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Sydney homeowners join forces to exploit boom

Home sellers can get five times value with group sale

Record Sydney house prices worry regulators who fear the market may be entering a bubble and could potentially hurt a banking system that is heavily reliant on mortgages.


WHEN Ron Buxton bought his sprawling five-bedroom property in Sydney's Castle Hill for A$87,000 (S$89,000) in 1979, his was one of only two houses on a dead-end street, ringed by orange groves.

With Castle Hill now a bustling commuter suburb earmarked for rezoning, Mr Buxton