Why sex doesn’t sell in Sydney
Inner city sites where sex services used to be traded for big money are being squeezed out the city because developers want to replace them with a property-type that makes considerably more money.
Inner city sites where sex services used to be traded for big money are being squeezed out the city because developers want to replace them with a property-type that makes considerably more money.
Economic modelling has revealed the kind of prices home buyers will be paying for Sydney property by 2030 if historic growth continues – and it’s great news if you’re a homeowner.
They were growing, now they’re skyrocketing – home prices are on track to record the biggest monthly increase in more than four years after having turned a corner earlier this year.
It may not look like much on the outside but an inner Sydney home adorned with street art has proved one of the best income generators in the city after getting a whopper price at auction.
Sydney home sellers have been warned to avoid a costly mistake that’s becoming increasingly common in the recovering housing market or risk derailing their chances of getting the best price.
It went to market with a backyard full of rubbish and the shabby interior lacked a toilet, but a fixer upper home in the inner west dished out even more surprises when it went to auction.
Homebuyers’ fear of missing out on the chance to snap up property at a potentially lower price will extend the usual spring buyer rush to Christmas, with big consequences for sellers.
Competition for a weatherboard house in Western Sydney was cranked to the max when a “monster crowd” showed up ready to bid, driving the price more than $300k over expectations.
Fancy getting an extra $75,000 on the side each year? That’s what the owners of an inner west home got after a surprising auction sale gave them an incredible return on their investment.
To be considered rich in Sydney, you’d need to hold a certain level of real estate assets, according to new research which revealed how homeowners measure up across the city.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/140