PHOTO: 135 Arthur St, Surry Hills, made its investor owner about $1 million profit in four years.
SYDNEY’S auction market recorded a weak 62 per cent clearance rate on Saturday and prices are dropping, but homeowners are still making a killing.
In Surry Hills, one investor has made $1 million in four years. And in North Bondi, another has scored a mammoth $7.55 million — he’d paid just $3.15 million 11 years ago. And he’s done absolutely nothing to it.
The Surry Hills investor stitched up a deal on Friday night, the eve of yet another bumper auction day of 900 auctions in a market that’s generally struggling.
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