These kids know how to work the magic pudding alright, and a record sale to the seller, wealth creation through application and best of all win win.
Young couple buy their first home by splashing out $3.75 million for a five-bedroom mansion in Sydney - and here's how you can do it too
The couple in their 30s leveraged equity from a Melbourne investment property They were looking to buy in the suburb of St Ives, which has seen rising prices The brand new five bedroom house was rebuilt and finished in December 2016 New street record for Warrimoo Avenue was set by the sale price of $3.75million
A couple in their 30s have leveraged the equity on an investment property in Melbourne to buy a brand new multi-million dollar first home. They bought the newly built five-bedroom house in Sydney's leafy Upper North Shore suburb of St Ives for $3.75 million, setting a new street record.
Aged in their 30s, the young couple are living with parents in the nearby suburb of Pymble, and were seeking a new home in St Ives. The ultra-modern dwelling was rebuilt and sold by an Australian-Chinese family who had originally planned to live in the house, Realestate.com.au reported.
Rising property prices in the area proved too much of a temptation, however, and the couple decided to sell and move to a more convenient area. They bought the property for $1.1 million in 2014, making a tidy profit in just three years.
St Ives has long been a popular suburb for families seeking large blocks and 98 Warrimoo Avenue was notable for being one of the few newly-built homes for sale. 'New houses for sale are becoming quite unique now, as developers are now finding the land prices [to be] too high, combined with the building and holding costs of property,' Savills Cordeau Marshall selling agent Coco Cui Roskam said.
She said the sale was evidence of strong prices in the area, being on a 930sqm block, whereas high sales nearby have all been on land parcels 1100sqm and above. The median house price in St Ives is now $1,950,000, with a 12-month growth rate of over 10 per cent. The Warrimoo Avenue home, which surpassed the previous record sale price of $3million in 2015, has five large bedrooms spread over two levels. It has an extensive open-plan living room, dining room and kitchen, and even features a home theatre.
These kids know how to work the magic pudding alright, and a record sale to the seller, wealth creation through application and best of all win win.
Young couple buy their first home by splashing out $3.75 million for a five-bedroom mansion in Sydney - and here's how you can do it too
The couple in their 30s leveraged equity from a Melbourne investment property They were looking to buy in the suburb of St Ives, which has seen rising prices The brand new five bedroom house was rebuilt and finished in December 2016 New street record for Warrimoo Avenue was set by the sale price of $3.75million
A couple in their 30s have leveraged the equity on an investment property in Melbourne to buy a brand new multi-million dollar first home. They bought the newly built five-bedroom house in Sydney's leafy Upper North Shore suburb of St Ives for $3.75 million, setting a new street record.
Aged in their 30s, the young couple are living with parents in the nearby suburb of Pymble, and were seeking a new home in St Ives. The ultra-modern dwelling was rebuilt and sold by an Australian-Chinese family who had originally planned to live in the house, Realestate.com.au reported.
Rising property prices in the area proved too much of a temptation, however, and the couple decided to sell and move to a more convenient area. They bought the property for $1.1 million in 2014, making a tidy profit in just three years.
St Ives has long been a popular suburb for families seeking large blocks and 98 Warrimoo Avenue was notable for being one of the few newly-built homes for sale. 'New houses for sale are becoming quite unique now, as developers are now finding the land prices [to be] too high, combined with the building and holding costs of property,' Savills Cordeau Marshall selling agent Coco Cui Roskam said.
She said the sale was evidence of strong prices in the area, being on a 930sqm block, whereas high sales nearby have all been on land parcels 1100sqm and above. The median house price in St Ives is now $1,950,000, with a 12-month growth rate of over 10 per cent. The Warrimoo Avenue home, which surpassed the previous record sale price of $3million in 2015, has five large bedrooms spread over two levels. It has an extensive open-plan living room, dining room and kitchen, and even features a home theatre.
i don't want to keep hearing the excuses of young people. here is a clear example of a couple of youngun's shutting up, putting their head down, getting on with it and getting the rewards.
and well done to the sellers - 2.6 million in profit in just 3 years.
the naysayers should just pipe down. they are simply envious.
Bullshite story, glad to see the usual morons rubbing themselves raw on deceptive stories with little or no real data to substantiate what are ridiculous claims. What was the property they had in melbourne, how long did they own it and how much was the difference between redrawn equity and the new home at 3.75 mil?
Without the detail this story is as believable as Trollie
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