Do you think this is going to be a new trend in development sites for “upsizing” the number of domiciles in suburban Sydney
A private Hong Kong-based investor has paid $66.06 million for a lot of nine St Leonards houses – reaping the owners an average of about $7.34 million apiece – amid the rush for development sites close to Sydney Harbour and the city.
BTW through another channel I’ve just been told that this is one of 4 “group sales” that is happening in this street, eg there was a 3 block area that has all been recently “high rise” approved.
Will be interesting to see if more opportunities like this can solve Sydney’s over crowding issue eg whereas there was 9 domiciles before….now to be 50-70’ish’ in the same location.
I wonder what the median house price was in the area before this “lot of nine” sale.
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