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A home that was so dilapidated that buyers ran out of it and gagged during inspections has attracted many offers in a stark sample of Australia’s disastrous property market.
The property located on Gray Street in Bayswater, Perth, has been sold after receiving 13 offers from buyers desperate to get on the property ladder.
Ray White’s agent, Gary Warne, described the property as “the worst I’ve ever seen”.
The property is covered in so much dirt that the buyers cannot see the color of the tiles or the carpet.
The Perth property, which has been described by its agent as “the worst I’ve ever seen”, was sold after receiving 13 offers from buyers desperate to get on the property ladder.
Despite being covered in so much dirt that buyers can’t see the color of the tile or carpet, the three-bedroom home sold for the highest asking price, between $450,000 and $500,000.
The three-bedroom home sold for over the top of its asking price between $450,000 and $500,000.
Warne said he urged buyers to “blow up” the home, which had belonged to an older person.
“In all my years in real estate, I don’t think I’ve seen a house that is cosmetically worse,” Warne said. western australia.
‘The building itself looks nice, not that I’m a builder (do your own research there) but boy does this place need work.
‘To give you an idea, if I were to buy it, I would turn off the power, rip out all the cabinets and floor coverings, and then power wash all the walls and windows before starting.’
He added that it caused people to “run out of the house and almost throw up” because the house was left in such a terrible state.
Warne said she couldn’t find anywhere in the house to put her iPad down because it was “very, very dirty.”
Estate agent Gary Warne said he urged buyers to ‘blow up’ the house, which had belonged to an elderly person.
The officer said people “ran out of the house and almost vomited” and that he couldn’t find anywhere in the house to leave his iPad because it was “very, very dirty.”
The home sale is much lower than the median for your area where the median home sells for $723,000.
The photos show the house covered in dirt and grime, with outdated work throughout the property.
One room shows a sliding door that had fallen off its hinges, while in other parts of the house there are loose wires.
More than 100 groups came to view the house, with half the usual number of houses currently for sale in Perth.
Anthony Albanese’s government is under increasing pressure to act on housing shortages across the country, with a major charity demanding that a “national emergency” be declared.
Housing experts say official records show no comparable shortage of available leases since the Great Depression in the 1930s.
The outlook for next year looks even more dire, recent data shows, with double-digit increases in rental prices now set for 2023 and investing landlords willing to hoard it while tenants grapple with sky-high bills.
The only real reference point for what is happening in the rental market now is the global social catastrophe that followed the Wall Street Crash of 1929 and turned into the longest and deepest depression of the 20th century.
The home (pictured) is much lower than the average for her area, Bayswater, where the median home sells for $723,000.
More than 100 groups came to view the house, with half the usual number of houses currently for sale in Perth.
Rents have soared 6.7 per cent to an average of $495 a week in Australia in 2022, but the problem is much worse in capital cities. Perth house shown.
Emma Greenhalgh, chief executive of the housing charity Shelter, said Australia was in a national emergency by “all available measures”.
It’s not just the capitals and major metropolitan areas that are in crisis,” he explained to the Daily Mail Australia.
‘It is in regional and rural areas as well. The whole country is faced with the problem of housing prices and vacancy rates.
“There is a massive competition problem that is putting people at risk of homelessness.”