Proceeds of $2.2m house sale in Ryde to be donated to charity - realestate.com.au

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Proceeds of $2.2m house sale in Ryde to be donated to charity - realestate.com.au
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Dogs to inherit six figure sum from home sale

Under the assumption that the vast majority be about 90 per cent of the value of the property, a donation of just under $1m to each charity could well be possible.Mr Dowling said it was a sale that the buyers could look back on with pride for decades to come – with each loan repayment potentially feeling like a charitable donation over the life of their mortgage.

He said the final sales price was much higher than other recent sales in the suburb with the sale bucking the trend thanks to buyers knowing it would definitely sell on the day and the fact that the proceeds were going to a good cause.“As the price kept going up there were a lot of gasps from the crowd,” he said.

While he didn’t know the owner personally, Mr Dowling said she had been a teacher at a school in St Ives and must have been a very generous person.

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