A Federation-era, single-level cottage in Sydney’s inner west is reported to have been purchased for $14,000 in 1984 and sold much later for $1.7 million. Multiple outlets describe the property as a Federation-style home and note that two bidders compete for it at the time of the sale. The bidders’ competing interest is cited as a key feature of the transaction, with the eventual winners later able to move out of their respective parents’ homes. The reports present the sale primarily as a demonstration of long-term changes in residential property values over time, comparing the original purchase price in 1984 with the much higher amount paid in the recent transaction. Across the sources, there is agreement on the core figures ($14,000 in 1984 and $1.7 million at sale), the property’s period style (Federation-era), its single-level layout, and the presence of two bidders during the buying process. The outlets do not provide additional detail on location, sale method, or specific financing terms beyond these shared points.
1984 home purchase for $14,000 sells decades later for $1.7m
A Federation-era, single-level cottage in Sydney’s inner west is reported to have been purchased for $14,000 in 1984 and sold much later for $1.7 million. Multiple outlets describe the property as a F...
- The property is a Federation-era, single-level cottage in Sydney’s inner west.
- It was bought for $14,000 in 1984.
- It is reported to have sold for $1.7 million at a recent auction/sale.
- Two bidders compete for the home.
- The winning buyers are described as being able to move out of their parents’ homes.
Two bidders had their hearts set on the Federation-era single level cottage. The winners can now move out of their respective parents’ homes.
3 months agoTwo bidders had their hearts set on the Federation-era single level cottage. The winners can now move out of their respective parents’ homes.
3 months agoTwo bidders had their hearts set on the Federation-era single level cottage. The winners can now move out of their respective parents’ homes.
3 months ago
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