A 99-year lease on a majestic, six-bedroom home in Millers Point was sold for $1.5 million on Wednesday, the first of 16 vacant Housing NSW assets to be sold to raise funds for five affordable housing properties for low-income people in the inner west. Christine Andrews, a Department of Housing tenant who lives in Millers Point, said she supported the government selling assets to pay for new public housing.
The 100-year-old, four-storey property at 59 Fort Street attracted an opening bid of $1.25 million and three bidders. A second property at 33 Lower Fort Street did not attract any bidders.
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First round of Millers Point properties up for auction MEDIA RELEASE (PDF)
