A rundown Sydney house with no kitchen just sold for $1.2 million

165

The of Sydney house prices craze continues.

This three-bedroom house in Darlinghurst in Sydney has sold for $1,200,000.

No biggie, right? Nice suburb, super expenno – why is this even news? Well, probably because the house appears to be a rundown piece of garbage, and doesn’t even have a kitchen, or a working bathroom.
Sydney house sells for 1.2 Million
ONE POINT TWO.
Sydney house sells for 1.2 Million
MILLION.
Sydney house sells for 1.2 Million
DOLLARS.
YAY, HOUSING BUBBLE!
And here’s some additional soul-destroying information from the ABC: good bloody luck renting in Sydney, too!
The Rental Affordability Index has stated many a time that Sydney’s the most unaffordable city in Australia for renters – everyone knows this. But now, a new report has shown that a whopping 40% of households in Sydney were essentially “locked out” of rental affordability.
Adrian Pisarski from housing advocacy group National Shelter said this:
“There is effectively no affordable rental housing for people in that bottom 40 per cent.”
 
“We knew the situation was bad, but I don’t think we understood properly the extremity and depth of the problem.”

via ABC/Domain.

Credit: Pedestrian TV

NO COMMENTS

LEAVE A REPLY