Sydney's cheapest weekend auction sees $407,000 Punchbowl apartment sale

Ray White’s John Yatmas advised a $380 a week rental was achievable but it sold to an owner occupier

Sydney's cheapest weekend auction sees $407,000 Punchbowl apartment sale
Sydney's cheapest weekend auction sees $407,000 Punchbowl apartment sale

Sydney’s cheapest weekend auction sale was a $407,000 Punchbowl sale, when a two bedroom unit sold for above its $350,000 price guide.

Ray White’s John Yatman had advised a $380 a week rental was achievable for the recently repainted 1970s top floor apartment, but it sold to an owner occupier.

The owner occupier had been on the hunt for a place within close walking distance to the shopping centre and station.

"She mentioned about the metro 2024 upgrade happening to our station as a big reason why she chose this particular unit," Yatman said. "

And because it was a red full brick building with only six in the block," he added.

The 5/19 Dudley Street apartment had last sold at $126,000 in 1999.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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