Sunday 26 June 2022 04:36 AM Why a buyer paid $4.million for a this tiny red-brick home in Cabarita, Sydney trends now
Sunday 26 June 2022 04:36 AM Why a buyer paid $4.million for a this tiny red-brick home in Cabarita, Sydney trends now
Why a cashed-up buyer paid $4.7MILLION - nearly $500,000 above the reserve - for this tiny red-brick home he doesn't even want The new owner plans to knock house down and rebuild it from the ground up Last time the property sold was 60 years ago, when Australia still used pounds Three bidders pushed the cost up way beyond its $4.25 million reserve price
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A tiny red-brick home has sold for almost $500,000 above the reserve price, and there is a lot more money to be spent on the property yet.
After spending $4.72 million for the three-bedroom house with water views on Saturday, the new owner plans to knock it down and rebuild.
The 399sqm block was on the market for the first time in almost 60 years, and back then Australia didn't even use dollars - it sold for £6,500.
Three bidders kept pushing the price for the house in the suburb of Cabarita in Sydney's inner west up until it was way
