{"id":31018,"date":"2021-03-03T17:16:53","date_gmt":"2021-03-03T04:16:53","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31018"},"modified":"2021-03-03T17:16:53","modified_gmt":"2021-03-03T04:16:53","slug":"adelaides-housing-boom-continues-with-run-down-home-selling-for-750000-above-asking-price","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/adelaides-housing-boom-continues-with-run-down-home-selling-for-750000-above-asking-price\/","title":{"rendered":"Adelaide&#8217;s housing boom continues with run-down home selling for $750,000 above asking price"},"content":{"rendered":"<p><strong>PHOTO: The 1950s cottage in Glenunga attracted bids before the auction well above the asking price despite its condition. Supplied: Harris Real Estate<\/strong><\/p>\n<p class=\"_1HzXw\">A dilapidated house with propped up walls has sold for $750,000 more than the asking price in <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Adelaide&amp;submit=Search\">Adelaide<\/a>, where\u00a0buyers and sellers are seeing big price bumps in recent months.<\/p>\n<section class=\"vB11C _1tnlo _1w6Cw _1pc-9 _2EbnQ\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\" data-uri=\"coremedia:\/\/teaser\/13211086\">\n<h2 class=\"_3mduI _2gTdF _1deB8 jwLlj _1O6ck _1GKnS _2o9MN _1-RZJ\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"W8pqX\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">A delipidated house at Glenunga has sold at auction for $2.05 million<\/li>\n<li class=\"\" data-component=\"ListItem\">The sale comes amid a real estate boom in Adelaide<\/li>\n<li class=\"\" data-component=\"ListItem\">A real estate expert says prices are trending up across the country<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">The cottage at Glenunga, in Adelaide&#8217;s inner-south-east was advertised for three weeks before being sold at auction for $2.05 million, despite its condition.<\/p>\n<p class=\"_1HzXw\">Agent Daniel Oliver had a feeling<strong>\u00a0<\/strong>it would gain plenty of interest<strong>\u00a0<\/strong>after advertising for the 1,200-square-metre property went live.<\/p>\n<p class=\"_1HzXw\">&#8220;Within two hours we actually got an offer that came in at $1.5 million, which was $200,000 above what the owner wanted, which would have been a great result,&#8221; Mr Oliver said.<\/p>\n<p class=\"_1HzXw\">That trend continued in the weeks leading up to the auction, with 88 buyers wanting to purchase the property before auction.<\/p>\n<p class=\"_1HzXw\">The 1950s cottage has three bedrooms and two bathrooms, but it&#8217;s not in good shape.<\/p>\n<aside class=\"_1w6Cw _1pc-9 _2b4MK\" data-component=\"Pullquote\">\n<blockquote class=\"_3imm8\">\n<p class=\"_1HzXw\">&#8220;The walls are being propped up at the moment,&#8221; he said.<\/p>\n<\/blockquote>\n<\/aside>\n<p class=\"_1HzXw\">He said there were about 500 people at the auction with nearly 50 registered bidders.<\/p>\n<figure id=\"13210826\" class=\"_2w-Eq _1w6Cw _1pc-9 _357jP\" title=\"18 Glenunga Avenue drone shot\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"dls-id-205588\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/13210826\">\n<div class=\"_3L4rN\" data-component=\"IntersectionObserver\">\n<div class=\"lt7xz\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"_1MKdo _3lrlT\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/db7a02952f546fd8e54d10d21153e125?impolicy=wcms_crop_resize&amp;cropH=2000&amp;cropW=2997&amp;xPos=1&amp;yPos=0&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"An aerial view of a leafy street with large housing blocks\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"dls-id-205588\" class=\"_21SmZ _3_Aqg _1hGzz _1-RZJ P8HGV _2FwWh\" data-component=\"Figure__figcaption\"><em><strong>The property, centre, has room for a swimming pool and tennis court, two possibilities which Daniel Oliver said contributed to the inflated sale price.<\/strong><\/em><\/figcaption><\/figure>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2021-03-03\/glenunga-home-sells-for-$750k-over-asking-price\/13210064\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Conwoman Melissa Caddick's distraught loved ones face a ticking finacial timebomb as $19,000-a-month mortgage repayments kick in\" href=\"https:\/\/propertynoise.co.nz\/au\/conwoman-melissa-caddicks-distraught-loved-ones-face-a-ticking-finacial-timebomb-as-19000-a-month-mortgage-repayments-kick-in\/\" 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href=\"https:\/\/propertynoise.co.nz\/au\/adelaides-housing-boom-continues-with-run-down-home-selling-for-750000-above-asking-price\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":31019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098815,478107952,478113780,478102903,478114876,478098730,478098512,478098521,478114878,478114877,478098519,478098535,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478104419,478098509],"class_list":["entry","author-data123nz","post-31018","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-adelaide","tag-adelaide-property","tag-adelaide-real-estate","tag-adelaide-real-estate-agents","tag-adelaides-housing-boom","tag-auctions","tag-australia","tag-australians","tag-daniel-oliver","tag-glenunga","tag-home-ownership","tag-house-prices","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-boom","tag-real-estate-news"],"yoast_head":"<!-- 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