When it comes to Australia’s overheated housing market not even a home missing walls and a working toilet was enough to turn buyers away.
‘We didn’t even have the first open home’
As wannabe homebuyers were jostling for room at auctions across Sydney last year, the city’s cheapest home of 2016 sold quietly with little fuss.
After being on the market for just three days, the three-bedroom home at 16 Hartog Avenue in Willmott sold for $350,000.
While the purchase price is at odds with the Harbour city’s reputation for multi-million-dollar sales, it created its own place in property history as the cheapest.
“We didn’t even have the first open home,” Century21 selling agent Khilen Patel told Domain.
“We put it on the market on Monday, on Tuesday we had private inspections for six buyers, on Wednesday it was sold.”
So what did the buyer get for their money?
A half-built brick home about 50km west of Sydney’s CBD with “no bathroom, no toilet, nothing. Not even gyprock on the walls”.
Mr Patel said “cladded homes” in Wilmott would usually sell for $450,000 to $470,000.
The home was sold in November last year to an investor who has renovated the property.
The next cheapest home to sell last year was a three-bedroom home in Tregear, NSW which sold for $370,000.
Source: 9News Australia
