Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1476 Purchased For $295,000 in 1993 - SOLD $2,260,000 2025 - Tale of The Sale
In this episode, Mark Novak and Josh Wapshott break down the sale of 20 Carter Road, Brookvale—a small freehold property originally purchased in 1993 for $295,000 and just sold for $2.26 million in 2025. The block included a four-bedroom house at the front and a warehouse at the rear, generating a combined rental income of approximately $92,000 per year. Despite its dated condition, the property’s value appreciated steadily over the decades, doubling roughly every 10 years, mirroring Sydney’s broader capital growth trends. The buyer, a local business owner, plans to use the warehouse for…
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