The buyers dominating home sales
Demand for real estate sales has nearly doubled since the height of the coronavirus lockdown period in April but it’s largely due to one buyer group who have been spending big.
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Success rate of auctions increases
Sydney’s auction market has been steadily strengthening and is in a stronger position than over this time last year, research shows. One sale saw a buyer pay $1.42m just to bulldoze a house down.
Family accidentally bid against each other
The auction of an inner west terrace turned awkward when it emerged the two parties who duelled in a bidding war were family and had pushed the price way above reserve.
Crumbling ‘sh*thole’ sells for $4.62m
A falling apart terrace with rooms blocked off with tape attracted 18 registered bidders at auction and sold for millions despite needing an estimated $2 million in renovation work.
Where to get homes for less than 2015 prices
Property prices have become cheaper than they were in 2015 in a range of suburbs due to falling demand from investors, who were traditionally the main market for the local homes.
The most popular suburbs to buy a home
Bondi and Mosman may be our dream locations, but one region dominated by large houses, many newly built, is where the most Sydneysiders are actually buying property.
RBA feared crash in house prices
The Reserve Bank may have had a gloomier view of the housing market than public announcements would suggest, with internal documents from May revealing how prices were expected to change.
One in six rental homes empty
Landlords are under renewed pressure to cut rental prices following another pandemic-driven surge in vacancies. It’s left Sydney with a dubious distinction among capitals.
Estate with laser room, waterfall gets epic discount
A sprawling estate with a hydrotherapy centre, waterfall, 61 car spaces, laser room and green screen tech has been listed with an epic discount following recent price cuts on nearby homes.
Competition heating up at auctions
Nearly 500 NSW properties went under the hammer this weekend, with preliminary results revealing most sellers scored prices over their reserves due to heated buyer competition.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/124