This Month
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.
November 2024
The $2.25m sale of an Airbnb that dragged out over four weeks
This was a difficult house to sell because of restricted opening times but its price point below the suburb median ensured the buyer was patient.
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.
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.
October 2024
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.
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.
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.