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Dumping ground in darlinghurst on the market for 13 million

The front gutter has fallen off into a nearby tree and there’s no chance at all of moving in, but none of that is set to stop a Darlinghurst one-bedder from selling for $1.3 million.

Agent Edward Brown of Belle Property Bondi Junction is the first to admit that 162 Bourke St, Darlinghurst, is unliveable. But while he knows its not for the average punter, hes confident it will still find a buyer.

Its either going to work for you or its not, he said (but) its an amazing opportunity for someone.

The homes current owner, who lives up north, had been using the home as his personal dumping ground. Even getting it looking this good required the assistance of several skip bins, said Mr Brown.

Hes literally been using it for storage of items ... boxes and boxes and boxes.

The home has finally been cleared out and put to market for a mix of reasons, both personal and financial.

(Its) just time to let go of it, Mr Brown said. The markets good (and theres) ... an opportunity there for him to just sell it and cash in.

When asked why the house has been said to market as is, Mr Brown pointed out that its hardly the kind of property that could be improved with a coat of paint.

Where do you start and where do you finish? he said, without putting a DA into council ... theres really nothing you can do to add value.

He added hes already had several buyers express interest in the house.

The property will go to auction on December 10, and can be inspected by appointment.

Shares to rise on open dollar flat

THE Australian share market is set to open higher following stock market gains in the US and Europe last week on the back of upbeat earnings data. At 0700 AEDT on Monday, the local SPI 200 futures contract was up 18 points at 5,707 points.

The positive earnings results from US banks and their upbeat outlook for the coming year on Friday (US time) offset investors concerns about the biggest fall in Chinese exports since 2009.

On Friday, the Australian share market was weaker as investors took profits in the wake of the lack of detail about US President-elect Donald Trumps plans to stimulate the US economy.

The benchmark S&P/ASX200 was down 45.8 points, or 0.79 per cent, at 5,721.1 points, while the broader All Ordinaries index was down 44.8 points, or 0.77 per cent, at 5,776.8 points Meanwhile, the Australian dollar is nearly flat after little economic or political risk events over the weekend.

The local currency was trading at 74.87 US cents at 0700 AEDT on Monday, up a touch from 74.82 US cents on Friday.


One Australian dollar buys:

* 78.87 US cents, up from 74.82 US cents on Friday

* 85.62 Japanese yen, from 86.02 yen

* 70.51 euro cents, from 70.47 euro cents

* 62.34 British pence, from 61.54 pence

* 105.29 New Zealand cents, from 105.30 NZ cents

(*Currency closes taken at 1700 AEDT previous local session)