Will Parramatta be the New Paris?
Elizabeth Farrelly wrote a pretty epic (albeit nothing revolutionary) article in the SMH on Parramatta’s potential to be a more activated urban centre. Long story short, I couldn’t agree more. Sydney’s least favourite (well, maybe Penrith takes the cake on that one) satellite city has strong bones, an interconnectivity to quality rail and river transport, beautiful...
Rich People Buying and Selling Things (Houses)
First off, we have Craig-y-Mor gossip. Oh, Craig-y-Mor. The key thing to come outof this articleis the estimated $5m cost for building the new structure. Which, really, means that the Chinese owners effectively just purchased a plot of land for $32.4m on non-waterfront Point Piper. Not surprisingly, the house rendering looks thoroughly awful. Now, a few houses down on Wolseley Road, we have...
Super Saturday Not So Super
52A Wunulla Road scored about $15m. A far cry from their $20m+ hopes; yet still overvalued. Yesterday was the so-called “Super Saturday” of House Auctions, but, as it turns out, 2011’s Summer Sales Kick-Off was pretty sluggish. Not the best sign for the summer to come. Even some big-ticket sales in Point Piper were, at best, ordinary. The waterfront and garden apartment in the...