New neighbours in Victoria St hit the press
March 15, 2013
Richard for 2011

Big money continues to roll into 2011 … High price for Victoria St terrace … Proud owners snapped at the front gate 

LAST weekend (March 9-10) The Australian Financial Review breathlessly told us that real estate prices are on the up-and-up, 

This is attributed to last year's interest rate cuts. 

To illustrate the story the Fin Review persuaded Peter King and Jill Hoad, proud new owners of their recently purchased Victoria St charmer, to pose outside the property. 

The caption said they paid nearly $200,000 above the reserve. 

There was a time when people were a tiny bit shy of admitting they went over-the-top in the property market. 

Not any more. It's a badge of honour ... and a sign of the level of enthusiasm to get into this neighbourhood. 

Anyway, the snap shows our new neighbours looking mighty pleased about the big premium they paid.

The sale price was $2.18 million.

The median house price for Potts Point is $1.125 million. 

Welcome Peter & Jill.  

Article originally appeared on Local news from postcode 2011 (http://postcode2011.com.au/).
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