real estate

A young man with friends living in the same street won the keys to a single level terrace house in Erskineville for $1,025,000 on Friday night. Eight people registered to bid for the unrenovated home at 8 Flora Street , with most interest coming from builders looking to capitalise on the property. Once the auction began, three parties raised their paddles, with bidding opening at $700,000 and going up in increments of $50,000 until it reached $950,000. It eventually slowed to just $1000 bids before the hammer fell. The property had a guide of $900,000 and a reserve of $1,050,000. There is no l