Both apartments auctioned at City Sales today were sold under the hammer, at widely divergent prices.
A small studio in 96 on Symonds (building pictured) went for just over $12,000/m² but a 2-bedroom unit in the Federal, at the lower end of Federal St, didn’t match the high-price performance and went for $8500/m² – still a respectable price in a market where bidders are a rare commodity.
Neither unit has a parking space or balcony.
Federal, 18 Federal St, unit 5H:
Features: 60m², 2 bedrooms
Outgoings: rates $1370/year including gst; body corp levy $4978/year
Income assessment: $540-600/week
Outcome: sold for $510,000 at $8500/m²
Agent: Georgia Featherstone
96 on Symonds, 96 Symonds St, door 1004:
Features: 18m² fully furnished studio
Outgoings: rates $981/year including gst; body corp levy $2453/year
Income assessment: $315/week, fixed until 1 October
Outcome: sold for $217,000 at $12,056/m²
Agent: Susan Frear
Attribution: Company release.