A Sydney home has sold for more than $26 million earning the seller a whopping $15 million profit in under two years. The knockdown property is DA approved for further residential development.
Demand for a home in the harbour city is at an all-time high as a run-down home in Bondi sells for an eye-watering $5.6 million while a unit with a bizarre clear toilet seat going for $1.5 million.
In what won t come as a shock to many Sydneysiders trying to buy a home, the Birchgrove flat, in the city s inner-west, sold for well above its listing price at an auction on Saturday morning.
Economists forecast up to four interest rate rises in Australia over the course of 2022 as the Reserve Bank seeks to keep a lid on inflation. A rise would be the first in a decade for Australian interest rates.