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A Maroubra bungalow sold for $2.9M at auction, meeting its reserve, with a young builder and partner as buyers.
A Maroubra bungalow sold for $2.9 million at auction, meeting its $2.9 million reserve, with a young builder and his partner as the winning bidders.
The property, part of a deceased estate and first sold in over 50 years, is less than 10 minutes from Maroubra Beach and was one of 976 Sydney homes auctioned that week.
Bidding started at $2.5 million, with a guide of $2.6 million.
A separate sale saw a renovated Brighton-le-Sands apartment with water views sell for $1.165 million, above its $950,000 guide.
Agents noted ongoing demand for older buildings and scenic views, despite recent rate hikes affecting buyer confidence.
Un bungalow Maroubra vendido por $2.9M en una subasta, cumpliendo con su reserva, con un joven constructor y socio como compradores.