This Month
A cemetery and flood risk made this $2.2m home a bargain
Faced with hurdles that would turn many buyers off, an agent emphasised the strengths of a property – successfully.
This inner-west Sydney home just fetched $1.25m. It won’t happen again
As borrowing costs head lower, buyer numbers will head up – and so will competition. That’s prompting purchasers to pull out the stops now.
May
‘Unbelievable’: $410k sale shows investors are back in this rural town
The demand is as strong as it was during the lockdown period. But unlike then, it’s focused on one key price range.
‘A wow result’: The $1.4m ‘gamble’ on a rising market
Developers are usually cold bidders, basing their limit on what they can get for a site. But this buyer showed more hope than almost 40 rivals who bowed out.
Three home sales worth $6.4m create settlement headache
Simultaneous property payments aren’t usually a problem. But when it comes to a triangular deal, with all parties selling to each other, they are.
April
Long settlement helps buyer spend $4.77m on home
Time is money in property and there’s a trick that upsizing buyers are playing that makes the vendor their financier.
One-bedroom unit goes ‘well and truly over’ reserve for $670,000
A single-mum buyer got knocked out of the race for a two-bedroom apartment. But after refocusing on a smaller property, she put everything into securing it.
Vendor takes $33k hit from levies, but makes it up in sale price
A seller wanted $680,000 for her flat. But when she offered to pay special strata fees needed for the building, she raked in $716,000 from the new competition.
March
Buyer pays $190,000 above their own pre-auction offer to secure home
The vendor was happy with the strength of bids made during the campaign but pushed it to auction anyway – and it was worth their while.
This house sold for $4.2m – and then for $3.9m a week later
The first buyer of a luxury property – with a question mark hanging over it – ghosted the agent. That forced the vendor to set their sights lower.
Cyclone Alfred’s insurance storm batters sturdy $1.925m sale
Four hours before the scheduled auction of this Brisbane property, companies refused to extend home cover. But that didn’t put buyers off.
Buyer hands over $5.4m asking price to avoid renovation
Construction costs may be easing, but purchasers are still wary of getting stuck with huge bills and unpredictability. They’re willing to pay for certainty.
Tricky reno, small block sells for $100,000 over expectations
The higher than expected price shows buyers are less squeamish about construction than they were.
February
COVID ‘refugee’-turned-investor flips $5.3m home
An aspiring reality TV star who fled Victoria’s pandemic lockdowns has developed a profitable line of work in buying – and selling – Queensland homes.
Home in ‘last affordable frontier’ goes for $760,000
Price growth may be slowing in this city, but some market niches are booming – precisely because other levels have priced buyers out.
The buyers who saved money with a 5-day purchase
A downsizing couple was desperate to secure a new home and get simultaneous settlement. Then they found this apartment.
Portsea house sells after vendor cuts $2m from asking price
Buyers are making a calculation that prices in the playground of the wealthy have hit the bottom – and they’re coming back.
December 2024
Vendor sells $1m apartment in ‘flooded’ market
In a building with many investors selling, an upgrading owner-occupier was also trying to offload – in a market that changed for the worse within months.
‘Shoebox’ apartment sells for $850,000 in less than a day
With supply crunched, this 41-square-metre unit sold at a rate similar to those on nearby Millionaires’ Row.
Not even the agent saw this $4.2m purchase coming
They were three separate houses, sitting in a row. The residential sites were no good for development, but that didn’t stop one buyer from purchasing them all.