While the coronavirus is killing the sharemarket - with my own portfolio down by 15% which doesn't sound much until you translate it into real dollars - the long-awaited real estate bust never happened!
Take 6/157 Blues Point Road at McMahons Point as an example: advertised for auction on 22 February 2020 with a price guide of $650,000, it sold on the day for $801,000!
It's almost identical to my own hole in the wall two doors up, right down to the unit number, except for the "Sunroom/Study" and the deliberately undersized display furniture which create the illusion of spaciousness.
Even the Art Deco bathroom and the eat-in (or should that be squeeze-in?) kitchen look almost the same.
Not that I could ever live there again, but it's a nice little earner, and at around $800,000 a cosy little nest-egg! More here.
