Invest
Where in Sydney can you buy property for $9?
Sydneysiders have a rare opportunity to snap up a heritage-listed ferry wharf, with bidding kicking off at a record-low $9 on Tuesday afternoon.
Where in Sydney can you buy property for $9?
Sydneysiders have a rare opportunity to snap up a heritage-listed ferry wharf, with bidding kicking off at a record-low $9 on Tuesday afternoon.
Woolwich Ferry Wharf Pontoon, known to be located on the Lane Cove River, is being auctioned off this week with the bidding kicking off at only $9.
As of Wednesday evening, the price had climbed to a modest $109, following three bids.
The first wharf on the Valentia Street site was constructed in 1856 as a part of a ferry service established by Hunters Hill residents to allow for the transport of carts and drays across the river to markets at regular times.
Over the years, the wharf evolved into the steel hull pontoon it is today.
Speaking to Smart Property Investment, Shaun Clifford, business development manager for boats and marine at Grays Online, agreed that the Woolwich Ferry Wharf Pontoon auction is one of a kind.
“It’s a very unique sale, definitely not something you see for sale every day,” Mr Clifford said.
As for the $9 starting price, that too is quite unique.
“It’s very hard to put a price or value on such a unique item, so to offer the Woolwich Ferry Wharf Pontoon for auction completely unreserved and with a starting price of $9 is definitely driving a lot of excitement,” Mr Clifford added.
The sale includes the entire structure – a steel hull with one longitudinal and three transverse bulkheads, and a concrete deck slab – as well as the original drawings by Sydney Ferries dated 1989, and a Statement of Heritage Impact from the NSW government.
The pontoon was operational from 1994 to 2020 and has been removed from the original property for the sale.
The online auction will run 8 December from 1:00pm AEDT to 14 December, 7:00pm AEDT on Australia’s largest online commercial marketplace, Grays.
The seller, Polaris Marine Constructions, is offering competitive rates for the transportation, relocation and installation of the wharf.
RELATED ARTICLES
About the author
About the author
Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more
Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more
Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more
Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more
Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more
Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more
Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more
Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more
Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
