Dispatches from the hellhole of Sydney’s new real estate mini-boom

It’s the last weekend in November. The entire time this one-bedroom apartment with parking in the inner west has been on the market, the real estate agent has quoted a buyer’s guide of $650,000. The entire time. He says there’s been good interest at that price. We’ve said we will go to 675 and we try to make an offer. A week out from the auction, the real estate agent then says we are in with a chance, but there may be someone with a bit more money. I wonder what he means by “a bit more money”.

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