PHOTO: Auctioneer Michael Garofolo in action on Saturday morning for the auction of 67 Forsyth St in West Ryde. Picture: Sam Ruttyn Source: News Corp Australia
Just when you didn’t think Sydney’s house market could be more absurd, a heritage house described as “entry-level” has sold for about $1.7 million at a tense auction.
Rising house prices across Sydney has seen a charming cottage described as “entry-level” sell under the hammer for close to $1.7 million.
Competition for the three-bedroom house was hot, given there were only a dozen homes for sale in West Ryde, according to realestate.com.au. The lack of choice saw 10 buyers register to bid for the Forsyth St residence, ranging from families to couples and downsizers.
A total of four bidders took part on the day with auctioneer Michael Garofolo kicking proceedings off with a $1.1 million bid from a young couple. This was followed by a $1.2 million punt from a downsizers who had assistance from a buyer’s agent.
A big crowd turned up on the June winter’s morning. Picture: Sam Ruttyn. Source: News Corp Australia
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