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 

By Aidan Wondracz For Daily Mail Australia

Published: 22:33 EDT, 30 April 2022 | Updated: 22:34 EDT, 30 April 2022