Worst mistake buyers can make in boom
Real estate tycoon John McGrath has warned buyers need to avoid getting swept up in the current market hype and has given home seekers some stern advice.
Real estate tycoon John McGrath has warned buyers need to avoid getting swept up in the current market hype and has given home seekers some stern advice.
A major property shortage has created a vicious cycle where would-be sellers’ decisions to delay listing are making the market even hotter.
Homes have sold at record prices in more than 30 Sydney suburbs in the past four months alone, with values rising $1100 per day in some areas, in what agents say are conditions “never seen before”.
A revolutionary Sydney apartment has been launched with floor tiles, artwork and plenty more made from old waste products in what could be the future of housing.
An “alarming” number of homebuyers say they’re prepared to resort to an extreme tactic to get into the housing market quicker, but experts warn it is a recipe for disaster.
Forty buyers were seen camping at an estate in Sydney’s west four days before last weekend’s release in what’s become an escalating war for land.
Sydney is no stranger to housing booms but there are signs the current market rise is escalating beyond anything seen before – with two major banks forecasting how it will affect prices.
There has been a surge in suburbs where $3m is the norm for house prices, with 10 suburbs hitting the milestone last year and another 18 due to pass it soon. SEE WHICH SUBURBS MADE THE $3m CLUB
Desperate homebuyers have been camping outside development offices in Western Sydney for up to two days to be front of the queue at new land releases.
He made waves four years ago when he snapped up his tenth property aged 25 but an ex-housing commission resident has since refined his buying tactics and now owns 29. Here’s how he did it.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/101