The market doesn't show signs of cooling, Wills said:"Based on the current trend, the market is moving into an upswing for the rest of 2023."On May 18, a"dilapidated" home in Paddington, an upscale suburb in eastern Sydney, sold for AU$1.53 million,. There were ten bidders for the"unliveable" three-bedroom house, which had been deemed too dangerous for inspections, per the report.
And in 2018, a derelict home in Sydney's Newton neighborhood sold for AU$1.1 million, reportedly shocking the seller, who was expecting a lower sale price,
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