THE doomsayer economist Steve Keen - who has forecast that property prices could fall by 40 per cent over the next few years - has accepted a $526,000 offer for his Surry Hills apartment.
Its much-anticipated selling price - in the middle of the buyer's guide estimate - represents a 9.5 per cent hike on its $480,000 purchase price in 2006.
Accordingly, the unit wasn't snapped up by the Herald columnist Gerard Henderson, who cheekily offered 40 per cent below the asking price. Henderson made the offer in the spat that followed his article in which he described Keen as Australia's leading doom-celeb economist.
Keen's two-bedroom Chalmers Street unit was passed in at auction two weeks ago. There were three registered bidders at the auction who made bids at $500,000 and $505,000.
There was an initial higher post-auction offer of $515,000.
The accepted $526,000 offer - which is scheduled to be exchanged next week - was made by new buyer interest.
The University of Western Sydney associate professor in economics had been advised by McGrath estate agent Simon Exleton to expect between $500,000 and $550,000. The flat's $480,000 purchase price in 2006 by Keen and his former partner was $70,000 more than its $410,000 sale in 2005.
so he sold becuase of his former partner gather wanted hisor her money back.
Bought his first house in 1989, must have had to pay that out to his ex-wife. For some one so inteillgent, doesnt seem to come up with the goods though.
