WorldTop StoryTop StoryLatest News
Pat Cummins and Rebecca Sell Moss Vale Property for $1.16 Million
Sentiment: NeutralHigh Priority
What Happened?
Australian cricket captain Pat Cummins and his wife Rebecca sold their Moss Vale investment property for approximately $1.16 million after eight months on the market. The property was initially listed for $1.25 million to $1.295 million.
Key points
- The property was purchased in 2017 for $905,000 and rented out for $550 per week.
- The sale price is not officially confirmed but estimated at $1.16 million.
- The property features a three-bedroom bungalow on a 2,327-square-metre block.
- The local market average for four-bedroom homes is 72 days on the market.
- Cummins and Rebecca are planning renovations to their $16 million home in Bronte.
Key insights
- The extended time to sell indicates a slower market in Moss Vale.
- The sale price suggests a potential increase in property values in the area.
- Cummins' involvement in real estate may influence public interest in the local market.
Why it matters
The sale reflects current trends in the Australian real estate market, particularly in Moss Vale.
Tags
Entities
Pat Cummins· PersonRebecca Cummins· PersonMoss Vale· LocationAustralia· Country
Source
Times of India
