Anxious sellers floored by $9.65m bid
A designer home described as a “masterpiece” and rented out for up to $3000 a week has sold at auction for a multimillion dollar price at a time of cooling buyer demand.
A designer home described as a “masterpiece” and rented out for up to $3000 a week has sold at auction for a multimillion dollar price at a time of cooling buyer demand.
A significant portion of Sydney homes going under the hammer after this week’s rate rise failed to sell and the rare homes that attracted fierce bidding tended to share one trait.
Coming rate rises will force homeowners to spend thousands extra on their loans this year, with Sydneysiders who bought in recent boom suburbs facing the biggest risks. SEARCH YOUR SUBURB
Sydney home prices have dropped again, but even bigger falls could come as economists warn Harbour City buyers will feel the pinch from rising rates more than in other capitals.
Some homebuyers appear to be brushing off the threat of imminent rate rises and have been offering staggering sums at multiple Sydney auctions this weekend.
It’s possible for first-time buyers to secure homes near work and good amenities with a minimal deposit and affordable mortgage in some often overlooked suburbs, a special report shows.
Aussies are only saving about half as much each month as they were last year, with new research revealing how much money the average person has in the bank.
A unique-looking red office tower with a design that resembles a well-known flower has been given the go-ahead in a move that will transform the Sydney skyline.
Voters are getting squeezed for up to $1.1m more for homes than they did before the last election. See how you’re affected.
Sydney rents have spiked by up to $9000 a year in some federal electorates in the past three years – more than 10x the inflation rate. See how you’re affected.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/73