{"id":36929,"date":"2022-02-13T09:24:25","date_gmt":"2022-02-12T20:24:25","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=36929"},"modified":"2022-02-13T09:24:25","modified_gmt":"2022-02-12T20:24:25","slug":"21-year-old-student-beats-nine-rival-bidders","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/21-year-old-student-beats-nine-rival-bidders\/","title":{"rendered":"21-year-old student beats nine rival bidders"},"content":{"rendered":"

PHOTO: Surry Hills, Sydney<\/strong><\/p>\n

\"Crown\u2019s<\/a><\/div>\n
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James Packer\u2019s Sydney Harbour Crown Casino tower where the best apartment costs $100MILLION<\/a><\/h2>\n<\/header>\n<\/div>\n

A pair of 21-year-old first homebuyers, one a student, beat nine other bidders at a hotly contested auction in Sydney after paying a price no one expected.<\/p>\n

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With the average age of Sydney<\/a> first homebuyers pushing nearly 37, a Surry Hills auction has produced a result that will come as a surprise for anyone accustomed to the norm.<\/p>\n<\/div>\n

A pair of 21-year-old first homebuyers, one a student, beat nine other bidders at the auction for a rundown house in Surry Hills.<\/p>\n

The property on Little Broomfield St sold for $1.26m under the hammer, which was about $100,000 over expectations.<\/p>\n

Selling agent Jack McGhee of Ray White Surry Hills said the property needed about $500,000 in renovations.<\/p>\n

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\"The<\/div>\n

The Surry Hills house needed work.<\/strong><\/em><\/div>\n

This appeared to be little of a deterrence for buyers. \u201cThese types of properties are just so hard to find, so they are popular,\u201d he said.<\/p>\n

The buyers were a couple from Vaucluse and Bondi.<\/p>\n

One of the buyers, who is studying construction management at university and works in the building industry, told The Daily Telegraph they would renovate the property.<\/p>\n

They planned to do most of the work on the weekends. They have no prior experience renovating properties.<\/p>\n

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\"The<\/div>\n

The Surry Hills will be flipped.<\/strong><\/em><\/div>\n

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