Market stuck in seller standoff
The housing market has become caught in a Catch 22 situation that’s preventing many homeowners from selling their properties and making it harder for buyers to make a move.
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Braving auction pays off for sellers
House owners have become increasingly reluctant to list their properties for sale, but those who have put their homes up for auction have been rewarded with better than expected results.
One in five unit sellers lost money
The number of units that have changed hands for prices less than the owners paid has been on the rise in multiple areas around Sydney where there has been rampant high-rise construction.
Trick agents use to buy homes with tiny deposits
Buyers are still landing a foot on the property ladder with minimal deposits despite an ongoing climate of cautious lending from banks by using a clever approach, a buyer’s agent claims.
Housing slump bleeds government of $10.6 billion
Sydney’s housing slump is costing the state government big time, with research showing property tax revenue is plummeting and could lock the state in a debt trap unless there is urgent reform.
Building for rent with dark history
Today it is on a popular cafe strip, but a historic terrace now up for rent was once at the centre of a murder-mystery fit for a crime novel, complete with four spent bullets and four suspects.
Record rate cut will be big win for property
Home loan customers may save about $600-$1000 a year in mortgage repayments thanks to today’s landmark rate cut by the Reserve Bank but homeowners will get other bigger benefits too.
Units selling for $150k less than vendors paid
Homeowners with properties in high-rise apartment buildings are facing mounting difficulties reselling their properties for close to what they paid, with many having to accept substantial losses.
Boatshed pricier than $60m mansion
Think car parking is expensive? A small boatshed is being sold with a 5m strip of private beach but the asking price may make you want to do a double take.
Child drops hammer on auction at $2.8m
Sydney home auctions were a mix of the weird and wonderful this weekend, with a child intervening in one sale on the way to it selling for $400,000 over reserve.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/150