News about Frances Bay

If it goes under the hammer later this month, a modest two-bedroom western Sydney home built in 1969 for just $17,000 ($139,815 in today's money) is expected to sell for over $8 million. The house is located on a river bay in Cabarita's suburbs, and the real estate agent is selling it as 'the ultimate blank canvas' to 'create the luxurious waterfront haven you've always dreamed of enjoying.' Despite the 11 official interest rate hikes since April last year property prices in the major cities continue to drive as influx of migrants enters after the Covid pandemic closures