'It shocks me': Fiery response to $3.6m house listing belies Aussie problem

·News Reporter
·2-min read

A rundown Sydney home with missing floorboards and a completely broken ceiling has raised some eyebrows after its listing was shared online.

The five bedroom home in Sydney’s inner suburb of Darlinghurst is definitely what you would call a “fixer upper” and has a buyer’s guide of $3.6 million.

“A dilapidated terrace just off Victoria Street, this home is 7.5m wide on 280sqm of land,” its listing from agent BresicWhitney reads.

“With five to six bedrooms, the sprawling residence is a rare chance to craft your dream home from a piece of Inner Sydney history.”

Inside of a rundown Darlinghurst home in Sydney is pictured with the ceiling caving in and floorboards ripped up.
This Darlinghurst home is a renovator's dream. Source: BresicWhitney

But some people on social media were aghast as to how a rundown house could possibly sell for multiple millions, with some suggesting it was an example of the problem with Sydney’s expensive housing market.

“F*** you, Sydney,” one woman posted, alongside the listing.

One woman jokingly suggested there’s gold under the floorboards.

The back of a dilapidated house in Darlinghurst, Sydney.
The backyard of the home. Source: BresicWhitney

On Reddit, one user wrote “it’s crazy” how many old beaten up “million dollar” houses there are in Sydney’s city.

“It shocks me how many run down places in Sydney there are,” they wrote.

Another man added the listing shows “how f***** Sydney's housing market is”.

“There are objectively better buildings in objectively better cities that cost a fraction of this,” he wrote.

A dilapidated staircase inside a home at Darlinghurst in Sydney.
The price guide is $3.6 million. Source: BresicWhitney

According to the annual Demographia International Housing Affordability Survey, released in January, Sydney ranked the third least affordable city in the world.

The study looked at 309 metropolitan housing markets Australia, Canada, China (Hong Kong Only), Ireland, New Zealand, Singapore, the United Kingdom and the United States.

In fact, the median affordability of Australian houses was found to be “severely unaffordable”.

The front of a dilapidated in Darlinghurst in Sydney.
Some people believe the price guide is fair. Source: BresicWhitney

While some people were shocked by the price of the Darlinghurst home others thought the buyer’ guide price was “about right”.

“Yeah it’s bloody expensive,” one Reddit user wrote.

“But what do you expect to pay in the centre of the biggest city just a few minutes’ walk from the CBD, with 5m people in a massive sprawl over 60km from where this is? People are paying that much for houses of that size in the ‘burbs.”

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