Young family gets a $50,000 discount on stylish $2.9m Greenwich house

A young family purchased a renovated four-bedroom Greenwich home for $2.9 million Sunday after sellers reduced their $2.95 million reserve. The property at 6 Crowther Avenue attracted three bidding parties and over 300 inspections. The $50,000 discount reflects Sydney's cooling property market, where the weekly auction clearance rate dropped to 49 percent from 69 percent year-over-year.

Summary by OZbrief Editorial · SMH · Source