Some underbidders considered leasing out the studio to help with the mortgage, but its excited new resident walked off holding the Moët.
A downsizing family paid $4 million for a luxurious modern home in Rozelle that includes a studio with its own private entry which is perfect for their young adult son.considered the option of renting out the studio, which helped them step up into a higher borrowing power and increase their budget for bidding at auction.
This was one of 875 homes scheduled to go under the hammer in Sydney on the weekend. By Sunday evening, Domain Group recorded a preliminary auction clearance rate of 71 per cent from 550 reported results, while 116 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.Selling agent Cindy Kennedy from McGrath Balmain said some buyers wouldn’t have considered a property of this quality if there wasn’t the ability to lease out the studio.
Bidding opened at $3.7 million in front of a crowd of 40. Four people bid in increments of $50,000 and $25,000 with a few smaller bids thrown into the mix.Selling agent Rhonda Yim from BresicWhitney Inner West said the buyers were a local family who had been searching for a new home to move into for a while. The vendors are downsizing.“People were really blown away when they walked through and saw the beautiful facade [and] cute features.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Shine the spotlight’ on family business: Grant Thornton to release new surveyAn upcoming survey from Australian accounting firm Grant Thornton hopes to “shine the spotlight” on family businesses. According to Grant Thornton Family Business Specialist Kirsten Taylor-Martin, family businesses make up 70 per cent of the Australian economy and 50 per cent of our workforce. “Our theme is future-proofing your family business,” Ms Taylor-Martin told Sky News Australia. “The three pillars we looked at are sustainability, diversity and growth. “We really wanted to explore at what generation did the mindset change from an ownership mindset to a stewardship mindset – when we say stewardship, we mean nurturing the business for future generations. “The one statistic we really want to change is only 12 per cent of family businesses make it to the third generation.” In partnership with Grant Thornton. Access to the survey can be found here: https://www.grantthornton.com.au/insights/reports/family-business-survey-2023/
Read more »
Chip off the old block prepares to defend family’s honourCompeting every day of the Melbourne Royal Show, third generation wood chopper Stephen Foster has a single focus for the future.
Read more »
Chip off the old block prepares to defend family’s honourCompeting every day of the Melbourne Royal Show, third generation wood chopper Stephen Foster has a single focus for the future.
Read more »
Chip off the old block prepares to defend family’s honourCompeting every day of the Melbourne Royal Show, third generation wood chopper Stephen Foster has a single focus for the future.
Read more »
Bidders seeking park life push Northcote family home to $2,481,000 at auctionIt was a “heart-string puller” for people who had kids and wanted to be in that area, drawing four families to register to bid.
Read more »
Family violence roles axed in public service purgeThe purge of 77 roles at Family Safety Victoria has alarmed staff who say violence against women remains stubbornly high.
Read more »