Real Estate & Home

Derelict Sydney home with rotting floors sparks developer frenzy before auction

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A dilapidated three-bedroom house in Tempe, Sydney, is attracting intense interest from developers despite its severe disrepair and $950,000 price tag. This frenzy reflects the current market dynamics where developers see potential in redevelopment opportunities even for uninhabitable properties, indicating a shift towards speculative investment strategies.

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