Prices of collapsing homes signal alarming trend
Panicked property seekers have been snapping up nearly anything up for sale, paying up to $2 million for homes with no roofs, termite damage and other features that make them uninhabitable.
Panicked property seekers have been snapping up nearly anything up for sale, paying up to $2 million for homes with no roofs, termite damage and other features that make them uninhabitable.
A family who thought they’d get $1.4m for their home at auction were stunned when a big crowd showed up, pushing the price to a level no one expected. And there were plenty more big results on a heated day for sales.
Buying a home has become cheaper than renting one in parts of Sydney due to a mix of changes in the housing market, but property experts warn the good buying conditions may not last.
Property prices have been rebounding after a prolonged market slump, but further price rises could create a major headache for policymakers, a housing market analyst has warned.
Sydney’s prolonged housing market downturn and ongoing recovery have attracted a very particular type of property buyer who is hoping to swoop in on sales before rivals flock in.
With prices starting to bounce off recent lows, property experts say house hunters should be looking to make a move as spring selling season approaches.
Home sellers are laughing all the way to the bank as the shifting real estate market creates ideal auction conditions and helps even rundown homes sell at big prices.
They are some of the most glamorous streets in Sydney’s most exclusive suburbs, offering owners incredible views of the water and even more impressive price tags.
Property seekers are eyeing the coming spring with renewed hope of bagging their dream home, with bank research showing Sydneysiders have new reasons to be optimistic about the market.
It took all of six minutes to sell under the hammer, but an unexpected price has given the vendors of a much-loved inner west home with no parking plenty of reasons to smile.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/146