The biggest holiday home sell-off in history for one of Victoria’s hotspots is slashing the number of getaways available for people heading away over summer. And it’s also having another unforeseen effect on visitors.
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Melbourne recorded 45 property sales over a million dollars last week, the latest auction and sales results reveal.
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Melbourne recorded 40 property sales over a million dollars last week, the latest auction and sales results reveal.
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A historic 41-room home in Melbourne’s inner east where a man was killed remains unsold after more than 100 days on the market. The one-time guesthouse was originally built in 1864.
Victorians trapped in ‘mortgage prisons’ are putting their homes up as holiday rentals, leasing out spare rooms and ending maternity leave early in desperate bids to pay their mortgage.
Los Angeles is facing a second disaster in the aftermath of raging fires with vast numbers of homes uninsured. And experts have warned parts of Australia are heading down the same path.
Original URL: https://www.thechronicle.com.au/real-estate/victoria/melbourne