Fixer upper sells for $1.2m over reserve
A home that last changed hands about 40 years ago has attracted one of the highest prices at auction so far this year — and the owners plan to bulldoze it down.
A home that last changed hands about 40 years ago has attracted one of the highest prices at auction so far this year — and the owners plan to bulldoze it down.
The sellers of a three-bedroom house in Sydney’s northwest got a big surprise when their home went under the hammer. The home was among a mix of unexpected auction results across the city.
A self-described IT geek has developed an unusual approach to getting a house for cheaper by building his next residence out of old rubbish and getting volunteers to do the hard work.
Sydney already has a record glut of empty apartments but it is expected to get even bigger as developers continue to roll out new units in areas where local tenant demand has been plummeting.
A series of new apartments are set to be introduced with an automated system that will help occupants sleep better, breathe easier and solve common problems inside urban homes.
Property buyers are at risk of losing money every year if they choose to buy into a handful of cheap, but risky, suburbs and can save in the long run purchasing elsewhere, new research shows.
Purchasing a home together used to be considered a vital step in a couple’s romantic journey, but more are now opting to buy homes solo because of big changes in the housing market.
It’s often been investors or developers blowing all rivals for homes out the water, but at an inner west auction today it was a pair of first-time buyers who were surprise victors with a bumper price.
Buyers still have a chance to snag homes at well below prices being paid two years ago, but their window of opportunity could be closing due to recent market changes.
It has been described as a house with loads of character that “ticks every escape to the country box”, but this five-bedroom retreat also offers buyers a surprise beside its long driveway.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/152