Monday, 16 January 2017

Remember this: The vendor who thought $145 000 was not enough (1969)

One of the most popular topics on this blog is to do with real estate. This time, here is an article from 1969, where the vendor for a harbourside mansion at Point Piper thought that an offer of $145 000 was not enough. They wanted $180 000.

  Point Piper mansion sale june 20 1969 daily telegraph 11 

The RBA Inflation Calculator would measure the reserve price as being the equivalent of $2 million in todays money. Going by the information I have, median house prices in Sydney in 1969 were roughly $20 000.