Saturday, February 6, 2010

Roma Street Parklands Auction Result

A three bedroom apartment in the Pradella Roma Street Parklands development went to auction today. A deceased estate. The address is 7110/7 Parkland Boulevard. This apartment is an end apartment, on the southern/city end of the building, with the side view looking into the Pinnacle building. 119sqm internal, with a long skinny living room at the front, and three bedrooms on the back (on the railway side), plus two largish balconies. Sold today at auction for $750,000. The total area (including balcony) is 155sqm, so this sold for $4,840 a sqm. This is significantly less than the price per sqm of many off the plan developments currently being marketed.

1 comment:

Unknown said...

Still sounds like a good price for the seller, given the buyer is not getting the full tax depreciation of a new apartment.