Yahoo Finance 'It shocks me': Fiery response to $3.6m house listing belies Aussie problem
A rundown Sydney home with missing floorboards and a completely broken ceiling has raised some eyebrows after its listing was shared online.
The five bedroom home in Sydney’s inner suburb of Darlinghurst is definitely what you would call a “fixer upper” and has a buyer’s guide of $3.6 million.
“A dilapidated terrace just off Victoria Street, this home is 7.5m wide on 280sqm of land,” its listing from agent BresicWhitney reads.
“With five to six bedrooms, the sprawling residence is a rare chance to craft your dream home from a piece of Inner Sydney history.”
But some people on social media were aghast as to how a rundown house could possibly sell for multiple millions, with some suggesting it was an example of the problem with Sydney’s expensive housing market.
“F*** you, Sydney,” one woman posted, alongside the listing.
One woman jokingly suggested there’s gold under the floorboards.
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On Reddit, one user wrote “it’s crazy” how many old beaten up “million dollar” houses there are in Sydney’s city.
“It shocks me how many run down places in Sydney there are,” they wrote.
Another man added the listing shows “how f***** Sydney's housing market is”.
“There are objectively better buildings in objectively better cities that cost a fraction of this,” he wrote.
According to the annual Demographia International Housing Affordability Survey, released in January, Sydney ranked the third least affordable city in the world.
The study looked at 309 metropolitan housing markets Australia, Canada, China (Hong Kong Only), Ireland, New Zealand, Singapore, the United Kingdom and the United States.
In fact, the median affordability of Australian houses was found to be “severely unaffordable”.
While some people were shocked by the price of the Darlinghurst home others thought the buyer’ guide price was “about right”.
“Yeah it’s bloody expensive,” one Reddit user wrote.
“But what do you expect to pay in the centre of the biggest city just a few minutes’ walk from the CBD, with 5m people in a massive sprawl over 60km from where this is? People are paying that much for houses of that size in the ‘burbs.”
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