Al Jazeera: ‘Theres nothing more we can do’
The owner of a beachfront home in the heart of Sydney’s northern beaches says the family had to sell it due to rising rents and rising maintenance costs.
The property, at the corner of Swanston Street and Queen Street, is owned by an individual who has been working on the property for 10 years.
But the family has been struggling to make ends meet and the owner, who declined to give her name, said the property was “under stress”.
She said that for her and her husband, it was the only home they had in their own home.
The owner said that while the home had been a work in progress for a few years, the building had been damaged in a fire in 2015 and the house had been on the market for four months before it finally sold for $5.5 million.
“I thought it would be nice to put something in a place where it could be taken care of and put it up for sale,” she said.
“It’s very expensive to do that but it’s been a good investment.”
Ms Goulburn said the house is in a state of disrepair, and she was worried about the upkeep.
“We have a house that is under stress, and we’re having to do it ourselves, so that means that I have to pay for the upkeep,” she told Al Jazeera.
“And I’m just going to have to look after it myself.”
The property was last listed for $2.5m on the Australian Stock Exchange on June 2.