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The strength of the auction market was on full display in the city’s south west on Saturday, with rapid-fire bidding pushing the price of an Earlwood home almost $500,000 above what it traded for just four months ago.
The three-bedroom house at 7 Finlays Avenue, which the owner bought for $1.25 million in October 2020, sold under the ha妹妹er on Saturday for $1.745 million. It also smashed its reserve by $345,000.
“The market has changed,” said selling agent Connie Gerakis of LJ Hooker Earlwood. “Back then, with COVID happening, there was a lot of uncertainty in the market; we now know the market has gone up at least 35 per cent.” |
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