{"id":32948,"date":"2021-06-20T10:38:47","date_gmt":"2021-06-19T22:38:47","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32948"},"modified":"2021-06-20T10:38:47","modified_gmt":"2021-06-19T22:38:47","slug":"buyers-forking-out-incredible-sum-for-entry-level-homes","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/buyers-forking-out-incredible-sum-for-entry-level-homes\/","title":{"rendered":"Buyers forking out incredible sum for \u2018entry-level\u2019 homes"},"content":{"rendered":"<p><strong>PHOTO: Auctioneer Michael Garofolo in action on Saturday morning for the auction of 67 Forsyth St in West Ryde. Picture: Sam Ruttyn <span class=\"image-source\"><em>Source: News Corp Australia<\/em><\/span><\/strong><\/p>\n<p>Just when you didn\u2019t think <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Sydney%E2%80%99s+house+market&amp;submit=Search\">Sydney\u2019s house market<\/a> could be more absurd, a heritage house described as \u201centry-level\u201d has sold for about $1.7 million at a tense auction.<\/p>\n<p class=\"description\">Rising house prices across Sydney has seen a charming cottage described as \u201centry-level\u201d sell under the hammer for close to $1.7 million.<\/p>\n<div class=\"story-content\">\n<p>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\u00a0<a title=\"www.realestate.com.au\" href=\"https:\/\/www.realestate.com.au\/property-house-nsw-west+ryde-136426114?rsf=syn:news:nca:news:spa\">Forsyth St residence<\/a>, ranging from families to couples and downsizers.<\/p>\n<p>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\u2019s agent.<\/p>\n<div class=\"w650 h365 image media\" data-kiosked-context-name=\"kskdUIContext_01f8k6edd9bvtcywsd0wbskc29\">\n<div class=\"image-wrapper\"><img fetchpriority=\"high\" decoding=\"async\" class=\" image-loaded\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/b3a1527e9cbce6e9166b1449c72a3e9b?width=650\" alt=\"A big crowd turned up on the June winter\u2019s morning. Picture: Sam Ruttyn.\" width=\"650\" height=\"365\" data-src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/b3a1527e9cbce6e9166b1449c72a3e9b?width=650\" \/><\/div>\n<p class=\"caption\"><em><strong>A big crowd turned up on the June winter\u2019s morning. Picture: Sam Ruttyn. <span class=\"image-source\">Source: News Corp Australia<\/span><\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/sydney-nsw\/sydney-auctions-heritage-west-ryde-home-sells-under-the-hammer-for-165-million\/news-story\/da030e77013381539e97febd0e6dd186\">NEWS.COM.AU<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Auctioneer Michael Garofolo in action on Saturday morning for<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/buyers-forking-out-incredible-sum-for-entry-level-homes\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":32949,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098971,478098730,478098512,478098521,478098726,478098892,478108952,478098566,478098562,478104165,478098542,478098519,478100387,478098535,478108071,478103188,478108703,478098522,478116541,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098509,478098536,478106318,478116194,478098618,478116540],"class_list":["entry","author-data123nz","post-32948","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctioneer","tag-auctions","tag-australia","tag-australians","tag-chinese-buyers","tag-corelogic","tag-covid-19","tag-first-home-buyers","tag-foreign-buyers","tag-greater-sydney","tag-home-loans","tag-home-ownership","tag-hot-sydney-market","tag-house-prices","tag-house-prices-in-sydney","tag-inner-city-sydney","tag-inner-west-sydney","tag-interest-rates","tag-michael-garofolo","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-news","tag-sydney","tag-sydney-apartments","tag-sydney-auctioneer","tag-sydney-property","tag-sydneys-house-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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