, two-bedroom apartment in a small security block in Chippendale and the demand has been overwhelming. Originally, the price was estimated to be $450,000, then $470,000. Now she's just been offered $500,000 and rising, almost by the hour.

    More here
     
  2. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    Jacque

    I've had a similar experience and it makes it very hard for buyers
    to buy anything decent and not pay above asking price.

    cheers