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Posted:
2022-05-05 14:00:00
First published in The Sun-Herald on May 7, 1971.
After paying $18,500 for a plot of Crown Land yesterday, a bricklayer said, “It will take the rest of my life to pay it off.”
Bricklayer John Pernic, his wife Elizabeth and their children look at the block they purchased.Credit:JOHN O’GREADY
“The price is ridiculous,” he said. “The Government should help people who want to build their own homes.”
A father of two, Mr John Pernic, 35, of Jellicoe Street, Bankstown, took his bid $1,000 over the reserve price of $17,500.
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He said: “But I just could not have gone higher than that.
“Now I hope to build a house on the land.”
A total of 18 plots in fashionable East Killara sold for $316,000.
The land lies between Koola and Kanowar Avenues.