PHOTO: Matt and Kat Hogg bought a Narraweena home for well below the listed price. Picture: Tim Hunter. Source: News Limited
HOUSE hunters are picking up properties for hundreds of thousands of dollars less than their neighbours paid just months earlier.
In Kogarah in Sydney’s south, a three-bedroom red brick house on a 489sqm block on Annette Ave sold a week ago for $1.16 million — an eye-watering $210,000 below the $1.37 million paid just two months ago in June, for a three-bedroom red brick house on 462sqm on the same street just a couple of doors down.
Instead of seeing dreams dashed, buyers now hold the bargaining power thanks to a dramatic turn in the market.
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