News

Buyers snap up CBD pads

Sunday, July 13, 2008

THEREis healthy buyer demandfor inner-city apartments, especially those under $650,000.

RaymondHung of Ray White City South said: ‘‘In the past three weeks we’ve regularly had 15 to20 buyers coming through our weekend open houses. Agood portion of our stock is sold within the first four weeks of marketing.’’

Mr Hung exchanged contracts last week on a onebedroom-plus-study apartment in the Summit Apartments, George Street, for $490,000 to a first-home buyer.

Anthony Flood of Ray White Circular Quay said apartments in Sydney’sCBD were selling like hot cakes.OnFriday, he sold a studio apartment on Bond Street for $371,000.

- NAOMI SHERBORNE