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How it sold

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The five-bedroom house in Melbourne’s Toorak sold below the guide of $20 million to $22 million.

Buyer of $19m mansion delays – then loses deal to faster rival

Consumers are right to be cautious about newly built properties. But the thoroughness of one potential purchaser was unnecessary for another.

  • Michael Bleby
The two-bedroom, ground-floor apartment with no car parking at 2/1 Brookfield Court in Melbourne’s Hawthorn East sold by private treaty for $523,000.

TikTok video sells $523,000 unit, avoiding fees for official listing

A social media walk-through gave potential buyers a real feel for this apartment, without the gloss – or cost to vendor – of advertising on a property portal.

  • Michael Bleby

October

The five-bedroom house on 765 square metres at 4 Gillies Avenue in inner-western Sydney’s Haberfield sold by private treaty for $4.2 million. 

This $4.2m sale shows the tug of war between buyers and vendors

Aspiring purchasers are coming back as they gain confidence about borrowing costs. But sellers beware – they’re not forking out huge sums.

  • Michael Bleby
The two-bedroom apartment with garden access and one off-street car park at 1/53 The Esplanade in lower north shore Sydney’s Mosman sold at auction for $3,310,000.

Unliveable apartment with no kitchen sells for a ‘surprising’ $3.3m

Buyers, gaining confidence about the direction of the market and interest rates, are starting to spend big. Especially on dumps in great locations.

  • Michael Bleby
Simon and Sandy have just sold their Leabrook home for a second time, having moved out of it and then buying it back in 2022.

Couple makes $2m selling the same home twice in a decade

It seemed like a good idea to go back to their old family property, but this empty-nester couple discovered it wasn’t what they had hoped it would be.

  • Michael Bleby
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September

The five-bedroom, three-level house at 14 George Street in lower north shore Sydney’s Greenwich sold at auction for $9.3 million.

Buyers pay $9.3m for home that needs $1m reno

In a time of high construction costs, property hunters competed for a house that needed a lot of work – but it was still cheaper than the alternative option.

  • Michael Bleby
The two-bedroom house at 3 Gipps Street in inner-western Sydney’s Birchgrove sold pre-auction for $2.35 million.

Sell in the first two weeks, or wait? They sold, for $2.35m

There were many people looking, but few buying. When the vendor of this Sydney home secured two potential buyers, they acted. Quickly.

  • Michael Bleby
The six-unit block of apartments with scope for a 10-storey building on the same site at 1199 Gold Coast Highway, Palm Beach, sold for $10 million.

The $1.5m sale that shows Gold Coast buildings and people are ageing

Housing stock is being recycled on a key part of Australia’s coastline. But sales that make sense on paper aren’t always easy to achieve.

  • Michael Bleby
The three-bedroom house at 68 Abbeville Street in Brisbane’s Upper Mount Gravatt sold at auction for $1.4 million.

A $1.4m sale plays the Brisbane and Melbourne markets – and wins

It wasn’t on purpose, but a young couple bought and sold in two capital city markets at just the right time.

  • Michael Bleby

August

A render of the four-bedroom, three-level townhouse at 11-11A Old Berowra Road in upper north shore Sydney’s Hornsby, which sold for $1.8 million off the plan.

Couple buys $1.8m home – and still ends up sharing with parents

Many multi-generational families want to live close to each other. But worsening affordability has reduced spending power – and that’s changing housing design.

  • Michael Bleby
The two-bedroom, one-bathroom apartment with car park at 12/20-24 The Parade in inner-western Sydney’s Russell Lea sold at auction for $1,063,000.

The $1m apartment downsizers wouldn’t touch

It had stairs – lots of stairs – faced south and needed a ton of work. But first home buyers fought hard for it.

  • Michael Bleby
The two-bedroom, semidetached home on 158 square metres at 12 Redmond Street in inner-western Sydney’s Leichhardt sold by private treaty for $1.43 million.

Vendor goes for ‘bird in hand’ to sell terrace for $1.43m

In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.

  • Michael Bleby

July

Round one: The 35.5ha block at 117-147 Tweed Coast Road in northern NSW’s Cudgen contracted to sell as a whole for $11 million.

‘Death clause’ triggers an extra $1.2m for vendor

“You’re not legally allowed to ask for a price reduction just because someone dies,” said the agent. But one buyer did – and then pulled out of the sale.

  • Michael Bleby
The three-bedroom, single-garage townhouse at 7/72-78 Flora Street in southern Sydney’s Kirrawee sold before auction for $1,281,000.

First home buy costs $1.28 million – and 858km

Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.

  • Michael Bleby
The one-bedroom apartment with no car park at 29 Lander Street in inner-southern Sydney’s Darlington sold for $995,000.

One-bed unit, no car park – the price? Almost $1m

There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.

  • Michael Bleby
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The three-bedroom townhouse at 3/29 Wheatleigh Street in lower north shore Sydney’s Crows Nest sold by private treaty for $2,915,000.

The unusual move that made this seller $4.8m

Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.

  • Michael Bleby

June

The 810-square-metre corner site in an area with residential zoning for a 15-metre building at 11-13 Stevens Street in Gold Coast’s Southport sold by private treaty for $1.5 million. It was bought by the buyer of the neighbouring 15 Stevens Street site. 

The 10-minute, $1.5m sale that was an afterthought

An interstate buyer paid $835,000 for in investment block of land, sight unseen. When they did come to see it, they bought the neighbouring block, too.

  • Michael Bleby
The five-bedroom house on 7513 square metres at 2 Mayo Court in the Gold Coast suburb of Highland Park sold for $1.765 million.

Working from home option secures $1.8m sale

A Gold Coast home had a commercial side to it that put most buyers in the area off. So the agent went further afield.

  • Michael Bleby
The four-bedroom house on 560 square metres at 59 Eighth Avenue Jannali in southern Sydney’s Sutherland Shire sold prior to auction for $1,915,100.

Downsizers from $1.9m house get help from agent to buy next home

In a low-stock market, some vendors are getting extra assistance – from their sales agent – to purchase their next home.

  • Michael Bleby
The two-storey, four-bedroom, 2.5-bathroom house on 622 square metres at 14 Shenton Place in western suburban Perth’s Claremont sold by private treaty for $3.6 million. 

Downsizers who ‘weren’t looking’ buy $3.6m home

Competition for smaller homes in established suburbs like Claremont is so intense that many downsizers plan to build anew. But if they see something suitable, they jump at it.

  • Michael Bleby

Original URL: https://www.afr.com/topic/how-it-sold-1mrb