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Maroubra house sells for $3.7million with buyer concerned about overpaying as market stagnates

Couple who both work as teachers admit they’re worried after buying dated Australian house for $3.7MILLION – but here’s why they got a bargain

  • House in Sydney coastal suburb sold for $200,000 less than the reserve price
  • Threat of interest rate rise and house price tumble has deterred homebuyers
  • Property prices fell for the first time in years in some major cities in Australia 

A house in Sydney’s eastern suburbs has fetched only $3.7million after failing to sell at auction with buyers concerned about overpaying as real estate prices tumble.

Only two…

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